Austin Transportation Partners With Iota Foundation to Develop Interoperability Ecosystem
Austin Transportation partnered with nonprofit Iota Foundation to develop a more interoperable transportation ecosystem.
The government transportation department in the city of Austin, Texas partnered with nonprofit Iota Foundation to develop a more interoperable transportation ecosystem. The Austin Transportation Twitter account reported on the partnership on April 25.
The tweet contained a link to an event — which took place on April 29 — featuring Dominik Schiener, co-founder of the Iota Foundation, and local authority holders delineating the scope of the partnership.
During the meeting, the speakers describe their visions of a system in which every transit system can interact with the same payment app and a single digital identity. The speakers also suggest that this solution can be realized with Iota’s distributed ledger technology. Schiener stated that the only way to obtain such a frictionless and open value exchange system is to have a common, widely adopted standard.
Also, in mid- April, Iota and internet of things (IoT) firm Evrythng announced a partnership to combine and apply their distributed ledger and IoT technologies to provide greater transparency for consumer goods supply chains.