IOTA and the Eclipse Foundation Launch Working Group to Develop Commercial Applications on Distributed Ledger Technology
Summary
Established under the Eclipse Foundations proven governance framework and processes, the Tangle EE WG unites leading companies and academics in developing IOTA-based data and payment solutions for commercial use. Dell Technologies and STMicroelectronics are among the founding members of the new working group, along with 13 other member organizations: Software AG, Object Management Group, accessec, Energinet, BiiLabs, Calypso Network Association, ENGIE Lab CRIGEN, RWTH Aachen University, AKITA, Geometric Energy Corporation, TMForum, Otto von Guericke University Magdeburg and IoTIFY. “This is a significant step forward for the IOTA Foundation and our ecosystem to develop a diverse, global community of contributors and adopters collaborating on production-ready commercial applications.” “As IOTAs technologies continue to be adopted in commercial use cases, this transparent and open governance framework will be essential in regulating code development, ensuring market fit, and fulfilling our promises of openness, interoperability, and sustainability. The Eclipse Foundation provides our global community of individuals and organizations with a mature, scalable and commercially-focused environment for open source software collaboration and innovation. The Foundation is home to the Eclipse IDE, Jakarta EE, and over 375 open source projects, including runtimes, tools, and frameworks for a wide range of technology domains such as IoT, edge computing, automotive, geospatial, systems engineering and many others.