IOTA Foundation and its community develop an open source distributed ledger built for the “Internet of Everything” – a network for exchanging value and data between humans and machines. Aside from developing the core protocol, the IOTA Foundation provides open source tools, tutorials and blueprints to interact and develop on the Tangle. IOTA recently introduced a number of products and services to meet the growing needs of professional organisations integrating the IOTA stack into their solutions.
About the Tangle
The IOTA Tangle is a secure data communication protocol and zero-fee microtransaction system. IOTA provides a single source of truth and trust in data, with the aim of providing the backbone of (every)things in a highly networked world. It can be used to generate machine-to-machine (M2M) micropayments and share data across an ecosystem of devices, generating further data, producing results and co-creating new business models.
The Tangle is designed as an open source, scalable, feeless permissionless DLT so that any public or private players can access, participate and leverage freely on the technology and network to co-develop an open and transparent digital infrastructure and innovative digital services. The IOTA Tangle is based on a mathematical concept referred to as a Directed Acyclic Graph (DAG) and follows different principles to conventional public Blockchains. The Tangle does not rely on node operators, transaction fees, or extensive mining operations like public Blockchain. In the IOTA Tangle, transactions are linked to each other without dealing with block by block processes like in traditional blockchain solutions. Each transaction is verified using the age old social philosophy of paying it forward. Every time a device needs to send information to the Tangle, it will link the transaction further to two more random transactions. The whole process also helps to promote high transaction throughput and increases the number of transactions that can be dealt with at any particular time. A crucial demand in a world in which sensors constantly need to communicate and billions of devices proliferate. The interoperability and speed of the Tangle thus make it ideal for devices that need to talk to each other in a wide variety of situations.
Our partner ecosystem leverages the IOTA Tangle for various applications many of which can be associated with:
- Digital trust: Data integrity, digital identity, access control, IoT edge security are all essential features to enable trust at the smart infrastructure level as well as consumer-facing digital services.
Example: Tracing the provenance and sustainability of consumer goods along the supply chain.
- Real time value transfer: The new Data economy will increasingly leverage real time, cross silo, data sharing. Incentivising these data exchanges from the IoT edge through automatised processes require data monetisation schemes. The IOTA Token is an optional digital asset that can be combined to IOTA enabled development to automatise feeless transactions and shape radically new business models.
Example: M2M payment to enable electric vehicles to pay themselves and in real time for charging
- Decentralised business models and marketplaces: Internet-of-Things contribute to shaping open and scalable ecosystems of organisations, individuals and machines able to transact. IOTA provides a single source of truth and a new type of financial infrastructure enabling participants to share data and transact in real time without intermediary. Those business models can also be scaled in the form of decentralized marketplace.
Example: Peer-to-peer real time energy trading is under development as part of CityxChange.eu in cooperation with Trondheim municipality, NTNU, POWEL and others.
Our Research and Development roadmap is made available here. “2020 is an important year for the Foundation” Wilfried mentions, “as we improve the performance of the existing mainnet implementation and prepare a key upgrade of the protocol which will mark a key milestone towards maturity and production readiness. We also continuously enhance our documentation and open source blueprints.
Beyond the technology, IOTA is actively engaging players to discuss and design a regulatory environment which can allow DLT to blossom and bring value to the public and private ecosystem. We are a co-founding partner and active participant to the International Association for Trusted Blockchain Applications (INATBA) which is a great arena for tackling this.
To further empower the enterprise and academic ecosystem in co-developing, governing and ensuring market fit of the IOTA stack, the Tangle Enterprise Edition working group (Tangle EE) was launched early this year in collaboration with the Eclipse Foundation. Initial members include DELL Technologies, Software AG, STMicroelectronics, Object Management Group, Energinet or ENGIE Lab CRIGEN. One first area of focus in the Tangle EE is the unified identity protocol which addresses the opportunity for a decentralised digital identity framework for citizens, organisation and “machines”.
IOTA in Norway
Wilfried who is based in Oslo and has been involved with IOTA since 2016 now engages a global ecosystem of multinationals, academia and public sector bodies to collaborate and address Digital Trust and business model challenges of the Data Economy and digital infrastructure.
In Norway, Wilfried has been growing a research and co-creation network active in Smart city, Sustainable Development Goals, Energy, Electro mobility, Smart farming initiatives. A number of research and education cooperation have been set up with UiO and NTNU in particular which allows further matchmaking and collaboration. Cross vertical themes such as sustainability, mydata, sharing economy, circular economy and automation are all important drives in our engagement in Norway:
Enabling sustainable and human centered smart cities
Ongoing work related to the Positive CityExchange in the domain of smart city, energy and mobility, is already providing essential useful feedback essential to IOTA’s adoption in the market. Here are three examples:
- Agile public-private partnership is becoming a key success factor to allow the necessary fast-moving cross silo collaboration to take place. Much of our ecosystem work involves new human centric and sustainable business models orchestrated by either public and private stakeholders. This is not something one organisation can do alone and municipalities, academia together with business must come together to engage and innovate with citizens.
- Access to smart city testbeds is essential. IOTA enables a new data management and digital infrastructure framework which can be deployed in dedicated real-world testbed environments. The testbeds can help aggregate complementary startup and enterprise partners which can together demonstrate prototypes. We are currently screening new testbed possibilities.
- Private Tangle as launchpad for experimentation, public mainnet for commercial deployment. IOTA enabled innovations can be developed and prototyped in a private implementation of the network before being deployed in the public permissionless mainnet for production ready deployments. You can read about the private tangle here.
Last summer we had the pleasure to showcase in Trondheim a collaborative effort with Jaguar Land Rover (JLR), ENGIE Land CRIGGEN, ENTRA and POWERHOUSE. The use case makes the case for green smart charging / sustainable energy traceability from a smart energy building to EVs which could be orchestrated via a new IOTA car ewallet technology JLT is currently developing for its vehicles.
Moving forward in Norway, we continue to cooperate with both public and private stakeholders and also strengthen our cooperation with Norwegian research and academic institutions. We are particularly keen to apply with Norwegian partners for joint research and innovation grants in Norway and Europe.”
We also asked him about the current disruption being caused by the pandemic:
“The Covid19 crisis is bringing many challenges to society. We, together with the rest of the deeptech and innovation community, are engaging activities to address the crisis and what comes after. The crisis has definitely accelerated the transition to a more digital society where the stakes associated with data sharing, ePrivacy, automation and data economy have become way more tangible to everyone. In the eHealth domain in particular, I was working back in 2016 on a number of collaborative initiatives involving Oslo MedTech (now called Norway Health Tech), Oslo Cancer Cluster, the Norwegian Center for eHealth Research and others to explore the potential for blockchain. We were a bit too early back then, but the space is clearly now regaining focus. In that regard we’ve recently shared with the community how IOTA could help address the personal data challenges of the eHealth crisis context of Covid19” Wilfried explains. “Decentralised identity, personal data management and GDPR compliance, is key and also the initial focus of a new cooperation with UiO we have currently launching. We are also very excited to follow the journey of several startups already developing IOTA enabled concepts to fight against the Covid19 crisis. Public grants in that space will also be a very important tool going forward and we are happy to discuss joint proposal possibilities.”
If you want to get in touch with Wilfried, check out their website and what they are all about: https://www.iota.org. If you’ve got any questions you can always opt to each out directly to email@example.com and +47 92202918
Business Development Director