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 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.
“Shared 🌍 problems require shared 🌍 solutions.” We've partnered w/ @iotatoken to explore how innovative data management tech can enhance the efficiency of humanitarian & development operations. | #distributedledger https://t.co/GHbbB2Pm9d
— UNOPS (@UNOPS) May 22, 2018
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.
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:
This builds enormous goodwill around the globe. Companies and nations see this. Big promotion for #IOTA! Congrats!
— Fev (@Fevzii) May 22, 2018
Take note. This is what adoption looks like. This is what 'use case' looks like.#IOTAstrong
— Mike Stefan (@MikeStefan66) May 22, 2018
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