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UNOPS, a service and technical advisory arm at the United Nations, and the IOTA cryptocurrency project announce a partnership UNOPS leverages the open-source distributed book of IOTA and Tangle technology to improve processes and reduce intermediates.
Yoshiyuki Yamamoto, UNOPS special advisor on chain block technology, said:
"We share a vision where machines, devices, sensors and people connect and communicate with each other – that is the world of industry 4.0 "Using technology that allows for simultaneous work without the need for intermediaries, will help expedite our mission as an organization."
Part of the interest of UNOPS for IOTA is the open technology that drives the blockchain, which facilitates communications and bottlenecks in the channel. 39; supply. As a global organization empowering UN humanitarian projects, UNOPS adheres to strict accountability standards, which the IOTA Transparent Registry can complement. UNOPS has completed $ 1.8 billion in projects in 2017 and operates in 80 countries.
Their mission states:
"UNOPS helps the UN and its partners to provide peace and security, humanitarian and development solutions.Our mission is to help people build a life. better and countries to achieve peace and sustainable development … Our services cover infrastructure, project management, procurement, financial management and human resources. "
IOTA implements directed acyclic graphs (DAGs), also known as Tangle, that function as a mesh network. The protocol is less resource intensive and evolves better than traditional protocols because it does not depend on each node having a complete copy of the blockchain. Instead, the Tangle protocol delivers this job to the entire network of nodes that depend on each other to verify transactions.
IOTA has won key partnerships. The IOTA 's Internet of Things Protocol has attracted companies eager to make their business processes more efficient.
As reported by CCN on May 20, this new partnership comes after University College London announced that it was cutting ties with IOTA because of legal threats that the IOTA Foundation addressed to security researchers who revealed vulnerabilities to the project.
The price IOTA (MIOTA) has steadily decreased in recent days, trend with the global market. Over the last 24 hours, it has dropped 2.65% to $ 1.50 but has gained 2.84% against BTC over the same period. IOTA is currently the world's 10th largest cryptocurrency with a market capitalization of $ 4.2 billion.
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