The technology IOTA as an open infrastructure for micropayments, IoT communication, and global…

by Holger Köther

Summary

The growth of the Internet of Things (IoT) continues to make great strides. More cost-effective, energy-efficient and durable devices that are also always on are creating a new kind of digital cartography of our environment, but also of our way of life. Today, we are already collecting gigantic amounts of data, which enable automated decisions and thus not only form the information basis for new business models, but also enable targeted interactions between machines (“economy of things”) in the future. A cornerstone for controlling this flood of data and for protecting identity and machine data against manipulation and misuse is the novel technology IOTA. As a highly scalable and publicly available infrastructure for data collection, sharing and monetization, IOTA is being developed by a global team to securely and safely connect billions of people, organizations and devices.