Altcoin

IOTA (MIOTA) Hannover Presentation Comes Out To Provide Solution For Networked Industry

IOTA (MIOTA) – dubbed “the first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions” is now flaunting its latest outstanding development which resulted from the presentation it made at the world biggest industrial trade show that was centred around one big topic: “Industry 4.0 plus the Industrial Internet of Things with Distributed Ledger Technology (DLT).  being the driving force”.

This was made known in a post released by a German writer on the Medium page of the altcoin. The show took place in Hannover Messe, Germany and hosted who is who in the tech industry, potential investors of innovations, and world top tech giants among others.

The statement further stated that while DLT is yet to be widely known by a number of business owners, the technology will help foster the speed of production, reduce cost, and enhance better security, adding that it is the “reason for putting a lot of money into development”.

Even though no technology has been agreed to succeed “HTTP” of the industry, the announcement flagged IOTA as “the only technology which is aimed at this whole IIoT-market and already has partnerships which have resulted in working products”, adding that apart from IOTA, no DLT has the innate ability of enabling swift transactions and scalability with no fees or mining

According to the release, Bitcoin, being the trailblazer and the leading Cryptocurrency in the blockchain industry is faced with the problem of being short of real-world use cases, but IOTA is making the difference with some of its developments that will be stated below.

  1. Smart factories

IOTA was handed a major boost with the joining of the Fujitsu Head-of-Central Europe, Dr Rolf Werner into the altcoin’s foundation. Werner, at the Hannover fair, presented a “small version of how they envision a future smart factory”:

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IOTA is used as the principal ledger for any information transmitted through the production process. Data collection, storage and visualization are also done using IOTA technology, thus allows complete audit-trail which completely prevents manipulation of data.

Werner, at the show, labelled IOTA with sundry of fascinating attributes stating that:

“And, of course, we are here those who feel really at home in this context. Because we are not only one of the largest IT providers worldwide but we are also the ones that are the only manufacturer in this country. And so we have a location in Augsburg [Germany] that already has all that is needed for the smart factory”.

According to a video shared on YouTube, another Fujitsu official, while talking with pressmen averred that “the supply chain management has already been integrated at the Augsburg factory”, surely, he was referring to IOTA.

Fujitsu, in February also added IOTA into its IoT-Suite IntelliEdge, according to a tweet shared by Kai Pasing, Head of CEO Office, Central Europe, Fujitsu.

“Real #IoT showcases @BoschSI #BCW18 powered by #Fujitsu s #Industry40 Competence Centre. Customers and @RolfWerner heavily interested in our innovative and valuable future cases. #Intelliedge meets #iota technology #tangle.”

Also in this month, the CEO tweeted that;

#Fujitsu #K5 #IOTA permanent node in action. This empowers #m2m payments and #secure component #tracking between #robots. #HM18 opening doors today for #press and #Fujitsu has been selected to the #Industry40 press #highlighttour . #German #CEO @RolfWerner welcomes into media reps.”

  1. RWTH Aachen University (Germany)

Daniel Trauth, a worker at RWTH Aachen University tweeted that the university is working on Internet of Production (IoP) and IOTA to “pave way into a future era of production”.

The University worker, who is also a Member of the IOTA Evangelist Network, in a press release said:

“IOTA knows no transaction fees and thus enables business models that re-quire the exchange of nanopayments, i.e. the loss-free settlement of very small amounts”.

Mind you, RWTH Aachen is the largest technical university in Germany.

  1. Grandcentrix

Based in Germany, the leading SI for IoT on it page tagged itself as “the leading system integrator and app agency for large-scale Internet of Things (IoT), Industrial Internet of Things (“Industry 4.0”), and Smart Products solutions”.

Grandcentrix holds partnership with numerous big companies across the world, among which Qualcomm, Apple’s HomeKit, Bluetooth, and Nordic and so on lie.

While there is still no official statement disclosed on the partnership between IOTA and the German company, Ralf Rottmann, the CEO Grandcentrix, has joined IOTA-Foundation.

Definitely, Grandcentrix will be a perfect choice for IOTA in exploring IIoT in Germany and beyond.

  1. DXC

DXC Technology in a live demo with Berlin-based IOTA showcased practical solutions with blockchain technology for secure digital transformation services.

  1. Innoenergy

A Memorandum of Understanding was signed between the IOTA Foundation and InnoEnergy Scandinavia. InnoEnergy also partnered with ÖrebroBostäder (ÖBO), a Sweden based company that to implements pilot testbeds facilities which include EVe.

IOTA in the partnership will be used to enhance access to Tangle technology which in turns will strengthen InnoEnergy and ÖBO’s capabilities.

With all the developments and achievemenst which IOTA is up for, it is now glaring that the altcoin has been able to find its way into the heart of bigwig companies and subsequently they will explore and integrate IOTA’s technology. Who’s with me on this?

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One Comment

  1. Iota is a big wave that is only starting to be recognized. Even though people did not notice it for a long time, it has been gaining momentum and forming partnership after partnership. Exciting times!

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