IOTA and BiiLabs to Maintain Internet of Things

BiiLabs announced that its partnership with IOTA and Data marketPlace is an important milestone for the Internet of Things development in Asia
26 February 2018   1728

BiiLabs is the team with members from SSX, NCKU and serial entrepreneurs. The group started the study and have been distributing ledger technology since 2016, then decided to build the team called “BiiLabs” in 2017, which aims to solve the problem of IoT in the world.

On February 26, BiiLabs announced that its partnership with IOTA and Data marketPlace is an important milestone for the development of the companies in Asia.

BiiLabs announcement regarding iota
BiiLabs Announcement Regarding IOTA Partnership

BiiLabs provides such services as: 

  • Ledger and settlement service based on Tangle
  • Watermark-based digital forensics extending TangleID
  • IoT end to end turnkey solution, a customization service

BiiLabs is developing Ledger of Things, in which IOTA will be the backbone. As it is stated on the official website of the company, the Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well as store data from sensors and dataloggers securely and verified on the ledger.

IOTA Team to Fix Serious Mainnet Bug

At a certain point, the bug in IRI caused an actual shutdown of the main IOTA network, it was unavailable for more than 15 hours
30 December 2019   308

The developers of the IOTA crypto project this Monday announced the release of an updated version of the software for the basic implementation of the IRI v1.8.3 node, after a failure in their main network.

At a certain point, the bug caused an actual shutdown of the main IOTA network, while the rate of processed transactions dropped to zero. According to user observations, the network was unavailable for more than 15 hours.

There is an edge case where IRI didn't account for a transaction that was shared between two distinct bundles. Once it marked it as "counted" in one bundle, it was ignored for the next bundle. This lead to a corrupt ledger state.
 

GalRogozinski @ GitHub

Developer, IOTA

By the time of publication, the problem was resolved. Note owners need to restart their clients using the latest software version.