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NEW IOTA PROJECT IOTAORIGIN PERFORMS ON THE TANGLE



IOTA Origin was founded at the technical university in Aachen and has always worked in an innovative environment ever since. The team is now represented on four different continents, the head office is in North Rhine-Westphalia. IOTAorigin would like to contribute to a model region in the form of an ecological and economic raw materials trading platform by digitizing the mining sector located there in NRW. Mining is currently mostly still characterized by an old, long tradition.


The goal is stated by the company UG as support for an ethical and sustainable energy transition in artisanal small-scale mining.

App application for mining

IOTA Origin has programmed an application to make supply chains and trade more transparent in the future. A digital twin of the raw material is now created via the IOTA Tangle, which enables digital tracking.


With the IOTA streams already described in another article, every participant in this supply chain can then exchange information about the origin of raw materials and their mining conditions without having to reveal their own secrets.


This is the salient feature of establishing a free market. EU importers can then use this application to check compliance with European rules and regulations.


The project will also ensure free traceability for all participants via IOTA's toll-free network. This is of enormous importance, especially for small-scale mining, since this option has not been available up to now.


Below is a screenshot of the existing app application:


A well thought-out goods supply chain

The focus of the company is described with some regions in and around Central Africa, in cooperation with the Federal Ministry for Economic Affairs and Climate Protection and many other institutions, numerous national and international partners.


The region mentioned plays a particularly important role in procuring the numerous raw materials such as cobalt and copper. In the future, they would like to work there on the unification and standardization of international contracts, pre-financing and insurance in raw materials trading.


Small mines get access to global big markets, local governments can control their mining circumstances and tax revenues, importers can be sure they are getting the right raw materials.


In addition, IOTAOrigin, which also signed a non-disclosure agreement with IOTA in 2021, plans to make greater use of the IOTA streams framework and integrate smart contracts into its future extensions in order to be able to continuously develop its own company with IOTA.

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