![]() The IOTA Foundation is also a founding member of the Trusted IOT Alliance, which includes the companies Bosch, ConsenSys, USbank, and Cisco.Īs of December 2017, the market capitalization of IOTA was $13 billion, making it the 4th largest cryptocurrency in circulation. With Deutsche Telekom, Microsoft, Fujitsu,and Samsung,the Foundation opened up a data marketplace using IOTA technology. The Foundation has established a collaboration with Volkswagen and Innogy to develop CarPass, an IOTA based technology that enables secure audit trails, digital identities, and charging networks for cars. IOTA is overseen by the IOTA Foundation, a non-profit dedicated to developing the technology and maintaining it license-free for all developers to work with. IOTA was founded in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Dr. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmations times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale. The project's data transmission design will be based on IOTA's Tangle and LoRaWAN wireless information transfer protocol.IOTA is an open-source distributed ledger ( cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. I am looking forward to working as part of a team of so many forward thinking organizations, to demonstrate how IOTA is being used as a security and integrity layer for upcoming applications, where a distributed resilient IT infrastructure against attacks is key. Holger Köther, director of partnerships at the IOTA Foundation, stressed that this use case is a crucial one for the progress of IOTA Foundation's adoption:Įnsuring data integrity and data management encrypted and securely directly from the edge is the core DNA of IOTA. The net amount of this program is more than €2.6 million. SUSEE is included benefitting from applied non-nuclear research funding in the 7th Energy Research Program of Germany's Federal Ministry for Economy and Energy (BMWI). The project raises funds from €2.6 million German government program Tangle was chosen for this experiment due to its high standards of encryption, extremely low fees, fast speed of transaction finalization and notable scalability opportunities. ![]() Tangle will be used to facilitate information transfer between the sensors responsible for sending information to plenty of end users. SUSEE (Secure Sensor Platforms for Smart Energy Networks) is a multi-lateral research and development collaboration that includes the energy distribution network operator SWO Netz GmbH, researchers from Fraunhover and Chemnitz universities, peerOS GmbH, mCloud Systems GmbH and TIP GmbH enterprises, as well as the non-profit IOTA Foundation. A new grant to develop a scalable solution for reliable data transmission & processing in sensor networks, using the #Tangle. ?The future of a reliable, climate-friendly energy supply! #SUSEE - A #German collaboration of €2.6M in public funding. IOTA's Tangle will be used in cutting-edge energy solutionĪccording to an official announcement shared on the IOTA Foundation's blog, SUSEE, an experimental project in the sphere of "smart energy," will utilize IOTA's Tangle. Tangle will connect thousands of sensors to ensure resource-efficient energy distribution. ![]() IOTA Foundation's Tangle data network will be integrated by a leading smart energy project.
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