Ad

IOTA News: IOTA Signs MoU with UNOPS

IOTA news

IOTA (MIOTA) has been slow out the gates the past couple weeks, but it looks like things may be turning around. It’s true that, at press time, IOTA (MIOTA) is down nearly 20%, but that’s probably due to the crypto market decline. Right now, there is some trending IOTA news, and it’s likely to only bring good things to the IOTA Foundation.

First, however, let’s look at some IOTA price news.

IOTA (MIOTA) Daily Chart 

IOTA (MIOTA) is currently selling for $1.43. This puts the coin down 17.12% in the past twenty-four hours. 

IOTA news

Source: CoinMarketCap

IOTA is ranked as the 8th largest virtual currency, sitting below Stellar (XLM) and ahead of NEO.

IOTA News | May 23, 2018

Yesterday, the United Nations Office for Project Services (UNOPS) announced that it teamed up with IOTA. Specifically, IOTA signed a Memorandum of Understanding with UNOPS. The two organizations are reportedly going to explore IOTA’s technology. The end goal is to find out if it has the ability to improve the efficiency of its operations. 

UNOPS has a special advisor when it comes to the blockchain, and, according to Mr. Yamamoto, IOTA and UNOPS share a vision, and they believe working together will be the best route to go about achieving that vision. Mr. Yamamoto said this is a vision of living in a world where machines, people, and devices connect and communicate with one another.

>>The Marshall Islands Issues Its Own Legal Tender Cryptocurrency

As for IOTA, it appears the organization feels the same. David Sønstebø, IOTA co-founder, stated that “global shared problems require shared global solutions.” A statement that I personally couldn’t agree more with.

IOTA Community Responds 

Everyone seems to be quite pleased with the news. Many have shown their support on social media; here are a few messages that stuck out: 

The IOTA News Takeaway

What do you think of the announcement? Do you think this is a partnership that will benefit both UNOPS and IOTA? Let me know. 

Featured Image: twitter

Sponsored Crypto Content

Ad