IOTA to Help Building Smart Cities in Europe

CityxChange, the smart city project, which will be representing the usefulness of IOTA within the smart city context in various cities across Europe, has got a thumbs up from the European Union commission evaluating the EU research and innovation programme Horizon 2020.

The smart city project had submitted a proposal to receive funding from the European Union’s Horizon 2020 research and innovation programme in the call for the topic ‘Smart cities and communities’.

“Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020)”, The project received really good comments and was placed above every other competing project. Being at the Numero Uno position, the consortium project will receive 20 million euros in funding by the European Research and Innovation programme Horizon 2020.
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