IOTA introduces area code to transactions
IOTA introduces area code to transactions
Blockchain

IOTA introduces area code to transactions

By Alfredo de Candia - 15 Mar 2019

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IOTA has introduced Iota Area Code, a new proposal that allows to geo-tag the various transactions directly on the blockchain.

Prior to this proposal, it was not possible to track a transaction geographically without using a centralised system that contained geodata.

With the introduction of the IOTA Area Code (IAC), it is now possible to track each transaction with a margin of 2.8 x 3.5 m (usually corresponding to the first 11 tryte of 27 tryte – Trinary Byte consisting of 3 digits: -1,0,1). It will also be possible to search for transactions in areas of 100 x 100 km.

The whole system is based on a process developed by Google Zurich in 2014, the Open Location Code (OLC) which, thanks to some changes, has been made compatible with the IOTA code.

Iota area code

A significant improvement if one considers that it opens the doors to information of relevance in order to precisely trace the location of a hypothetical good or service recorded on the blockchain.

This “area code” feature can also be exploited during the next hackathon organised by the Iota Foundation on April 6.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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