RATE Group | IOTA rises 10% on Dell and Linux partnerships
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IOTA rises 10% on Dell and Linux partnerships

29 Oct IOTA rises 10% on Dell and Linux partnerships

Posted at 18:03h in Cryptocurrency News by

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The IOTA cryptocurrency rose nearly 10 percent yesterday, following the news that the Internet of Things (IoT) protocol will be teaming up with computing giant Dell and the open-source focused Linux Foundation on a new project to improve the trustworthiness of data.

The new project, called Alvarium (Latin for “beehive”), is aimed at creating intrinsic trust across exceedingly diverse systems. By using blockchain technology (specifically, a distributed acrylic graph) and a data rating system—known as Data Confidence Fabrics—the project aims to provide a way of ensuring that certain data, once generated from a variety of sources, is known to be accurate.

“Project Alvarium will completely redefine the way we view data and transparency, as well as improve the way every single industry handles privacy,” said Jason Shepherd, Edge and IoT CTO at Dell Technologies, in a blog post.

Earlier this month, IOTA and the Linux Foundation announced that they were partnering as part of…

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