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IOTA: What Comes Next?



One of the largest digital traffic infrastructure projects in Germany, which specifically deals with the vision of autonomous driving and is supported by the federal government, announced in the last few days that they will implement IOTA as a core technology. 

In order to equip the system with the greatest possible resilience and security, we will use the distributed IT infrastructure IOTA, an open-source distributed ledger technology. IOTA is a secure, toll-free, lean, and easily adaptable, decentralized infrastructure for the transmission of data and microscopic values ​​without relying on middlemen. We as the ETO GROUP plan to use various IOTA libraries such as Stronghold, Streams, and Identity at the relevant nodes of the ALFRIED architecture and thus ensure security, confidentiality, and the traceability of data and devices.

From my point of view, we are currently seeing another very good example of why the future in the crypto market, even in the current difficult situation, cannot proceed without IOTA. The technology from IOTA can be freely, flexibly, and easily adapted for every industrial focus and offers the optimal "playing field" on which companies can let off steam and program according to their needs.

ORCHESTRA - the future of transport

The project name can easily be confused with the “orchestra in an opera” at the beginning, but after a closer look, the transport sector is also behind it. On June 23rd, IOTA announced its participation in another project under an EU funding agreement in its blog. The project is a funded initiative for the mobility of the future. The project will have a total budget of 4.9 million euros over three years, of which the IOTA Foundation received a share of 250,000 euros to provide its technology and team.

The objective says, among other things:

ORCHESTRA has also set itself the goal of breaking down transport silos. For this reason, existing technical restrictions and regulations are examined not only within a single transport area - be it road, rail, sea, or air - but also at the intersection of all these areas. Crises like the COVID-19 pandemic have exacerbated the fact that conventional transport systems are not reliable when working in silos.

What exact role does IOTA play in this?

ORCHESTRA will use different parts of IOTA in the future.

On the one hand, especially the sub-area of ​​digital identities, so that data can be exchanged seamlessly across multiple domains. For example, data that is needed on the sea, on the road, and finally for the flight.

The IOTA Foundation will communicate and work on standardization activities to make the IOTA protocol the de facto standard for the multimodal transport management system and the orchestration of goods and people.

If you look at the number of large, higher-level projects with IOTA recently, see also our last article, it will probably become clear some of the huge potential this technology could hold.

Ledger Wallet Integration

The IOTA Foundation apologized this week for the poor communication in the area of ​​ledger integration for the new Chrysalis network in the Firefly wallet. Chief developer Charlie Varley confirmed that the communication from IOTA was not optimal. Various aspects (including a difficult personnel situation) ensured that the original, could not be kept. He also announced that IOTA will learn from its mistakes and will not give any fixed dates in the future, as many software points are not always predictable.

At the moment the ledger integration is in the last legs with a closed test group. So it won't be long before it is released. For all other users who have their tokens on an "online (mobile phone) wallet", the development of this app will still take some time. Following the ledger integration, the team will deal with this solution.

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