UCL to Terminate Cooperation With IOTA Foundation

This is a response to the legal threats made by IOTA foundation against cybersecurity researchers
21 May 2018   391

Patrick McCorry, a security researcher at the University College London (UCL), published an official statement that emphasized that researchers should not be victims of lawsuits because of the results obtained and added that other universities and colleges must follow UCL and discontinue communications with funds that threaten researchers with lawsuits. This is reported by CCN.

UCL Centre for Blockchain Technologies is no longer associated with the IOTA Foundation. In relation to recent news report, we reaffirm our support for open security research, as a prerequisite for understanding the assurances provided by any blockchain technology. It is inappropriate for security researchers to be subject to threats of legal action for disclosing their results.

UCL Statement

In February Ethan Heilman of Boston University, along with a group of researchers from the Digital Currency Initiative (DCI), published a report describing the lack of IOTA hash function called Curl. The report, entitled "IOTA Vulnerability Report: Cryptanalysis of the Curl Hash Function Enabling Practical Signature Forgery Attacks on the IOTA Cryptocurrency,", says that the encryption used by IOTA makes the network vulnerable to counterfeiting of signatures and theft of funds.

Almost immediately after the release of the report, IOTA co-founder Sergey Ivancheglo said in social networks that a group of lawyers is working on a lawsuit against researchers. Dan Guido, CEO of the security research company at Trail of Bits, commented that e-mails sent by the IOTA Foundation showed that the company is not mature enough and does not show any motivation to eliminate the detected vulnerabilities.

In turn, the IOTA Foundation claims that it has never threatened researchers and that it encourages research on the cryptocurrency. At the same time, although Sergey Ivancheglo is co-founder of the IOTA, he does not participate in the work of the IOTA Foundation at all. This was confirmed by Ivancheglo himself, who in his blog wrote that the conflict that has arisen is personal, between him and Heilman.

From the point of view of the IOTA, the UCL response is based on the misinterpretation of the participation of IOTA co-founder Ivancheglo in the IOTA Foundation. IOTA co-founders are not part of the Fund, and the IOTA Foundation is open to research and constructive criticism.

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   318

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."