IOTA Has Issued Grants To Three Open-source Projects - IOTA News. Saturday, October 6th
IOTA has issued grants to three open-source projects
About $354,000 USD were allocated for this second cohort of grantees
The IOTA Foundation, via its granting program called Ecosystem Development Fund, is supporting three open-source projects to be developed on its network, according to an announcement via its official blog.
“We are proud to announce another cohort of fantastic open-source projects the Ecosystem Development Fund will support for a total of $354,000 USD,” reads the publication.
As stated above, three open-source projects for the Tangle were selected for this second granting program. The first one is called Untangle Care, and its main goal is to develop IOTA-based tools to enable the exchange of healthcare data between healthcare institutions and patients, in a seamless, secure and faster way. André Fialho, Co-Founder and CEO of the project, stated that with the support of IOTA, they can make these tools open source and useful for the whole IOTA community.
The project was funded with $234,000 USD.
Next grantee was Bytes.io a P2P Internet access system that aims to provide a way for users and machines to sell the excess of bandwidth they happen to have, to other that may need it and are within a certain radius for connecting their devices, in an automated way. By using the IOTA tokens to pay for the extra bandwidth, a buyer can have access to the internet, i.e. on a bus ride from the airport to their destination.
Bytes.io Founder Sam Martinet commented “We are honored to partner with IOTA. IOTA Foundation’s support comes at a critical time for us and will enable us to boost our development activities.” The project received $70,000 USD from this grant program.
Lastly, the IOTA Industrial Lab Aachen (IILA) eyes to become a laboratory for research in several technological subject matters, such as Artificial Intelligence (AI), Machine-to-Machine communication, Distributed Ledger Technologies and Internet of Things. “With the support of the IOTA Foundation we can set the first and most important groundwork in this development,” Founder of the Industrial IOTA Lab Aachen, Dr. Daniel Trauth, said.
The remaining $50,000 USD were allocated for this project.
The Ecosystem Development Fund is a granting program maintained with donations given by members of the IOTA community, in order to support those developers working to improve the entire IOTA ecosystem. The first cohort of grantees were announced on August 15th, and $64,900 were allocated back then.
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