IOTA ranks 5th and drives compliance adoption worldwide

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IOTA remains a highly functional, growth-oriented, enterprise-grade DLT development platform. The protocol has deep roots with INATBA which strives to bring about thoughtful reforms with social impact when it comes to blockchain protocols.

The IOTA Foundation, the non-profit startup behind the development and maintenance of the IOTA Distributed Ledger technology, has held the spotlight in developing highly specialized use cases for blockchain over the past past year. While the previous year was marked by a number of upheavals ranging from bankruptcies to regulatory constraints, IOTA has taken the reins of business to focus more on initiatives that can help promote the general prospects of the new technology. .

According to its GitHub activities, the IOTA protocol is ranked as the 5th largest protocol when it comes to development activities. DLT is only ranked below Cardano (ADA), Polkadot (DOT) and Kusama (KSM), Status (SNT) and Ethereum (ETH) as the most important blockchain protocol.

GitHub daily development activity:

#1: 894 Cardano#2: 790 Polkadot / Kusama#3: 597 Status#4: 511 Ethereum#5: 507 IOTA#6: 485 Internet Computer#7: 471 ChainLink#8: 435 Vega Protocol#9: 413 Decentraland# 10: 399 Filecoins pic.twitter.com/znlGPi18ce

— Proof of GitHub (@ProofofGitHub) February 16, 2023

While the IOTA protocol has made a name for itself when it comes to its development efforts, it is also a founding member and prominent participant of the International Association for Trusted Blockchain Applications (INATBA). While INATBA is focused on bringing together policy makers and regulators with blockchain startups to create viable solutions to critical social challenges and thereby fuel the growth and adoption of emerging technology.

The role of IOTA with INATBA

As a founding member of INATBA, IOTA played a vital role in some of the organization’s most important initiatives in 2022.

INATBA has a number of active working groups, including the Social Impact and Sustainability Working Group (SISWG), Privacy Working Group (PWG), and Finance Working Group (FWG). ). These working groups are responsible for making research and discoveries to promote the fundamental objectives of INATBA.

The IOTA Foundation has been a prominent contributor to the work of the SISWG over the past year. The working group, under the leadership of Mariana de la Roche, Senior Regulatory Affairs Expert at IOTA, has dedicated its resources to uncovering the challenges and opportunities facing blockchain protocols with respect to the impact social.

In its Blockchain for Social Impact report published last year, the group gave a comprehensive definition of what social impact is. Here is the given definition of social impact;

Any measurable result, intended or unintended, of actions taken (or resulting from such actions) by individuals in the private or public sector that positively affects the cultural and socio-economic environment of other individuals and communities.

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The group also worked on creating metrics for blockchain startups to measure their social impact alignment. The working group and others defined the work that was done in the last year, and the summary of these can be viewed via this blog here.

Are you interested in learning more about the collaboration between @INATBA_org and @iota in 2022?

Click here for a full summary: https://t.co/FGZlyOyWy9#INATBA #dlt #blockchain

— INATBA (@INATBA_org) February 16, 2023

IOTA and the adoption of the MiCA regulation

The tripartite body of the European Commission (EC), the European Parliament, and the European Union has agreed on the much-sought regulation in Crypto Asset Markets (MiCA) for the crypto ecosystem.

Along with its unique growth initiatives, the IOTA Foundation has aligned with these regulatory calls and is doing everything possible to educate every member of the crypto community. More details can be found by following the link in the tweet.

[ICYMI] Crypto regulations will affect everyone in the industry. Here’s what you need to know about the EU’s #MiCAR, #GDPR and #NFT regulatory framework.

Don’t miss the next Expert Discussion on Crypto Regulation on March 1st at 6pm on Discord! #IOTAhttps://t.co/xBgCuiupM9

No spam, no lies, only ideas. You can unsubscribe at any time.

— IOTA (@iota) February 16, 2023

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