IOTA is taking the lead in the ‘MISSION’ project, which is funded by the EU and focuses on optimizing ship traffic and reducing congestion in ports. The project, a collaboration with the University of Southern Denmark and other European entities, aims to address the high fuel consumption and CO2 emissions in the shipping industry.
Last year, Crypto News Flash (CNF) featured an interview that highlighted IOTA’s technological advantages in sustainability and climate protection, particularly its Tangle and ecosystem. The recent updates on IOTA’s commitment to global sustainability issues show significant progress, as evidenced by their partnership with the University of Southern Denmark.
Under the guidance of Julia Pahl, a lecturer at the Faculty of Engineering, the University of Southern Denmark is leading an ambitious research project to tackle a major climate issue in the shipping industry. The MISSION project (MaritIme juSt in time optimiSatION) aims to develop a communication and logistics platform to optimize ship traffic. The goal is to reduce congestion outside ports, which will lead to a decrease in unnecessary fuel consumption. The project involves collaboration with 30 European partners, including universities, ports, shipping companies, and technology firms.
In a recent tweet, I expressed my appreciation for the team’s bold effort, emphasizing our journey towards a greener future. IOTA is joining forces with the EU-funded project “MISSION” to revolutionize ship traffic optimization. The aim is to eliminate port queues and promote eco-friendly voyages.
Shipping congestion is a significant problem that results in high fuel consumption and increased CO2 emissions. With the support of a nearly 56 million Danish kroner grant from the EU, this international research project, in collaboration with entities like DFDS, Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, and various European ports, aims to find a solution.
The IOTA initiative aligns with other sustainability-focused cryptocurrencies, such as VeChain, which recently partnered with Mercedes Benz to advance CO2 neutrality, as previously reported by CNF. Despite a stagnant VET price, these collaborations demonstrate the industry’s commitment to environmental sustainability.
The IOTA token currently has a price of 0.3103 and has seen a 1.95% increase in the last 24 hours and an 11.13% increase over the past week. This upward trend suggests a potential surge in value, driven by IOTA’s involvement in the EU-funded ‘MISSION’ Project.