IOTA's Co-founder and Chairman, Dominik Schiener, has met with representatives of the United Arab Emirates Ministry of Economy to discuss potential partnerships.

The IOTA Foundation's technology, which utilizes a Directed Acyclic Graph (DAG) structure, has found utilization in various industries due to its scalability and energy efficiency. Cornell University has also attested to the robustness of IOTA's Tangle technology for handling voting processes.

With its unique architecture, IOTA is well-positioned to create multibillion-dollar deals with both government and private sector outfits.