World Mobile & IOG...
Description
World Mobile and Input Output Global (IOG) have been working together to bridge the digital divide and bring increased connectivity to people through blockchain technology. IOG has recently announced its new sidechains project that enhances scalability and potential for blockchain technology, which World Mobile is collaborating on by integrating the World Mobile Chain as a Cardano sidechain. The shared goal is to bridge a permissioned solution built on Cosmos' SDK with Cardano’s public mainnet to revolutionize the digital landscape and meet the requirements of the regulated telecommunications industry while separating public from private data through a highly scalable architecture.
Over the course of the past 36 months, World Mobile and Input Output Global (IOG) have been working in close cooperation, leveraging blockchain technology to bridge the digital divide and bring increased connectivity to the masses. In a recent update from IOG, the company revealed its new sidechains project, an innovative toolkit designed to enhance scalability and introduce a new era of potential for blockchain technology. This novel toolkit empowers ecosystems to expand their reach through purpose-built solutions, while concurrently benefiting from the security that the Cardano blockchain provides, as well as its validator network for those sidechains that elect to build atop Cardano.
As part of this ambitious project, World Mobile is proud to announce that they will be extending their collaboration with IOG by working closely with the sidechains project team to completely integrate the purpose-built World Mobile Chain using Tendermint as a Cardano sidechain - an endeavor that World Mobile has been spearheading for the past several months. Through this technological initiative, the shared goal is to bridge a permissioned solution built on Cosmos' SDK with Cardano’s public mainnet. This, in turn, introduces a range of new possibilities for interoperability between the Cosmos and Cardano ecosystems, which are set to revolutionize the digital landscape for years to come.
World Mobile has always maintained a steadfast commitment to realizing a future of interconnectivity between multiple chains - an "internet of blockchains," so to speak. By using Cardano as a financial settlement layer, in conjunction with an interoperable permissioned sidechain, World Mobile will be able to meet the stringent requirements of the regulated telecommunications industry, while simultaneously separating public from private data through a highly scalable architecture. This landmark announcement marks a pivotal moment in the development of World Mobile Chain, as well as the ever-growing collaboration between World Mobile and IOG, as they work to expand connectivity to users worldwide and lay the groundwork for IOG’s expanding ecosystem of products as the company rolls out its sidechains toolkit.
