IOTA Became United Nations’ Agency Partner For Blockchain Transparency Push

UNOPS which is a service and a technical advisory arm to the United Nations, has recently partnered with IOTA announcing a project that seeks to help UNOPS benefit from IOTA’s open source distributed ledger and Tangle technology. This partnership will improve processes and cut down middlemen.

According to the Special Advisor on Blockchain technology at UNOPS, Yoshiyuki Yamamoto:

“We share a vision where machines, devices, sensors and people connect and communicate to each other — it’s the world of ‘Industry 4.0.’ Harnessing technology that allows for these processes to work simultaneously, without the need for intermediaries, will help expedite our mission as an organization.”

Obviously, UNOPS is interested in IOTA’s open technology that drives the blockchain. This can ease communications and supply chain bottlenecks. As a global organization that empowers the UN’s humanitarian projects, UNOPS adheres to many strict accountability standards which can be complemented by IOTA’s transparent ledger. Meanwhile, UNOPS is known for delivering $1.8 billion in projects in 2017 and operating in 80 countries.

According to UNOPS’ mission:

“UNOPS helps the UN and its partners provide peace and security, humanitarian and development solutions. Our mission is to help people build better lives and countries achieve peace and sustainable development… Our services cover infrastructure, project management, procurement, financial management and human resources.”

On the other hand, IOTA is known for its Directed Acyclic Graphs (DAGs) which is also known as Tangle – operating as a mesh network. This protocol is less resource-intensive and scales better than traditional protocols because it doesn’t rely on specific nodes having a full copy of the blockchain. Instead, the Tangle protocol offloads the work to the entire network of nodes which depend on each other when verifying transactions.

As of recently, IOTA has been gaining new partners. Its Internet of Things protocol has attracted many enterprises interested in ramping up their efficiency. The IOTA price (MIOTA), on the other hand, has steadily declined in recent days, dropping 2.65% to $1.50 over the past 24 hours but gaining 2.84% against Bitcoin in the same timeframe.