In a recent interview, Dominik Schiener, co-founder of the IOTA Foundation, discussed the future of IOTA in the Web3 space and the development of IOTA 2.0. Schiener emphasized the importance of real-world applications of blockchain and the need for tangible value instead of short-term profit schemes. The IOTA Foundation is committed to real-world asset tokenization, which could revolutionize sectors like trade finance by providing liquidity and transparency. Schiener also discussed the removal of the "Coordinator" in IOTA's consensus mechanism, shifting to a "proof of authority" model for a more decentralized future. He provided updates on IOTA's achievements in DeFi and highlighted the importance of creating new utilities for the IOTA token. The Foundation is also focused on tokenizing real-world assets, such as real estate and government bonds, to bring more efficiency to traditional finance systems. Schiener mentioned IOTA's partnership with governments and businesses, particularly in trade logistics, and mentioned their work with the Kenyan government on a transparent supply chain project. Despite the slower progress in the blockchain space, Schiener remains optimistic and committed to developing real-world use cases for IOTA.



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