IOTA’s “Utility maximization in the Coordinator-less IOTA Tangle” wins Best Paper Award at Unet2021
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Elon Musk, the CEO of Tesla Inc., has initiated a controversial topic through his action against Bitcoin (BTC) on 13th May in relation to high energy consumption and the use of fossil fuel to power Bitcoin mining, which he believes to be bad for the environment.

Due to this major reason, Elon Musk declared the flagship cryptocurrency unavailable for buyers to acquire Tesla cars. However, he said the company is looking out to cryptocurrencies that use less than 1% of Bitcoin energy as a better replacement.

Read Also: IOTA’s Dominik Schiener: We Are Building the Best Foundational Infrastructure Layer for New Digital Economies

Over the last 24 hours, the topic has been widely followed with many cryptographic projects coming out to prove their capability and the fact of being the greenest.

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IOTA Releases Proofs of Being One of the Greenest

In order not to lag behind in the current trend, IOTA Foundation has released its strong case for being one of the greenest in the crypto industry in a series of tweets a few hours ago.

The Foundation released relatively seven use cases in which IOTA’s unique and feeless technology is helping to combat climate change.

Read Also: IOTA’s Journey with Mana Has Begun with the Release of New Version of Pollen Testnet

IOTA Foundation shared its strong case in a series of tweets as follows:

“IOTA is being used to digitize measurement, reporting and verification of sustainability performance (known as DigitalMRV) in Chile, funded by the Canadian government.

“IOTA is being used by Jaguar Land Rover, Engie Lab Crigen & Entra to trace the path of energy from production in solar panels to consumption in electric vehicles in Trondheim, Norway.

“IOTA is working with Zebra Technologies to improve efficiency in the supply chain and allow goods to travel more freely across borders.

“IOTA has a long-term collaboration with EIT Climate-KIC, Europe’s largest public-private innovation initiative on climate innovation, funded by the European Union.

“With a consortium within Norway’s dairy industry, IOTA is being used to improve transparency and efficiency in milk production and help reduce methane emissions.

Read Also: IOTA Enters a New Dawn, Now On Clear Path towards Full Decentralization with Chrysalis Launch

“An IOTA community project called KupKrush, from bIOTAsphere, is developing a use case where people are rewarded with IOTA tokens for recycling single-use coffee cups.

“TradeMark East Africa is using IOTA to reduce supply chain friction from Kenya to the Netherlands, speeding up goods transfer and reducing waste of fresh produce.

“IOTA is not a blockchain. There are no miners. There are no fees. The new IOTA network is now 60% more energy-efficient than before. IOTA is fundamentally different. Feeless, sustainable and future-proof.”

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.