IOTA, Dell and Intel unveil new project Alvarium
IOTA (MIOTA) is cooperating with Dell Technologies and Intel. The joint project „Alvarium“ aims to measure the trustworthiness of data, thereby ensuring error-free communication of smart contracts.
IOTA has been making headlines again and again lately. This has also been Bitcoin Optimizer reflected in the price of MIOTA. Now, the Iota Foundation has unveiled a new project in a press release published on 11 February.
Another big step towards #datasecurity in #ProjectAlvarium!
Together with Dell Technologies and Intel, we’re thrilled to introduce the world-first demonstration measuring the trustworthiness of data. https://t.co/CnLKHHN9rp#IOTA #Oracles @delltech @intel
– IOTA (@iotatoken) February 11, 2021
Today’s industries are increasingly relying on automated decision-making systems to make decisions based on vast amounts of data for many critical decisions. At a time when data volumes are growing enormously worldwide, it is becoming increasingly important for companies to ensure the verifiability of the data they analyse.
Therefore, above all, trustworthy data that automated decision-making systems can rely on is extremely important. The Alvarium project therefore offers the possibility on IOTA to evaluate trust in data. This gives decentralised applications (dApps), for example, the opportunity to recognise for themselves which data is reliable – and which is not.
IOTA and Dell team up with Intel
IOTA and Dell also want to cooperate with Intel to make Alvarium a reality and win new customers for themselves. Furthermore, the press release reveals that Dominik Schiener, co-founder of the IOTA Foundation, considers Alvarium to be extremely important for the future of the Internet of Things (IoT):
We are coming to a convergence of technologies and a growth in data usage, but for this to succeed on a large scale, we need to be able to trust the data we use.
The IOTA Foundation, Dell and Intel plan to introduce Alvarium in a public webinar on 24 February and provide more specific details about the project.