IOTA continues to expand its real-world applications by participating in pilot projects with the European Commission and collaborating with South Korean technologies. Important updates include using Tangle for environmental safety and smart contracts.
IOTA and European Commission Pilot Program
IOTA has been selected for a European Commission pilot program that utilizes Tangle technology to track municipal transport infrastructure and verify environmental sensor data. This represents IOTA's first large-scale government deployment in Europe.
Launch of Smart Contracts on the Shimmer Network
The Shimmer network, IOTA's development environment, has activated smart contract functionality. This upgrade allows developers to create applications using Ethereum's programming language, broadening IOTA's financial capabilities and tokenization.
Support from IOTA Tokens and Voting Results
The trading volume saw a 70.94% increase, leading to support for IOTA tokens. Recently, token holders approved a funding measure with 92% backing, allocating 200 million tokens for university research, startup programs, and technical grants through 2026.
IOTA continues to evolve and finds new applications for its technologies in the real world, marking an important step for the project towards sustainability and innovation.
