This article was first published on Stories by IOS Foundation on Medium
Earlier this month, the IOST Foundation released our Back To The Moon Plan which proposes numerous upgrades to the IOST Mainnet. With this in mind, one of the key areas of upgrade is to develop cross-chain interoperability solutions that can allow stable transfers of assets and values from other blockchains to IOST.
This will benefit IOST and our entire ecosystem if we are able to drive net inflows of digital assets with tangible and real value from other blockchains can be seamlessly brought over to exist as assets on IOST.
IOST Forges Innovation Partnership With IMDA, The Government Body Regulating Infocomm and Media In Singapore
It has always been the Foundation’s policy to work closely with government agencies and regulatory bodies to develop real-world solutions and intellectual property that drives technological innovation.
In Singapore, IOST has been working closely with the Infocomm Media Development Authority (IMDA) to leverage their network in developing a seamless data bridge for IOST where information, transactions and asset values can be easily transferred between IOST and Ethereum. This interoperability solution is expected to expand to other blockchains such as EOS, Stellar, Tron and more in the next phase of development.
We are happy to share that this will be done via the Open Innovation Platform (OIP), which is oversee and backed by IMDA, that connects directly with of over 3,000 top-quality problem solver teams.
For this Innovation Call, IMDA supports IOST and other top global MNCs such as Nippon Koei, Infineon Technologies and YCH Group in developing progressive, cutting edge technology. Other notable global firms in past Innovation Calls include BMW, Ubisoft, Singapore Airlines, DHL, Sompo Insurance and Procter and Gamble.
This Open Innovation Platform is powered by KPMG Digital Village, which is also working closely with the IOST Foundation in advancing the development of blockchain technology.
Close Collaboration ...
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Stories by IOS Foundation on Medium