The IOTA foundation through its founders Dominik Schiener and David Sønstebø has in a recent AMA session hosted by Coinmarketcap, revealed the future projections of the foundation and present state of its developments, which include its proposed plan to launch Honey in Q1 2021.
Honey is the third phase of IOTA’s Testnet for a fully decentralized network, the first phase called Pollen has been released, while the second phase tagged Nectar according to Schiener, is scheduled to be released in the close of 2020 Q3.
However, Schiener, pointed out that provisional arrangement is directed toward the launch of Nectar before Q3 2020 runs out and Honey, by Q1 2021.
He explained further that the execution of these arrangements will hang on the number of successful trials by the community in the consequent times.
Speaking on partnerships, Schiener reported that the COVID-19 pandemic has affected a lot of collaborations, but the foundation is making underground moves to seal some partnerships and is expecting an improvement soon.
Sønstebø came in to reiterate that there is virtually no project that involves the use of data that cannot be incorporated into the IOTA Network; he boasted that IOTA is certainly capable of transforming close to ten different industries in existence.
IOTA to expand into the US and US
On the expansion plan of the foundation, Schiener narrated that the IOTA foundation since its launch in Germany had projected and achieved to be the biggest Distributed Ledger Technology (DLT) Company in the European market.
Sønstebø commented that the foundation had recorded an increasing number of adoption in the previous year In the US.
Meanhwile, according to Schiener, over 70% of IOTA’s present partners are Europe-based. The two co-founders, agreed that the adoption rate of IOTA in countries outside Europe, like the U.S. and Asian countries, will soon experience a surge as the foundation is making moves to expand into those countries, fully.
Dutch-Based BlockchainLab develops self-rating app on IOTA Tangle
In another development, a Dutch-based BlockchainLab, Drenthe, had taken to Twitter to announce the development of a “Self Sovereign Attendance” on the IOTA Tangle.
The App is an autonomous self-rating technology for certifying that a person or group of people had participated in an event, made a payment, and could also be used for accreditations.
The technology, according to BlockchainLab is “open” to educate the public and makes further researches about Blockchain technology and application, adding that the company sourced to incorporate with a network like IOTA to boycott blockchain entry barriers.
The IOTA based self-rating App enables a GDPR compliant registration, establishes a forgery-proof of participation, and generates a strong proof that is evident enough to testify that a participant had taken part in a particular event.
Prospective event organizers planning to use the app, have to register on the Tangle to generate a unique “event key” as a QR code. Participants who are interested in the event will then scan the QR code with their smartphones to generate a unique key for accessing the Tangle ahead of the event. The unique key will also give the participant access to downloading the certificate of participation.
