The combined organization will offer a single stop for IoT industry guidance and a larger ecosystem for end users looking to improve their bottom line with IoT and DLT.
NEEDHAM, Mass. (PRWEB) January 03, 2020
Effective immediately, the organizations will work together under the IIC umbrella to drive industry collaboration and research, foster open systems development and promote best practices for trusted IoT systems such as blockchain and related distributed ledger technologies (DLT). The first formal meeting of the combined organization will be held in Athens, Greece, March 9-12, 2020.
“Over its two-year lifespan, TIoTA has impacted the intersection of DLT and IoT, while in its five years, the IIC has established major influence in IoT across industries,” said Csilla Zsigri, Senior Analyst, Blockchain & DLT, 451 Research. “This consolidation will strengthen the ability of the IIC to provide guidance and advance best practices on the uses of distributed ledger technology across industries, and boost the commercialization of these products and services.”
“TIoTA has built a community of technology leaders focused on bringing blockchain/DLT solutions to market,” said John Calian, Head of Telekom Innovation Laboratories (T-Labs), an Enterprise Member of TIoTA. “This community is focused on leveraging the power of blockchain/DLT and the concept of decentralized trust to achieve greater security, scalability, and interoperability within existing and future IoT ecosystems. This direction will help the IIC continue its market momentum.”
“We are excited to take this step toward integrating TIoTA with IIC and continuing to accelerate our momentum together,” said Anoop Nannra, Founder and Chairman of TIoTA. “As an IIC liaison, we have already partnered with IIC on some of our Trusted IoT Global Design Challenges, our Trusted IoT Reference Architecture working group, and other initiatives. We are looking forward to bringing these into the IIC portfolio to further develop practices around multi-stakeholder innovation strategies. Our membership is excited to help drive and shape the advancement of trusted systems in a broad range of IoT applications with the wider community.”
“We welcome the trusted systems expertise that TIoTA brings to IIC,” said IIC Executive Director Richard Soley. “Since IIC began in 2014, the use cases for distributed ledger technology have grown exponentially. The combined organization will offer a single stop for IoT industry guidance and a larger ecosystem for end users looking to improve their bottom line with IoT and DLT. This will enable the Consortium to become the center of gravity for the future of Industrial IoT systems across industry verticals.”
About Trusted IoT Alliance
TIoTA is a result of the collaboration amongst passionate technologists working to leverage blockchain infrastructure to secure and scale IoT ecosystems. TIoTA seeks to enable trust in the data produced by such IoT systems in a distributed ledger/blockchain agnostic fashion, thereby enabling a decentralized trust model for interoperable digitized identities of physical goods, documents, immobilized assets, sensors, and machines. Visit trusted-iot.org to learn more.
About Industrial Internet Consortium
The Industrial Internet Consortium is the world’s leading organization transforming business and society by accelerating the Industrial Internet of Things (IIoT). The IIC delivers a trustworthy IIoT in which the world’s systems and devices are securely connected and controlled to deliver transformational outcomes. The Industrial Internet Consortium is a program of the Object Management Group (OMG). For more information, visit http://www.iiconsortium.org.
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