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American computer giant Dell is among 15 companies joining an IOTA working group to explore how the firm's "Tangle" technology can be integrated into commercial solutions.
All right, all right, Foundation for Free Software, announced on Tuesday the new working group on e-tangle will start working on projects that can help develop cases of viable commercial use for iota technology. Tangle is IOTA’s scalable distributed LEDGER (DLT) network that, unlike blockchains, employs a system where users confirm transactions as they send new ones.
A total of 15 companies joined the working group as founding members, of which dell is a German supplier of stmicroelectronics electronics and the University of Magdeburg.
The Eclipse Foundation will provide a neutral governance framework for suppliers to collaborate openly, with iota is evolutionary, feeless, and without permission as a base," he said, the Eclipse Foundation's Executive Director. In the process, we will accelerate the development of new applications developed using this transformative technology."
Dominik Schiener, co-founder of the IOTA Foundation, told CoinDesk that many businesses have stated that they want to see the code tested and reviewed before it is integrated. By allowing in-depth testing of the entanglement, the task force will be an "important springboard" to realizing iota's vision, he said.
According to David Sonstebo, co-founder of iota, the open-source project will provide greater access to iota technology. Decentralized identities and decentralized markets, which may facilitate real-time commerce, and decentralized identities, will be the first projects of the working group.
Dell expects data markets to rise by the end of the decade, according to dell's colleague Steve Todd. By 2030, billions of dollars of data will be shared and one of the reasons for the entanglement is to help our clients get closer to this reality."
Joining the working group will allow Dell to collaborate on developing solutions, Todd said.
