IOTA Foundation published details on partnerships with Crypto Finance AG

The IOTA Foundation published a blog post about strengthening partnerships with industrial partners, especially Crypto Finance AG. The partnerships are on the verge of a Chrysalis update, which will be the most important upgrade in IOTA history.

The nature of Chrysalis and the upcoming Coordicide upgrade is to make IOTA an enterprise-grade blockchain. As a result, IOTA is expanding partnerships with various organizations that can help the blockchain bring new services to more companies.

IOTA is becoming an enterprise blockchain

Supporting business needs is an important step for blockchains that focus on larger user bases. The IOTA community has been busy improving and expanding the blockchain over the past year in order to become entrepreneurial. Many new features and services should be added to the blockchain to meet these needs.

New test networks and major upgrades like Chrysalis are strategic steps towards this goal. Another part of this journey is partnerships that help IOTA reach bigger customers and ultimately provide services to more people. Crypto Finance AG is one of those strategic partners who support IOTA in achieving the end goal.

According to the IOTA Foundation, the blockchain is now ready to provide the decentralized infrastructure for various industry requirements. In the last release, the Foundation team says that many industry solutions are in the development phase to prepare for IOTA. The solutions come from a variety of sectors, from automotive and mobility to e-health and digital identity to smart energy sectors and the supply chain.

Crypto Finance AG started a partnership with the IOTA Foundation in 2019. The two teams worked together sharing ideas and needs. According to the latest post by IOTA Foundation::

“The Crypto Finance Group was the world’s first professional IOTA token storage provider to meet the needs of financial intermediaries and partners in various industries. Our collaboration enables private and public investors, institutional investors and beneficiaries to securely manage access to their IOTA tokens. Thanks to the financial services of the Crypto Finance Group, leading companies working with the IOTA token can now meet their institutional and compliance requirements. “

As mentioned above, the crucial need for Crypto Finance AG is a storage solution for their partners. Crypto Storage AG, a subsidiary of Crypto Finance AG, works closely with IOTA to find the best solutions for customers.

The team believes Chrysalis will surely help IOTA provide improved storage solutions. These type of partnerships help the IOTA community to work more closely with industrial players and get feedback from them on the way to an enterprise-grade blockchain.

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