IOTA technology   - location-specific environmental measurements, African agricultural data, and anonymized healthcare data

IOTA technology IOT

IOTA technology IOT

  • focused on providing secure communications and payments between machines
  • public marketplace for data generated by 3rd party sensors
  • IOTA has a collaboration with Deutsche Telekom, Microsoft, and Fujitsu,

IOTA technology   – location-specific environmental measurements, African agricultural data, and anonymized healthcare data

IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA’s transactions are free regardless of the size of the transaction, confirmation times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale. IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov.

IOTA has a collaboration with Deutsche Telekom, Microsoft, and Fujitsu, the Foundation opened up a data marketplace using IOTA technology

IOTA technology   - location-specific environmental measurements, African agricultural data, and anonymized healthcare data

IOTA technology

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IOTA launched a public marketplace for data generated by 3rd party sensors. The objective is to monetize the exploding market for 2.5 quintillion bytes of data being generated daily and growing exponentially. The project gathered participation of over twenty global organizations, including Deutsche Telekom, Bosch, Microsoft, Samsung Artik, Orange S.A., and Fujitsu. The marketplace allows connected devices to securely transfer, buy and sell fine-granular and diverse data across the globe to any buyer. The fee-less micro-transactions are handled by the IOTA protocol. Initial data sets available on the marketplace include location-specific environmental measurements, African agricultural data, and anonymized healthcare data from wearables. Ordinary netizens will also be able to sell their data on the marketplace.

 

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