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   1479

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.

Jaguar Land Rover to Partner With IOTA

As their ultimate goal, developers call the reduction of accidents and traffic congestion; these news had great impact on token's price
29 April 2019   467

The largest British automaker Jaguar Land Rover has started testing smart contracts based on the IOTA blockchain. According to Reuters, the program being developed is a smart wallet embedded in cars.

The new service will allow participants to receive IOTA tokens for providing information about road congestion and road pavement status, as well as for participating in the ridesharing program. Subsequently, drivers will be able to spend them on paying for parking or charging electric cars.

As their ultimate goal, developers call the reduction of accidents and traffic congestion.

It is known that this technology will be used in Jaguar F-PACE and Range Rover Velar. The launch date of the software for the mass consumer is unknown.

IOTA 24h Price Chart
IOTA 24h Price Chart

These news had great impact on the IOTA price. It rose for almost 14% in 24 hours and is being traded around $0.3.