July 09, 2018 318By Robert Johnson
“Smart cities is one of the fastest growing cross-sectorial arenas of innovation for IOTA. Building on our work and partnerships across mobility, energy or data marketplace, these smart city ecosystems bring it all together.”Moreover, IOTA co-founder, David Sønstebø has said:
“Being able to explore and demonstrate the utility of IOTA within the smart city context in numerous cities across Europe will be incredibly valuable going forward.”See more for yourself, here. Within this project, IOTA are spearheading a new use for blockchain technology and are seriously exploring how the technology can be used to improve energy consumption, an area of concern for many experts across the globe. By producing more clean energy that we need, demand cannot out weight supply and therefore, cities like those used in this experiment will no longer be at risk of depleting resources. If this goes well, we can only expect to see IOTA’s technologies branch out into more cities across Europe and will also expect to see similar trials take off in other parts of the world, including the United States, Japan and Australia. Using the blockchain to help save the planet, might very well be the most important use for this technology yet.