Cryptocurrency start-up IOTA has clarified that it has no formal partnership with Microsoft, despite an announcement in November that they'd teamed up to launch a publicly accessible data marketplace for the internet of things (IoT). IOTA said Microsoft's involvement is as a participant, not a partner. The company announced its plans last month at TechCrunch Disrupt, and since then it's been working on building out a platform where developers can build IoT applications using IOTA's blockchain technology.
Cryptocurrency start-up IOTA has clarified that it has no formal partnership with Microsoft, despite an announcement in November that they'd teamed up to launch a publicly accessible data marketplace for the internet of things (IoT). IOTA said Microsoft's involvement is as a participant, not a partner. However, the two companies are reportedly working together on a range of innovation exercises with IOTA's Tangle distributed ledger tech.