Consortium +CityxChange is a member of IOTA Foundation, won a grant to develop pilot infrastructure projects to European cities. The projects are part of the Horizon 2020 program of the European Union for the development of scientific research and technology. Only the consortium has received €30 million.
The goal is to improve the quality of life and redistribution the creation of a surplus of electricity through the use of the blockchain and p2p network. As the polygons will perform in seven European cities: Trondheim, Limerick, Alba Iulia, Písek, Sestao, Smolyan and võru. The leading role is assigned to the Norwegian University of natural Sciences and engineering (NTNU).
Offers +CityxChange was awarded for a clear demonstration of future use of the development for the construction of “energy efficient neighborhoods” in other cities of Europe. Emphasizes their inclusive nature: +CityxChange plans to use “the entire value chain, including high-ranking officials, cities, universities, large enterprises, operators of distributed networks, small and medium business and NGOs”.
Speaking about the project, development Director at IOTA Foundation Wilfred Pimenta (Wilfried Pimenta) stressed that the initiative is fully consistent with the root values of IOTA and added:
“Smart city is one of the fastest growing cross-sectors of innovative technologies, which IOTA has a chance of working. Whether it’s our joint developments with partners from the fields of transport, energy or markets, ecosystems smart cities are driving it all together”.
Co-founder of IOTA, David Senstive (David Sønstebø) expressed his joy about the grant and the opportunity to work with NTNU.
“The opportunity to explore and demonstrate the practical value of IOTA in the context of the project smart city, implemented in many cities of Europe — it will be very important for our development.”
Details of the projects were not disclosed. It is possible that in the framework of this initiative, IOTA uses Qubic — adaptive Protocol for oracles, smart contracts, etc.
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