IOTA has launched the Business Innovation Program, a program that offers funding and advanced technical support to companies and developers interested in building on its mainnet.
IOTA drives adoption of its updated mainnet, IOTA Rebased Mainnet, with the launch of its Business Innovation Program (BIP)This initiative is designed to catalyze the creation of innovative and scalable solutions by companies and startups, offering funding of up to €100.000 per project along with specialized technical support.
According to the developers, the program focuses on developing applications that generate verifiable activity within the IOTA Mainnet, facilitating the creation of digital assets linked to tangible goods or services. Areas of interest include: asset tokenization, digital identity management, and traceability optimization in supply chains.
BUY IOTA ON BIT2MEWith the launch of this program, IOTA is responding to the growing global demand for solutions that facilitate the digitalization of processes and promote transactional transparency.
The BIP program is presented as a way for developers and companies to transform disruptive ideas into tangible commercial solutions, contributing to the construction of a more efficient, secure, and sustainable digital economy.
Driving digital innovation with IOTA
The IOTA Business Innovation Program's main objective is to catalyze the transformation of the technological ecosystem by supporting concrete solutions that leverage IOTA Rebased's advanced infrastructure. Under this premise, the initiative seeks to attract both established companies and startups willing to tackle real challenges in sectors such as finance, logistics, education, and digital commerce.
One of the program's pillars is the promotion of asset tokenization, a process that converts physical or intangible assets into digital representations that can be managed online. This capability enables the creation of new forms of investment and market access, while ensuring transparency and security thanks to distributed ledger technology (DLT).
The IOTA infrastructure, based on the protocol Tangle and the language Move, overcomes traditional limitations of blockchain technology, such as scalability and high transaction costs, making it especially attractive for high-volume commercial applications.
GROW WITH US – INVITE AND EARNThe scope of the business innovation program is comprehensive, providing funding, ongoing technical support, and access to a collaborative ecosystem. This support enables the solutions developed to scale and adapt to the changing demands of the digital market, ensuring a tangible impact on the digital economy.
The first projects: digital identity, sustainability and traceability
The first generation of projects of IOTA's Business Innovation Program brings together three companies that develop innovative solutions on their Mainnet: Empire, Orobo y ObjectIDs, focused on digital identity, sustainability and traceability, respectively.
Impierce offers a decentralized digital identity platform with products such as UniMe, a self-sovereign wallet, UniCore, for credential issuance and verification, and UniTrust, for validating B2B and B2C relationships, improving security and trust in sectors such as education, commerce, and logistics.
For its part, Orobo creates a Digital Product Passport that tracks the lifecycle of goods to ensure sustainability and regulatory compliance, using verifiable digital twins that connect manufacturers, recyclers, and regulators with transparency.
Finally, ObjectID, developed by SDV Consulting, assigns digital identities to physical objects to combat counterfeiting and ensure authenticity in supply chains, from food to luxury goods, anchoring all information in IOTA technology for independent, real-time validation.
Trade IOTA safely and securelyIOTA: An efficient and secure platform for digital solutions
The choice of the IOTA mainnet as the platform for developing these solutions is no coincidence. Its architecture, based on a public, commission-free distributed ledger, offers significant advantages over other traditional blockchain technologies. Its key attributes include: Scalability, efficiency in transaction processing and the ability to integrate identity logic and digital assets natively.
For projects like those selected in the BIP, the constant availability and resilience of the IOTA Mainnet are critical. For example, in the case of digital identity, the ability to access credentials and certificates in real time, without relying on a centralized server, ensures the continuity of critical services such as employment verification or authentication in hiring processes. Furthermore, the ability to store and manage sensitive information off-chain, but with on-chain verification, strengthens privacy and user control.
In the area of sustainability and traceability, IOTA's infrastructure allows for the inclusion of relevant information about products and processes, generating an immutable record that can be consulted by any interested party. This is especially relevant for complying with international regulations and facilitating independent auditing, aspects that are increasingly in demand in the industrial and commercial sectors.
Finally, the technical support and tools provided by IOTA, such as software development kits in various languages, facilitate the integration of new solutions and reduce the barriers to entry for companies of various sizes and sectors.
Prepare your wallet and enter crypto now.What is IOTA Rebased?
IOTA Rebased is a significant update to the IOTA ecosystem that marks a milestone in the evolution of the technology. It is a reinvention of the network that introduces a new data structure and substantial improvements in efficiency and scalability, transforming the way transactions and data are used on the IOTA network.
The release of this update, on May 5, as reported Bit2Me News represents a significant advancement aimed at addressing the technical limitations of IOTA's original design, paving the way for more robust and versatile applications in the Internet of Things (IoT) and beyond. Overall, the new network architecture is designed to deliver faster transaction speeds, lower costs, and enhanced security—all essential elements for the mass adoption of IOTA technology.
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