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IOTA [MIOTA] Foundation welcomes Schindler’s executive member as an advisor

Rajath Kumar

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IOTA [MIOTA] Foundation enters into an alliance with Schindler`
Source: The Blue Diamond Gallery


IOTA Foundation recently hired Michael Nilles as its new advisor to focus on the building the industry further.

Michael Nilles is an advocate and an early adopter of the Industrial Internet who has been on the learning curve of deploying smart, connected and data-driven capabilities.

The IOTA Foundation is located in Germany and is a formal, non-profit organization. The founders designed IOTA to be an open-source, free to use and led by an independent and neutral non-profit entity that would bring government and industries together.

Schindler manufactures, installs, services, and modernizes elevators, escalators, and moving. Their products are found in every type of building. It operates in over a thousand branch offices and has branches in over 100 countries. They have facilities in China, United States, Brazil, Spain, India, and China.

On March 20th, the Schindler Holdings held its Annual General Meeting of Shareholders, where Nilles was successfully elected as a new member of the Board of Directors; which was initially proposed in January of last year. Nilles also became a member of the Board’s supervisory and Strategy committee. Nilles will have a main influential voice on how Schindler’s digital strategy will work at the loT-activities.

There is a lot of speculation that Nilles was planning a future collaboration between the IOTA foundation and the Schindler Group. It was revealed that the company would be investing in state-of-art-technologies to elevate the digitization in the elevator and escalator market.

Schnidler has entered into various business partnerships with various companies over the past few years like GE Digital, Predix and signed a cooperation for loT connectivity with Huawei.

Tiny workshop, a Twitter user says:

“Awesome work was done by IOTA.”

Metz says:

“If only there was a video of it.”

Hayley, a Twitter user says:

“Very exiciting to see a talented person such as Micheal Niles working with IOTA, this will boost the advancement of IOTA. The group will provide better satisfaction to customers.”





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Rajath Kumar is an intern at AMBCrypto. He became aware of the crypto-world through gaming and has been a part of it for two years now. Rajath does not hold any value in any cryptocurrencies or its projects.

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