IOTA Foundation announced a new partnership with the Japanese government to provide DLT and AI solutions for infrastructure protection. NEDO (New Energy and Industrial Technology Development Organization) funds the new project.
“We’re proud to join the #japanese government on NEDO Project to protect critical infrastructure with #AI and #DLT. Read how #IOTA will help strengthen the security & durability of critical infrastructure in #Japan and abroad,” tweeted IOTA.
Blockchain Helping Infrastructure Protection
Infrastructures are very important for governments because of their effect on critical operations of the new world. Many governments have partnered with tech giants to protect their underlying systems, and some of them are working on more innovative solutions like DLT. Best Materia and IMC, Japanese maintenance-related companies, initiated a project – funded by NEDO – for this purpose, and IOTA is their new partner. The main goal of the new project focuses on technologies that can help Japan protect critical infrastructures.
The new partnership with a government-backed project is a step towards the main goals of the IOTA Foundation.
“Creating a decentralized, open-source, and free distributed ledger technology to ensure data integrity has always been our driving purpose. As a non-profit, we are honored to see the IOTA protocol being utilized to secure a wide variety of data points in this project. Digitalizing the RBM systems for safer and more efficient industrial plants is only one of many applications where IOTA will be used in the future.” said Holger Köther, Director of Partnerships, IOTA Foundation.
As a result of the new partnership, a cloud-based SaaS software will be developed. IOTA will provide a decentralized database for this service using its DLT. Using artificial intelligence in the protection phases is another goal of the new service. They will also try to digitize the infrastructure data and make it easier to share.
Artificial intelligence is essential in the new NEDO-funded project.
“Because of the aging problem in Japan, we seriously need the AI system supporting our business in place of retired RBM consultants. We expect that IOTA tangle will enable us to securely collect and store RBM-related data including sensitive plant information which is the key to the accuracy of the AI system.” Shigemitsu Kihara, CEO, Best Materia.
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