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   725

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.

Volkswagen to Use IOTA Technology For Software Updates

This project is designed to solve the key problem of secure transmission of software updates "on the air" (OTA) to the network of autonomous vehicles
12 June 2018   230

This week, the German automaker Volkswagen announced cooperation with the IOTA, which develops solutions in the field of the Internet of things. At the CEBIT 2018, the companies are planning to show a new experimental sample of their joint project based on the IOTA DAG network.

IOTA Twitter
IOTA Twitter

This project is designed to solve the key problem of secure transmission of transparent, undamaged software updates "on the air" (OTA) to the network of autonomous vehicles. At the moment the data is distributed centrally, so there is no guarantee that the information delivered to each car is genuine and unchanged. This problem can be solved using a distributed ledger or other similar technology.

In addition, because the scope of autonomous vehicles continues to grow, the system must not only decentralize to monitor each update, but also be able to scale to the right size to cope with the increasing load on the network. Another major factor is security. This factor will become more important when cars become more dependent on software for performing basic tasks and functions related to security.

Johann Jungwirth, Volkswagen's senior director of digital engineering and member of the IOTA Foundation's Supervisory Board, believes that the technology of a decentralized distributed registry will form the basis of a safe ecosystem that does not require participants to trust each other - just the one Volkswagen needs to further develop its the project of autonomous cars. He calls IOTA "an excellent example of how distributed ledger technology can be used in the future."