The IOTA Foundation is currently in talks with the US government. The theme is to create a “vaccination passport” for COVID-19 that would be based on blockchain technology.
The IOTA Foundation wants to create a blockchain passport
Last Wednesday IOTA co-founder Dominik Schiener conducted an Ask Me Anything (AMA) session. He revealed during itthat the full beta of the Foundation’s Identity Protocol will be released soon. He said IOTA is also working on a COVID-19 vaccination passport.
– Our identity protocol is very close to the full BETA level. Vaccination passport [na COVID-19] is one of the topics we are currently working on. We are now talking to American actors, including the government [USA]. We will see what role IOTA can play on vaccination passports in the coming weeks – He said.
He emphasized that building relationships with large companies is, however, a long process.
– In the case of large companies, the innovation cycle differs from that of the cryptocurrency market, where everything changes almost every day. Companies are used to annual product cycles. Typically, the time from first contact to nondisclosure agreement is around six months – he explained.
IOTA wants to work with several large partners
The IOTA co-founder said the company changed its growth strategy last year. He wants to focus on working with a few large companies to develop his product more.
– Building relationships takes time. We want to continue working with business partners and a few companies that we know and believe these pilot projects can further increase IOTA awareness and adoption. That is why we are now very focused on working with Dell and working very closely with Zebra and many other entities that you do not know about yet. – added.
He also said what he thinks about the development of the IOTA token itself.
“ I think it’s good if one or two big companies announce they need IOTA tokens. This may affect other businesses. They will realize that acquiring IOTA tokens makes sense. IOTA is also a good investment in times of inflation – added.