- IOTA collaborates with Siemens, Accenture, and Fujitsu in the INATBA’s Industrial Blockchain Task Force, focusing on blockchain-driven European innovation.
- The task force will evaluate blockchain use cases, advocate for industry standardization, and align with upcoming EU policy goals.
IOTA has announced a significant collaboration with industry giants Siemens, Accenture, and Fujitsu, joining the Industrial Blockchain Task Force spearheaded by the International Association for Trusted Blockchain Applications (INATBA). This alliance aims to advance innovation and explore the potential of blockchain technology in various industrial sectors.
Teaming up with industry leaders #Siemens, #Accenture, and #Fujitsu, #IOTA is proud to contribute to the Industrial Blockchain Task Force. They’re spearheading innovation, assessing use cases, and exploring the potential of blockchain.🚀🚀🚀
Learn more: https://t.co/qwmxpHVGLx pic.twitter.com/tfBBwXouPU
— Collin Brown (@CollinBrownXRP) November 12, 2023
Pioneering Blockchain Innovation in Europe
The Industrial Blockchain Task Force, an initiative of INATBA, brings together blockchain enthusiasts from both the public and private sectors. The primary objective of this task force is to assess and discuss technology infrastructure projects involving blockchain. The aim is to produce an end report by January 2024, which will provide a comprehensive analysis of these projects, identifying synergies and gaps in their technical foundations. This report will aid in fostering innovation-oriented decision-making and support regulatory compliance efforts across Europe.
Mission and Focus of the Task Force
The core mission of the Industrial Blockchain Task Force is to empower industrial decision-makers by analyzing efforts in building resilient industrial products and processes that leverage blockchain and AI. This collaborative effort includes both INATBA members and non-member companies, bringing together a wide range of expertise from sectors like energy, automotive, production, and circular economies.
Ricardo Simoes, Executive Director of INATBA, highlighted the significance of this task force:
“It is a remarkable accomplishment for us to extend our reach and contribute to the planning phase of tech infrastructure projects at the European level.”
Collaborative Goals and Strategic Impact
Sebastian Becker, the initiator of the Industrial Blockchain Task Force and a Board Member of INATBA, emphasized the importance of this collaboration, particularly for the Belgian presidency of the EU. The task force aims to create a corporate and consortial blockchain tech adoption map, list advanced blockchain capabilities, and provide an overview of blockchain’s current status and applications.
Facilitating EU Collaboration and Compliance
The task force members will participate in bi-weekly meetings, fostering a dynamic, cross-industry environment and contributing to standardization in sectors like Energy, Automotive, Production, and Circular industries. As utility tokens move toward regulatory compliance with MiCA in 2024, the task force will play a crucial role in summarizing blockchain capabilities, especially in relation to EU policy goals and initiatives like Digital Product Passports, CSRD, and upcoming ESG reporting requirements.
This collaboration positions IOTA and its partners at the forefront of blockchain innovation, contributing significantly to shaping the EU’s technological landscape and regulatory framework in the blockchain domain.
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