IOTA selected by Tokyo Metropolitan Government Program

Tokyo Metropolitan Government Program aimed to IOTA get established in Japan and connect with local companies 
22 December 2017   1309

IOTA, a crypto currency start-up, announced that the Tokyo Metropolitan Government had chosen it to participate in its Blockchain Business Camp Tokyo program, aimed at helping development companies that work with blocking technology.

The program will last 2 months. At this time, several mitapes and events will be organized, which will help IOTA settle in Japan.

With the rapid growth of IOTA in Asia and the increasing interest of Asian companies to work with IOTA, we think that this is a unique opportunity for the Foundation to setup a dedicated, staffed office in Tokyo with support from the government and start working with the local ecosystem. Several of the Founders and Core Developers will frequent Japan during the program and the Foundation will setup several Meetups and Events to help kickstart IOTA’s growth in the Japanese community.

Dominik Schiener

Co-Founder, IOTA

5 companies registered outside of Japan can take part in the government program. Their products will be promoted in the country, including through a digital information system used at Shinjuku stations in the center of Tokyo. In addition, if the company decides to continue working in Japan after the end of the program, the government promises to support it in the future.

Jaguar Land Rover to Partner With IOTA

As their ultimate goal, developers call the reduction of accidents and traffic congestion; these news had great impact on token's price
29 April 2019   332

The largest British automaker Jaguar Land Rover has started testing smart contracts based on the IOTA blockchain. According to Reuters, the program being developed is a smart wallet embedded in cars.

The new service will allow participants to receive IOTA tokens for providing information about road congestion and road pavement status, as well as for participating in the ridesharing program. Subsequently, drivers will be able to spend them on paying for parking or charging electric cars.

As their ultimate goal, developers call the reduction of accidents and traffic congestion.

It is known that this technology will be used in Jaguar F-PACE and Range Rover Velar. The launch date of the software for the mass consumer is unknown.

IOTA 24h Price Chart
IOTA 24h Price Chart

These news had great impact on the IOTA price. It rose for almost 14% in 24 hours and is being traded around $0.3.