Menu IconA vertical stack of three evenly spaced horizontal lines. The IOTA platform is unique among blockchain-like distributed ledger solutions in that it is focused on IoT use cases and allows connected devices to securely transfer data and iota technologies for only a very small fee. 10 billion in transactions and is currently being used for micropayment-based electric vehicle charging stations.
As part of the purchase, Hongquan Jiang, a partner at RBVC, will join the IOTA Foundation’s advisory board. IOTA and other distributed ledger solutions could help manage large enterprise IoT deployments because of their ability to automate back-end functions. Jiang said that, while IOTA is still in its early stages, RBVC sees it being able to help IoT projects scale up while reducing transaction costs. Distributed ledgers can also help secure IoT implementations by providing a tamper-proof ledger for data produced by connected devices. IOTA is only one of several blockchain-based systems companies with IoT projects are exploring for security purposes.
Explains how firms are already exploring ways to make use of blockchain in all sorts of IoT projects. Provides an overview of disruption in critical sectors including the supply chain and asset management. Analyzes how blockchain is poised to see rapid expansion as a tool used in IoT solutions that reduce costs, increase efficiency, and remove reliance on cloud-based platforms. Interested in getting the full report? Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you’ll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. Menu IconA vertical stack of three evenly spaced horizontal lines.
Emirates Airline President Sir Tim Clark said he believes airlines need to make drastic changes to the way they treat new technology. Clark is urging airlines to deconstruct their business internally and rebuild it on digital platforms. Technology like blockchain could help revolutionize the airline industry. Emirates Airline President Sir Tim Clark issued a stern warning to the airline industry on the need to embrace the seismic shift in technology that’s underway.