IOTA foundation snap up Fujitsu executive

The IOTA Foundation has taken on board another high profile individual in the form of  Dr. Rolf Werner, Head of Central Europe at Fujitsu.

In a blog post, executives said Werner’s “unmatched enthusiasm and drive” would help “great value for the IOTA project as it continues to cement it’s leading role in the DLT space.”

As Chairman of the Managing Board of Fujitsu Technology Solutions, Werner is now the second high profile individual to be brought into the IOTA Foundation.

January 2018, saw the welcoming of Volkswagen’s Chief Digital Officer Johann Jungwirth to its advisory board.

IOTA’s central offering is Tangle, which is described as: “The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees.”

Werner shared his excitement: “The possibilities of decentralized and secured applications based on IOTA Tangle as a Distributed Ledger Technology are immense.

“They go far beyond machine-to-machine payment and include, for example, tamper-proof monitoring of the supply chain and secure identity management, just to name a few.”

Fujitsu also opened up a blockchain innovation center and and according to the company they also intend on investing heavily in smart cities as they believe by 2050 the population will increase by 2.5 billion.

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