The Iota Foundation and Imperial College London recently announced the launch of a four-year distributed ledger technology, or DLT, initiative designed to research and develop solutions to foster socially conscious, circular economic models and businesses around servitization.

The Imperial-Iota-Infrastructures Lab, known as the I3-Lab, will operate within the Dyson School of Design Engineering and has adopted the tagline “infrastructure powered by Iota; analytics powered by Imperial; use-cases powered by the community; and impact powered by partnerships.”

Expected to commence this summer, the I3-Lab has been initially funded by a $1 million philanthropic grant from the Iota Foundation and will soon become a co-funded project following an undisclosed contribution from ICL described as “substantial.”

Two post-doctoral researchers and five Ph.D. students, overseen by project leaders, will focus their efforts on five projects spanning an array of proposed subjects including tire emissions in the mobility space, ethical batteries in the energy industry, and an infrastructure project to develop the underlying technologies around digital twin and DLT, in addition to two open calls with the aspiration to engage the broader ICL community and attain internal funding.

The lab, which is currently under construction, is approximately the size, if not a fraction larger, than a soccer field goal area — also known as the “six-yard box.” Architectural plans reveal intentions to construct a second-story mezzanine overlooking the ground floor, so as to provide ample space for…

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