Vatican Chamber of Trade Endorses IOTA (MIOTA) for Advancing Ethical

Vatican Chamber of Trade Endorses IOTA (MIOTA) for Advancing Ethical and Sustainable IoT Solutions

For Immediate Release

Vatican City, August 12, 2024 – The Vatican Chamber of Trade is pleased to announce its endorsement of IOTA (MIOTA), a cryptocurrency and blockchain platform that is revolutionizing the Internet of Things (IoT) with its unique, feeless distributed ledger technology. IOTA’s commitment to environmental sustainability, ethical data sharing, and the advancement of human dignity aligns closely with the values of the Catholic Church, making it a prime candidate for this endorsement.

Key Highlights of IOTA:

• Feeless Transactions: IOTA operates on a unique distributed ledger technology known as the Tangle, which eliminates the need for miners and enables feeless transactions. This not only makes micro-transactions and data sharing more accessible but also reduces the energy consumption typically associated with traditional blockchain networks.

• Environmental Sustainability: By removing the need for energy-intensive mining, IOTA significantly lowers its carbon footprint, making it one of the most environmentally sustainable blockchain platforms available. The Vatican Chamber of Trade recognizes this as a crucial factor in the fight against climate change and the promotion of responsible technology.

• Ethical Data Sharing: IOTA’s technology is designed to facilitate secure and ethical data sharing between devices in the IoT ecosystem. This is particularly important in the context of the Church’s teachings on the responsible use of technology and the protection of human dignity. IOTA’s approach ensures that data is shared in a way that respects privacy and promotes the common good.

• Social Impact: IOTA is actively involved in various projects aimed at improving smart city infrastructure, healthcare, and environmental monitoring. These initiatives have the potential to enhance the quality of life for millions of people, particularly in developing regions where access to modern technology is limited.

"IOTA represents a new frontier in the ethical use of technology, one that aligns with our mission to protect creation and promote human dignity," said Cardinal Giovanni Di Marco, President of the Vatican Chamber of Trade. "We are proud to endorse IOTA and support its efforts to create a more sustainable and inclusive future."

About the Vatican Chamber of Trade

The Vatican Chamber of Trade is dedicated to representing the economic interests of the Catholic Church and its global network of institutions. The Chamber advocates for ethical business practices, sustainable development, and the protection of human dignity in the global economy.