IOTA joins Austrian uni for blockchain research lab

​IOTA Foundation,  the nonprofit organization behind distributer ledger IOTA, announced that it has joined Austria's newly established Christian Doppler Laboratory (CDL) as an industrial partner.

According to the official announcement, the laboratory is housed at the Vienna University of technology and named the CDL Blockchain Technologies for the Internet of Things (CDL-BOT). The multi-blockchain token system Pantos also joined the Government-backed laboratory as an industrial partner.

The laboratory was officially opened in a digital ceremony on Nov. 26 by Austrian Federal Minister for Digital and Economic Affairs Margarethe Schramböck. It will focus on research and development in public and private partnerships between institutions and businesses aiming to provide highly advanced research on Distributed Ledger Technologies (DLTs). Higher management of IOTA and Pantos also joined the digital event.

“The CDL-BOT is a long-term research project expected to run for seven years, employing several postdoctoral and doctoral students under the supervision of Prof. Stefan Schulte. For the IOTA Foundation, the setup of this project is uniquely geared not only to expand research on the IOTA Tangle and its applications in the Internet of Things itself but also to look beyond the IOTA protocol in order to further expand the European DLT ecosystem,” IOTA Foundation mentioned in the press release.