Thursday, November 21, 2024
Home > News > Bitcoin News > Imperial College London launches new lab, backed by £1 million from the IOTA Foundation

Imperial College London launches new lab, backed by £1 million from the IOTA Foundation

The facility is advancing bias-free AI algorithms, circularity in industrial robots and electric vehicles, battery product passports, predictive analytic tools for detecting pollution off-shoring, and more.

The IOTA Foundation just announced the inauguration of a new research facility, the Imperial IOTA Infrastructures Lab (I3-Lab), at Imperial College London. 

The lab is well-positioned to lead research thanks to a generous £1 million endowment from the IOTA Foundation and additional funding from Imperial College London.

The facility aims to advance bias-free AI algorithms, circularity in industrial robots and electric vehicles, battery product passports, and predictive analytics for detecting pollution off-shoring.

Their approach will accelerate the application of scientific discoveries into practical solutions, focusing particularly on advancing Distributed Ledger Technology (DLT) within Web3 applications and digital economies.

Central to its mission, the I3-Lab will integrate DLT into the circular economy framework, hosting an incubator for sustainable business models and digital tools based on servitization. These initiatives aim to foster resource-efficient economic growth and promote shared access to goods and services. 

The lab’s purpose

The lab is led by Dr. William Sanders and comprises a team of 25, including PhD students and senior researchers, collaborating closely with IOTA’s Applied Research Team.

The laboratory is dedicated to addressing worldwide issues such as climate change by developing advanced technological solutions. It also establishes a model for cooperative research where academia and industry intersect.

The lab has secured grants for pioneering projects like Autofair and iCircular3, which target bias-free AI algorithms and enhance circularity in industrial sectors, respectively.

Source