IOTA will assist Taipei in building a smart city

Taiwan capital strives to become a blockchain-powered city
01 February 2018   1302

Open-source non-profit foundation from Germany and Taipei City will explore new possibilities of applying the blockless protocol Tangle to improve data integrity and authenticity concerns in different domains. The initial project is going to be digital citizen cards with a built-in TangleID. It addresses such issues as identity theft, fraud, healthcare, inter-organization and inter-city data exchanges.

Another potential lies on the plain of data marketplaces and micropayment business models will shape the future. IOTA teamed with BiiLabs, a startup that focuses on distributed ledger technology, to incorporate Tangle and data marketplace into the smart city.

A project that is already underway is Airbox. The goal of the project is to design small air sensors that detect temperature, humidity, light and pollution. The collected air quality data is then shared online. BiiLabs will import Airbox in Tangle in oder to implement incentivized payment in IOTA.

IOTA New Website Went Live

David Sonstebo from IOTA team reported that the website will be moved from blockchain to Tangle
16 April 2018   122

It is well-known that IOTA a protocol that achieves consensus on the state of matters in a network, and has a vision to enable all connected devices through verification of truth and transactional settlements which incentivize devices to make available its properties and data in real time. On April 16, 2018 IOTA released the long-awaited new website, which looks neat, professional and convenient.

IOTA new website screenshotIOTA new website screenshot

The users were pretty impressed with the new website, but some of them noticed that website does not scale, however, David Sonstebo from IOTA team reported that they will be moving it from blockchain to Tangle as soon as it will be possible, so there is no need to worry.

At the moment of press, these are main market parameters of IOTA:

  • Average Price: $1,61
  • Market Cap: $4 470 930 051
  • 24h Vol: $118 560 000