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💥How IOTA can support the climate and financial system change worldwide💥
November 11, 2022
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  • IOTA and Dell will work to address the trust issues revolving around data transparency in climate control.
  • As part of Project Alvarium, they built integrated digital measurement, reporting, and verification (MRV).

The IOTA network is one of the leading blockchain platforms when it comes to green climate contribution. Its DAG-based distributed ledger ensures very low energy consumption with very high transaction throughput.

In the latest development, IOTA has partnered with Dell Technologies to track carbon footprints in real time. This partnership aims at combating climate change and building a data-driven ecosystem to track carbon footprints. Along with Dell, the two other partners in this initiative are ClimateCHECK, and BioE.

Dubbed Project Alvarium, it will seek to build trust issues in climate control based on data-driven decisions. With this partnership, Dell Technologies also plans to further its Data Confidence Fabric technology first conceptualized three years back in 2019. Speaking on the development, Steve Todd, Fellow at Dell Technologies said:

The importance of data transparency is integral to how organizations in every industry move forward. Data confidence is needed to manage data at scale, creating systems of trust in this data, so users at all levels understand the terms of use. Project Alvarium will create this transparency. The more companies that integrate it into their processes and systems, the closer we’ll come to a future without data ambiguity.

IOTA’s involvement as the provider of distributed ledger technologies in different use cases has been significant. As data loads increase, the IOTA blockchain facilitates blockchain-based automated decision-making while establishing the trustworthiness of the recorded data regarding climate change.

More about project Alvarium

Project Alvarium seeks to create a measurable way of evaluating the reliability of data by using the power of blockchain. The system will log every step in the journey of each data point from an edge, or IoT device sensor, to a router, to an edge server, and to the cloud. As per the industry-specific requirements, each interaction will get a trust-rating score.

To ensure integrity and prevent any kind of data tampering, these cores will be logged onto IOTA’s native Tangle technology. Mathew Yarger, Head of Smart Mobility explained that the existing workplaces have turned inefficient in incentivizing carbon exchanges. As a result, several companies also misreport their emissions. Explaining further, Yarger said:

We’ve seen it in energy production facilities, where they’ll say, “Oh, we’ve reduced our emissions output by this much. But once you can actually go through an audit that process, you figure out those numbers are about 50% off.

This happens pretty commonly in the industry, and it’s been a hard problem to address. But by having a high level of data transparency, you can start to have a compliance-as-a-service mechanism to ensure that what’s being reported is actually factual,

Addressing data transparency issues with Project Alvarium

All four companies involved in Project Alvarium have built integrated digital measurement, reporting, and verification (MRV). This digital MRV will pick up data from sensors and other manual inputs.

IOTA believes that similar technology could be applicable to a wide range of use cases. Recently Japanese multinational Toshiba shared an idea of P2P energy trading over the IOTA blockchain

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The future of Crypto x AI is about to go crazy.

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👉 What this means for the future of Crypto:

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Pyth 🤝 Hyperliquid

The HIP-3 Ecosystem Map:

Full report and projection of year one HIP-3 volumes dropping tomorrow on @MessariCrypto

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

This Eternal Now has always been our body’s Field of Contention.

The Aliens is here, in our Eternal Now.

Our common, shared, reality that we all continuously co-create now has Aliens.

It’s getting very complex in here.

Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

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YOU know this to be fact. You are a co-creator.

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Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

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Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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