IOTA is all about making the best use of Internet of Things and Tangle to contribute to creating the ledger of things, future.
IOTA tweeted: “We’re glad to deepen our partnership with @ClimateKIC and @ETH Zürich to rethink notions of value & use #IoT and the #Tangle to create decentralized networks of trust that will be the backbone of a long-term sustainable, resilient economy.”
EIT Climate-KIC is helping Europe mitigate and adapt to climate change by innovating its finance, land, industry, and city systems.
EIT Climate-KIC, together with Edgeryders, ETH Zurich, and IOTA, are now working on an initiative to uncover innovative ways that can be tuned to help people shift mindsets and behavior to a long-term orientation. The focus is to dedicate an area of action to establish an understanding of the process of rethinking notions of value.
Sydney Ifergan, the crypto expert, tweeted: “True. As IOTA reinstates, it is important to build resilience into our systems. A sustainable, resilient society is possible only when the economy is able to sustain after covariate shocks.”
Indeed, the investment in building resilience and sustainability will not yield benefits immediately. However, this can be very useful in mitigating future impacts and shocks proposed by climate change. It is important to have a long-term orientation when it comes to investments in infrastructure, energy, and property.
IOTA Breaking the Fragilities In the Society
IOTA is focusing on redefining notions of value by arriving at “New money paradigms.” Alternative value creation is about creating new value systems, which will help people to exchange value for the purpose of investment.
IOTA is thinking beyond the concept of there is no alternative, thus redefining value in the cryptocurrency space.
IOTA policies are geared towards breaking the fragilities in the society caused due to financialization, increased automation, externalities, and inequalities.
The open-source IOTA protocol focuses on removing friction in transacting value and information between diverse actors by establishing digital trust. Empowering permissionless infrastructure engaging in peer-to-peer economies to create value in the community in a harmonious manner in the natural systems.
It is already very clear that decentralized networks of trust and information are set to be the backbone of a long-term sustainable, and resilient economy. Eventually improving on pluralistic notions of value.
IOTA is focusing on improved use cases with improved notions of value based on online market places with alternative financial systems.
