Dell Among Founding Members of IOTA Working Group

Published on by Coindesk | Published on

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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.

IOTA and Eclipse Foundation, the open-source software foundation, announced Tuesday the new Tangle EE working group will begin working on projects that can help develop viable commercial use-cases for IOTA's technology.

Tangle is IOTA's scalable distributed ledger network that, unlike blockchains, employs a system where users confirm transactions as they send new ones.

A total of 15 companies have joined the working group as founding members including Dell, German electronics provider STMicroelectronics and the University of Magdeburg.

"The Eclipse Foundation will provide a vendor-neutral governance framework for open collaboration, with IOTA's scalable, feeless, and permissionless DLT as a base," said Mike Milinkovich, executive director of the Eclipse Foundation.

Dominik Schiener, co-founder of the IOTA Foundation, told CoinDesk multiple companies reported they wanted to see code tested and reviewed before they themselves would go about integrating it.

By enabling thorough testing of Tangle, the working group will be a "Major stepping stone" for realizing IOTA's vision, he said.

The open-source project will help increase access to IOTA' s technology, according to IOTA co-founder David Sonstebo.

Dell believes data marketplaces will be on the rise by the end of the decade, according to Steve Todd, a fellow at Dell.

Joining the working group will allow Dell to collaborate on developing solutions, Todd said.

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