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Iota partners with UN
Iota partners with UN
Regulation

Iota partners with UN

By Amelia Tomasicchio - 24 May 2018

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According to a Twitter post published by the official account of UNOPS, the self-financed subsidiary that offers project management, human resources, procurement, infrastructure and financial management services of the UN, a collaboration with IOTA has begun.

“We’ve partnered with Iota token to explore how innovative data management technology can improve the efficiency of humanitarian and development operations,” the memo says.

The two organizations intend to explore the innovative technology of IOTA – which provides an open source blockchain for data management – to understand how it can increase the efficiency of UNOPS operations.

“We share a vision where machines, devices, sensors and people connect and communicate to each other – it’s the world of ‘Industry 4.0.’ Harnessing technology that allows for these processes to work simultaneously, without the need for intermediaries, will help expedite our mission as an organization,” said Yoshiyuki Yamamoto, UNOPS Special Advisor on Blockchain Technology.

In welcoming the collaboration, IOTA co-founder Dominik Schiener noted:

“We are thrilled to begin working together with UNOPS and to tackle current and future challenges together.  The IOTA Foundation is fully committed to putting the IOTA Tangle to work on behalf of important humanitarian and development causes.”

The IOTA blockchain can provide a higher level of efficiency in the management and tracking of UN documents, from supply chains to real-time international payments, with access always available to both UNOPS and its partners.

IOTA co-founder David Sønstebø said:

“Shared global problems require shared global solutions.  With our open-source, permission-less innovation approach, IOTA’s distributed ledger technology lends itself uniquely to this kind of cooperative problem-solving.”

The cooperation between both organizations will further extend to training workshops on blockchain and other.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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