World Mobile Token announced deepening its collaborative relationship with Input Output (IO) to develop a dedicated permissioned Cardano sidechain.
Micky Watson, the World Mobile Group CEO, said the move was necessary to comply with telecoms regulations. Further, as “such as solution doesn’t yet exist” on Cardano, the World Mobile Chain will be built using Cosmos’s open-source protocol Tendermint.
“We’re looking forward to collaborating with IOG on this project and work towards an interoperable future that will accelerate the shared vision that we have had since 2018.”
The company has been working with the IO sidechain team on this project for several months. Once complete, World Mobile Chain will bridge the Cosmos and Cardano blockchains, opening up interoperability between the two chains.
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