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The man behind Fujitsu Europe, Dr. Rolf Werner joins IOTA Foundation

Abhishek Anil

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The man behind Fujitsu Europe, Dr. Rolf Werner joins IOTA Foundation
Source: Pixabay

IOTA Foundation on their Medium account has welcomed Dr. Rolf Werner to their team. Dr. Werner was the Head of Central Europe at Fujitsu, which includes managing Fujitsu’s interests in Germany, Austria, and Switzerland. He has held various management positions in his wide career. He was recently a member of Board at T-systems Multimedia Solution and he has managed the company at a Global level while additionally handling national level.

He was the Chairman of the Management Board of the French company, France SAS and was responsible for operations in America, Europe, The Middle East and Africa. He is a veteran of various portfolios ranging from international outsourcing to new digital solutions.

Redditors have hailed this move by writing that Bosch ad Fujitsu are perfect examples of companies that are expected to drive the adoption for IOT and IOTA and added that IOTA Foundation is driving innovation and trusted for all distributed ledgers in this space.

A Redditor, Sounko commented:

“Very exciting times when community driven projects and big corporations are working alongside each other for the next industrial revolution. IoT and DLT are coming. This announcement should help to silence the critics.”

He added by saying:



“Really, really good news! We’ve already known for a few months that he and Fujitsu have been big fans of IOTA (just check his tweets) – but this of course is amazing news and a whole new level!”

Dr. Werner holds a doctoral degree in Business Administration from the University of East London and a Diploma in Business Studies from the Johannes Gutenberg University, Mainz, Germany. Werner said that the likelihood of decentralized and secured applications which are based on IOTA tangle as a Distributed Ledger Technology are massive. It overtakes machine to machine payment and includes an anti-tampering system for monitoring of supply chain and secure identity management.

He added:

“Im delighted to join the IOTA Foundation Supervisory Council (Stiftungsrat) to accompany a journey which will be meaningful for lots of industry sectors worldwide.”





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FLiK case: Utility tokens take another hit in case allegedly involving Rapper TI, claims prominent lawyer

Priya

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Source: Unsplash

Stephen Palley, a prominent lawyer at Anderson Kill, spoke out about the FLiK token case via his official Twitter handle. Notably, unlike most tokens in the space, FLiK made headlines because of its celebrity backing.

Towards the end of last year, it was reported that the US Rapper Clifford Joseph Harris Jr., who goes by the stage name T.I. and T.I.P., was sued for $5 million over the alleged failure of the token promoted by him and his partner, Ray Felton. The rapper was being sued by a group of 25 individuals who claimed that that they invested around $1.3 million in the tokens.

Additionally, there were allegations that the rapper used the raised money to increase the token’s value, following which the duo sold their holdings after the coin crashed. Other well-renowned celebrities such as Kevin Hart and Mark Cuban were also reportedly associated with this project.

On the recent developments surrounding the case, Stephen Palley stated,



“Utility tokens” take another hit in case allegedly involving rapper TI. Court says FLiK ICO tokens = securities under Howey Test, for motion to dismiss purposes. That they offered some functionality ≠ relevant given buyers’ expect of profits solely from efforts of others. 1/4″

Source: Twitter

Source: Twitter

Source: Twitter
The lawyer further stated that,”use of funds” was already determined by the defendants, “per the FLiK token whitepaper.” He went on to state that there was a time problem, adding that Federal Law rules that “unregistered sale” of security tokens were supposed to be reported within 12 months after the violation.

The lawyer concluded by tweeting,

“ps — form was never going to be exalted over substance, so none of this is a huge surprise. Also, this is a ruling on Rule 12(b)(6) motion to dismiss so the Court takes the allegations as true for purposes of ruling. The merits still have to be litigated.”





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