IOTA is a German crypto currency that wants to decisively advance the Internet of Things with the help of its Tangle. There are already some industry heavyweights in the boat like Bosch or VW who are convinced of IOTA’s technology. The newest partner is a well-known hardware and software manufacturer.
The versatile hardware manufacturer RIDDLE&CODE announced yesterday that IOTA’s Distributed Ledger will be used in its new product line for the Internet of Things (IOT). Both companies want to demonstrate that by integrating IOTA’s Tangle autonomous machine-to-machine transactions can be handled completely independently.
The hardware provided by RIDDLE&CODE creates a secure environment for business processes that only allows reliable data from trusted sources. Tom Fuerstner, founder and current CTO of RIDDLE&CODE, explained that this collaboration made it possible to create very complex applications in a wide variety of industries (freely translated):
Industrial and intelligent urban environments in the real world require trusted, scalable and transparent environments from end-to-end to data storage. By securely connecting an IoT sensor or machine with our cryptochips and middleware to the IOTA Tangle, we deliver exactly that.
To date, industrial IOTA projects could only use distributed ledgers to trust data processing and storage. The new RIDDLE&CODE cryptochip gives devices a new identity, making them a trusted data source. This makes it easy and effective to distinguish between trusted data sources and external sources, so that only the information required for the process is allowed. This step is intended to give end-users the confidence to commission a car or industrial robot to perform various tasks autonomously and independently, including controlling energy consumption or ordering parts to be delivered just-in-time.
Holger Köther, Director of Cooperation at the IOTA Foundation, explains that this partnership significantly extends the range of functions of possible devices connected to the IOTA ecosystem: