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 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.