The Industrial Internet Consortium (IIC) and the Trusted IoT Alliance (TIoTA) are combining their memberships.
The organizations will now work under the IIC umbrella in an effort to drive industry collaboration, research, foster open systems development and promote best practices for trusted IoT systems such as blockchain and related distributed ledger technologies (DLT). The first formal meeting of the combined organization will be in Athens, Greece, March 9-12.
“Over its two-year lifespan, TIoTA has impacted the intersection of DLT and IoT, while in its five years, the IIC has established major influence in IoT across industries,” said Csilla Zsigri, senior analyst, blockchain & DLT at 451 Research.
“This consolidation will strengthen the ability of the IIC to provide guidance and advance best practices on the uses of distributed ledger technology across industries, and boost the commercialization of these products and services,” Zsigri said.
“TIoTA has built a community of technology leaders focused on bringing blockchain/DLT solutions to market,” said John Calian, head of Telekom Innovation Laboratories (T-Labs), an enterprise member of TIoTA. “This community is focused on leveraging the power of blockchain/DLT and the concept of decentralized trust to achieve greater security, scalability, and interoperability within existing and future IoT ecosystems. This direction will help the IIC continue its market momentum.”
“We are excited to take this step toward integrating TIoTA with IIC and continuing to accelerate our momentum together,” said Anoop Nannra, founder and chairman of TIoTA. “As an IIC liaison, we have already partnered with IIC on some of our Trusted IoT Global Design Challenges, our Trusted IoT Reference Architecture working group, and other initiatives.
“We welcome the trusted systems expertise that TIoTA brings to IIC,” said IIC Executive Director Richard Soley. “Since IIC began in 2014, the use cases for distributed ledger technology have grown exponentially. The combined organization will offer a single stop for IoT industry guidance and a larger ecosystem for end users looking to improve their bottom line with IoT and DLT. This will enable the Consortium to become the center of gravity for the future of Industrial IoT systems across industry verticals.”