IoT-focused digital currency IOTA continues to expand its business network in all areas. Finally, Michael Nilles, one of the senior executives of the Schindler Group, joined the advisory board of the IOTA Foundation.
Schindler Group is a company that was founded in Switzerland in 1874 and is present in 140 countries around the world with 60 thousand employees.. In addition to being the world’s largest escalator manufacturer, the company is also a leader in elevator technologies.. Therefore, it can be considered as a very important participation for IOTA.
It is not yet known what kind of cooperation Schindler will make with IOTA, but there is speculation about possible payment systems for escalators and elevators.
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No official statement by IOTA yet. However, on Nilles’ LinkedIn profile, it can be seen that he has joined the IOTA Foundation’s advisory board.. Nilles is also on the advisory board of another important company, Lufthansa Technik.
There are names from Fujitsu and Volkswagen in the foundation
Fujitsu’s also on the advisory board of the IOTA Foundation.
On the other hand, another important development regarding IOTA in the recent period is Mobility, the largest consortium focusing on implementing Blockchain technology in the automotive industry. It was a partnership with automobile giants such as BMW, Ford, General Motors and Renault as part of the Open Blockchain Initiative (MOBI).