Ronchaiwan
February 13, 2025 22:08
IOTA Foundation introduces new initiatives to support businesses in the development of real-world applications with IOTA Revased Mainnet, providing funding and resources for innovative projects.
The IOTA Foundation has announced its latest initiative, the IOTA Business Innovation program. According to the IOTA Foundation Blog, the program, led by the product adoption division, offers funding up to 100,000 euros, along with technology, marketing and strategic support.
Enhance the power of real-world solutions
The program is designed to attract businesses at every stage of development, focusing on applications that address specific challenges in areas such as tokenization, decentralized identity, and supply chain tracking. . Successful applicants will work closely with the IOTA Foundation to set milestones before deploying the solution to the upgraded mainnet.
Promise of distributed ledger technology
IOTA envisions unpublished and unauthorized distributed ledger technology (DLT) as a transformative tool to address real-world problems. Future IOTA Revased upgrades are set to enhance mainnet functionality, stability and scalability, allowing innovators to tackle challenges such as privacy and regulatory compliance more effectively.
Program Standards and Opportunities
Projects applied to the IOTA Business Innovation Program must demonstrate measurable activities on the IOTA mainnet and showcase technical and domain expertise. The program specifically seeks solutions to create on-chain assets linked to real-world counterparts, highlighting the specific impact.
Examples of potential applications include supply chain tracking, digital product passports, identity management, data integrity, and tokenization of real-world assets. The program excludes projects focused on speculative tokens or financial mechanisms without actual integration.
Comprehensive support for innovators
In addition to financial assistance, the program provides access to core protocol features, SDKs, documentation, consulting and marketing resources. This support is intended to effectively utilize IOTA Rebased Mainnet, maximize its impact and strengthen projects that ensure sustainable growth.
Application Process
Companies interested in participating must outline their goals and submit proposals to collaborate with the IOTA mission. The application process includes an initial meeting, a detailed pitch presentation, and a due diligence form. Successful applicants will work with IOTA to define clear milestones and begin building on the mainnet.
Through this initiative, IOTA seeks to demonstrate the practical, scalable and industrial-ready nature of public DLTs, and invites innovators to join a global community dedicated to transforming their industry through decentralized technology.
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