Ubrich GmbH is providing a solution using Iota to the Frankfurt Airport coronavirus testing center.
Iota aims to be the economic layer for the Internet of Things, bringing microtransactions and data storage to a network of connected devices. It uses a distributed ledger technology called the Tangle, which is based on directed acyclic graph technology rather than blockchain.
Iota began as a pivot from an IoT microprocessor venture called Jinn. The Jinn team held a crowdsale in September 2014, promising holders of its native Jinn token a share in the company’s profits. The team pivoted following concerns around the regulatory soundness of Jinn tokens. In 2015, the project announced Iota, a cryptocurrency network for IoT devices that utilized some of the cryptographic techniques researched and developed at Jinn.
Iota does not have blocks, miners or transaction fees as are featured in most public blockchain networks like Bitcoin or Ethereum. This is to allow the scalability and speed necessary for machine-to-machine microtransactions, which are denominated in its native token, MIOTA. Instead, each transaction validates the previous two transactions, achieving consensus first locally then globally.
The Iota Foundation, a German nonprofit, is currently building out the Iota ecosystem.
Addressing the community and board members, David Sønstebø reveals contradictory details about his split with the IOTA Foundation36076
The Iota board said it had “parted ways” with Sønstebø due to the fact its interests have “diverged significantly” with those of the co-founder.7579
The Iota Foundation is teaming up with one of Austria’s most prestigious universities to foster research in distributed ledger technologies.12443
XRP, Stellar and Cardano are some of the cryptocurrencies spearheading the rally as traders herald "alt season."51300
The IOTA blockchain finds a use case in industrial maintenance.9298
Backed by players like Ripple and ConsenSys, the INATBA association responds to the EC’s legislative proposals on crypto.4453
Blockchain could help shared device merchants avoid credit card fees, MasterCard says.4828
IOTA’s network upgrade Chrysalis is now live, bringing an exponential increase in speed.5264
Chrysalis is barely a week away from going live.6840
Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021.7702
New decentralized social media project Society2 aims to let users regain control of their data on the Internet.7964
US government decides to foster 5G and IoT technologies over defense lobby’s objections.2705
The Crypto Rating Council brings more regulatory clarity to crypto by analyzing whether certain coins constitute securities.8508
IOTA competitor Nodle Network, which has five million active nodes, is moving from Stellar to its own blockchain.5900