- IOTA is leading the way in the EU-funded ‘MISSION’ project, focusing on optimizing ship traffic and reducing port congestion.
- The project, involving a partnership with the University of Southern Denmark and other European entities, aims to tackle high fuel consumption and CO2 emissions in the shipping industry.
Last year, Crypto News Flash (CNF) reported on an interview highlighting IOTA’s technological advantages in sustainability and climate protection, particularly its Tangle and ecosystem. The recent updates regarding IOTA’s commitment to global sustainability issues demonstrate significant progress, as evidenced by their current partnership with the University of Southern Denmark (SDU).
Under the leadership of Julia Pahl, a lecturer at the Faculty of Engineering, SDU’s ambitious research project aims to tackle a major climate problem in the shipping industry.
The MISSION project (MaritIme juSt in time optimiSatION) is focused on developing a communication and logistics platform to optimize ship traffic. This initiative seeks to alleviate congestion outside ports, thereby reducing unnecessary high fuel consumption. The University of Southern Denmark spearheads the project, collaborating with 30 European partners, including universities, ports, shipping companies, and technology firms.
In a recent tweet, I expressed my appreciation for this bold effort by the team, emphasizing our journey towards a greener future.
Setting sail towards a greener future!
Exciting news! #IOTA is joining forces in the EU-funded project “MISSION” to revolutionize ship traffic optimization! Say goodbye to port queues and hello to eco-friendly voyages!
Kudos to @JensLundNielsen and the team!
… pic.twitter.com/zhxRMTpr5y
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) January 2, 2024
As noted in the project descriptions, shipping congestion is a major issue, leading to high fuel consumption and increased CO2 emissions. Supported by a nearly 56 million Danish kroner grant from the EU, this international research project, in partnership with entities like DFDS, Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, and various European ports, seeks a solution.
The IOTA initiative mirrors other sustainability-focused cryptocurrencies, such as VeChain. Previous CNF reported current VeChain partnership with Mercedes Benz to advance CO2 neutrality. Despite a stagnant VET price, these collaborations show the industry’s commitment to environmental sustainability.
The IOTA token, currently priced at 0.3103, has seen an increase of 1.95% in the last 24 hours and 11.13% over the past week. This trend suggests a potential surge in value, bolstered by IOTA’s involvement in the EU-funded ‘MISSION’ Project.
