In what can only be considered to be an excellent business decision, the IOTA Foundation has just brought on-board Fujitsu’s Dr. Rolf Werner who currently oversees the company’s activities in Germany, Austria, and Switzerland.
Before his work at Fujitsu, Wener served as a board member for T-Systems Multimedia Solutions as well headed the company’s French subsidiary unit which oversaw their service operations in America, Europe, the Middle East and Africa.
Speaking on his latest technological venture, Dr.Werner said:
“The possibilities of decentralized and secured applications based on IOTA Tangle as a Distributed Ledger Technology are immense. They go far beyond machine-to-machine payments and include, for example, tamper-proof monitoring of the supply chain and secure identity management, just to name a few.”
IOTA is primarily known in the crypto market for its ‘blockless distributed ledger’ technology called Tangle. In recent months the company has been actively seeking avenues via which it can deploy its propriety digital offering for industrial use cases.
It is also worth mentioning that minutes after the hiring of Werner was made public, IOTA backers took to Reddit and other social platforms to give their seal of approval for the move.
Several Redditors lauded IOTAs steadfast approach to driving innovation within the IoT market as well as fostering large-scale innovation within the blockchain sector.
What comes out of this partnership remains to be seen, but from the outside-looking-in, this move seems to be a step in the right direction for the IOTA Foundation.Filed Under: Japan, Altcoins, IOTA
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.