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The United Nations now know an IOTA about blockchain with new crypto-partner

The United Nations are looking to streamline their processes and have their sights set on using blockchain technology to do it. In a recent announcement from the humanitarian organization, they have declared that cryptocurrency startup IOTA will be the platform to try it.

Written by Rebecca Leighton Published on

The United Nations Office for Project Services (UNOPS) is partnering with the IOTA Foundation to work on UN tasks.

UNOPS announced the collaboration and explained that it comes out of a want for a blockchain ledger to help increase the efficiency of the UN workflow.

IOTA uses blockchain technology differently from the first cryptocurrencies such as Bitcoin and Ethereum and this is an aspect of the startup that attracted the attention of UNOPS.

The startup’s ledger can be used on battery power which is a major advantage if the project wants to focus on areas with erratic internet connections or little electricity. The ledger is also compatible with devices which do not require high computing power (also known as Internet of Things devices).

UNOPS Special Advisor on blockchain technology Yoshiyuki Yamamoto said in the announcement that the two organizations “share a vision where machines, devices, sensors and people connect and communicate to each other” and he hopes that harnessing the available tech will allow for the systems to function cooperatively which “will help expedite [their] mission as an organization”.

IOTA Co-Founder Dominik Schiener mirrored Yamamoto’s enthusiasm for the project: “We are thrilled to begin working together with UNOPS and to tackle current and future challenges together.  The IOTA Foundation is fully committed to putting the IOTA Tangle to work on behalf of important humanitarian and development causes.”

The announcement of the new partnership does not seem to have made an impact on IOTA’s price, but we might see more longevity in the benefit of the collaboration yet.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton