The IOTA (MIOTA) Foundation has earmarked clos to $200,000 for a university research involving a professor. The foundation today announced that Professor Robert Shorten, a newly appointed member of IOTA Research Advisory Council, is the beneficiary of the extensive research grant geared towards funding academic researchers’ work on the IOTA Tangle.
The grant which is expected to fund the research for three-year, features three years funding for a full-time Ph.D. student and 18 months for a Postdoctoral researcher. The two section will receive €92,000 and (€81,000) respectively. The grant is to cover travel, open-access publication expenses.
The grant also covers the expenses for realizing several demonstrations and prototypes for three years.
“We are delighted to have his expertise and input on various issues, including fundamental properties of the IOTA DAG data structure, attack vulnerabilities of the IOTA DAG data structure, ensuring fast validation times, and the preservation of user privacy,” IOTA said in a release.
The research is mainly going to focus and solve compliance problems in Smart Cities.
It also focuses on designing certain types of cyber-physical systems.
“The research covers both theoretical and practical aspects of the IOTA Tangle that are important in designing such systems.”
Meanwhile, the IOTA Research Department is at present accepting applications for research grant through the set aside Ecosystem Development Fund.
IOTA (MIOTA) Price
The crypto winter has affected IOTA (MIOTA) a lot, the same way it is affecting nearly all digital assets.
IOTA (MIOTA) has seen over 3% price upsurge in the last 24hours. The digital asset is changing hands at $0.296317 with a market cap of over $823 million and a 24hr trading volume of $17 million.
IOTA is referenced as the king of IoT with its enormous use cases centered on revolutionizing the Internet world.