Cartesi Partners with IOTA

The potential of DeFi, NFTs and Industrial IoT is now more accessible than ever before.

March 24, 2021 — 2021 is already becoming a landmark year for advances in DeFi (decentralized finance) and the adoption of cryptocurrencies, with pioneering uses of blockchain technology making more of an impact than ever before.

At Cartesi, our goal is to not only bridge the gap between mainstream software development and distributed ledger technologies for the millions of traditional software developers around the world; we also want to facilitate the global adoption of blockchain technology so that it can be utilized to benefit the lives of people everywhere.

This means joining forces with the world’s most innovative and respected founders and project teams, so we are therefore very happy to announce our most recent partnership with IOTA — a network built for exchanging value and data between humans and machines within the “Internet of Everything”.

IOTA + Cartesi: Bridging the gap between real-world applications and distributed ledger technology

Cartesi is excited to announce our formal partnership with IOTA, an organization committed to supporting the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle. With both organizations and communities working together, we hope to expand the user base of popular Decentralised Finance (DeFi) use cases such as Automated Market makers (AMMs), gaming, Non-Fungible Tokens (NFTs), and Oracles while strengthening IOTA’s ability to offer decentralized technologies to corporations and their technology stacks.

With Cartesi’s Linux-based virtual machine, IOTA Oracles, and IOTA Smart Contracts, the two groups will bring non-blockchain-based use cases and businesses into the world of decentralized finance (DeFi), Gaming, NFTs and industrial IoT.

This collaborative effort will yield results that are beneficial for several parties:

  1. Mainstream developers will have the ability to unlock the vast capability of smart contracts through the functionality and expressive power of Linux and the many software components that are supported by it; through the integration of the Cartesi Linux Virtual Machine as a custom VM for IOTA Smart Contracts (ISCP)

  2. Corporate servers and smart devices can also check data integrity and provenance and execute verifiable batch processings, via an integration of Cartesi’s computational oracle to IOTA Oracles.

Synthesizing future relationships between blockchain and non-blockchain based software developers

As two companies that share the same vision of unifying blockchain technology with real-world applications, this partnership represents a big step forward in the journey towards mainstream adoption of distributed technologies. With the combined participation of both Cartesi’s and IOTA’s communities, we hope to see new and exciting relationships emerge between developers; with more collaboration comes more innovation and, with the creation of more game-changing tools that can attract the attention of the traditional software development world, we expect this partnership to be the start of some great developments moving forward.

Erick de Moura, CEO at Cartesi said:

Cartesi was honored to receive its very first investment from Serguei Popov, who is our technical advisor and also co-author and friends with Augusto Teixeira. From the early days, Cartesi and IOTA have been exchanging thoughts and studying the best ways to collaborate. After several technical meetings over the last years, we see an integration path forward that will bring tremendous opportunities for DeFi, Gaming, NFT and industrial IoT.

Dominik Schiener, Co-Founder of IOTA said:

IOTA’s value proposition has always been to grow outside the traditional world of blockchain. Since the inception of the project, we have sought out partners and like-minded individuals who share this same vision for distributed ledger technology and decentralized applications. It is with this in mind that we are excited to announce our partnership with Cartesi, one of the leaders at the forefront of bridging the gap between blockchain and the traditional world. We look forward to having Cartesi’s VM running on ISCP as well as IOTA Oracles available to another popular blockchain ecosystem.

About IOTA

The IOTA Foundation is a global not-for-profit foundation incorporated and headquartered in Germany. The IOTA Foundation’s mission is to support the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle. The Foundation encourages the education and adoption of distributed ledger technologies through the creation of ecosystems and the standardization of these new protocols.

About Cartesi

Cartesi is taking smart contracts to the next level. It is a chain-agnostic layer-2 infrastructure, solving the pressing problem of scalability on the most important blockchains. Most notably, Cartesi implements a unique Linux-supporting VM, rollups and side-chains to revolutionize the way developers create blockchain applications, allowing them to use mainstream software components.

#Cartesi #defi #CryptoNewsPoint #IOTA #DigitalNotice

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