The IOTA Foundation, the non-profit organisation behind IOTA and the Tangle architecture, recently announced a major new partnership with STMicroelectronics, one of the world’s largest manufacturers of electronic components for both industrial and consumer electronics.
Simplifying IoT solutions
The focus of the collaboration will be on integrating Tangle technology into STMicroelectronics’ X-CUBE-IOTA1 software.
Alessandro Cremonesi, VP System Research and Application at STMicroelectronics, explains that developers will now be able to use the open STM32 development environment to create applications that include the functionalities offered by IOTA.
Industries such as energy and logistics should benefit from IOTA’s high performance in critical areas such as power, connectivity and audio management.
The choice of IOTA
Since it was founded in 2015, IOTA has established numerous important partnerships with companies such as Volkswagen, Fujitsu and Samsung.
Unlike other cryptocurrencies, IOTA’s core technology is not a blockchain but a direct acyclic graph (DAG). In order to send a transaction, two other transactions must be validated first.
Furthermore, IOTA can operate offline and synchronise at a later time. This is very important for IoT applications where there is no guarantee of 100% connectivity.
However, it should be noted that IOTA is not completely decentralised as it currently needs a centralised coordinator to work properly.
In order to have a functional and intelligent mechanism, machine manufacturers will have to open up their proprietary systems, most of which are now closed.
Industrial data are not very different from data produced by consumers except for the fact that they require an additional level of privacy and security.
This is where IOTA can come into play through its Tangle technology, which guarantees secure transactions, high speed and low cost with a certain level of privacy.
The data generated could then be bought or sold in an “industrial data market“.