As a report has it, IOTA has recently sealed a new partnership that will advance its presence in South Korea and Southeast Asia.
In conjunction with Tanglehub and Observer Foundation, IOTA will develop and promote its projects in these two regions, and in Europe as well.
IOTA Foundation, “We’re proud to announce the strategic agreement with South Korean Observer Foundation and Tanglehub to jointly apply for smart city projects within South Korea and Southeast Asia.”
We're proud to announce the strategic agreement with South Korean @observerfounda1 and @Tanglehub_eu to jointly apply for #smartcity projects within #SouthKorea and #SoutheastAsia. https://t.co/hSbF6GOZIo #IOTA
— IOTA News (@iotatokennews) January 22, 2021
Towards the Application of Smart Cities
Going by the official blog post by the IOTA Foundation, the new partnership is sealed between two organizations (Tanglehub and Observer Foundation) that press for the adoption of IoT technologies.
The IOTA Foundation team highlights that this partnership may result in building smart cities in ways that were never possible before. Three aspects will be crucial going forward: smart cities partnered with IoT should be “interconnected, sustainable and adaptable to everyone’s needs.”
According to IF, the expertise of new partners is unparalleled. Observer Foundation has a proven track record with smart cities while the Tanglehub team has seasoned IOTA adoption experts on board.
The report says that a new program will roll out this year with South Korea, Southeast Asia, and Europe as its major focus.
Adoption of Internet of Things
According to the managers of the new partners, the collaboration with IOTA will enhance the adoption of both the “Internet of Things” and “smart cities”.
The director of partnerships at the IOTA Foundation, Holger Köther, stresses that the combination of the three teams will bring about the targeted outcome:
“As the Observer Foundation is committed to collaborating with the IOTA Foundation on South Korean projects this will also be a vice versa commitment. The Observer Foundation will be introduced into smart city projects where IOTA plays a large role. With Tanglehub’s expertise we have already started first tests to integrate IOTA into Observers environmental stations, securing data directly at the source.”
Reacting to the new partnership, CEO of Observer Foundation, Tae IL Cho, admits that solutions provided by IOTA are a “smart bet” for the smart cities industries in 2021:
“IOTA has a broad range of applications, to cover a multitude of smart city relevant use-cases with a single protocol. In particular, we want to support the design and implementation of a service-oriented ecosystem by discovering innovative services that can utilize distributed ID (DID) services such as objects, data, and contracts.