Dr. Richard Mark Soley is Chairman and Chief Executive Officer of OMG ®, Executive Director of the Cloud Standards Customer Council, and Executive Director of the Industrial Internet Consortium.
As Chairman and CEO of OMG, Dr. Soley is responsible for the vision and direction of the world’s largest consortium of its type. Dr. Soley joined the nascent OMG as Technical Director in 1989, leading the development of OMG’s world-leading standardization process and the original CORBA� specification. In 1996, he led the effort to move into vertical market standards (starting with healthcare, finance, telecommunications and manufacturing) and modeling, leading first to the Unified Modeling Language TM (UML�) and later the Model Driven Architecture� (MDA�). He also led the effort to establish the SOA Consortium in January 2007, leading to the launch of the Business Ecology Initiative (BEI) in 2009. The Initiative focuses on the management imperative to make business more responsive, effective, sustainable and secure in a complex, networked world, through practice areas including Business Design, Business Process Excellence, Intelligent Business, Sustainable Business and Secure Business. In addition, Dr. Soley is the Executive Director of the Cloud Standards Customer Council, helping end-users transition to cloud computing and direct requirements and priorities for cloud standards throughout the industry. In 2014, Dr. Soley helped found the Industrial Internet Consortium and (IIC) serves as Executive Director of the organization. The IIC was formed to accelerate the development, adoption and wide-spread use of interconnected machines and devices, intelligent analytics, and people at work. The members of the IIC catalyze and coordinate the priorities and enabling technologies of the Industrial Internet.
Dr. Soley also serves on numerous industrial, technical and academic conference program committees, and speaks all over the world on issues relevant to standards, the adoption of new technology and creating successful companies. He is an active angel investor, and was involved in the creation of both the Eclipse Foundation and Open Health Tools.
Previously, he was a cofounder and former Chairman/CEO of A. I. Architects, Inc., maker of the 386 HummingBoard and other PC and workstation hardware and software. Prior to that, he consulted for various technology companies and venture firms on matters pertaining to software investment opportunities. His CV also includes consulting for IBM, Motorola, PictureTel, Texas Instruments, Gold Hill Computer and others. He began his professional life at Honeywell Computer Systems working on the Multics operating system.
A native of Baltimore, Maryland, U.S.A., Dr. Soley holds bachelor’s, master’s and doctoral degrees in Computer Science and Engineering from the Massachusetts Institute of Technology.
A longer biography is available here, and Dr. Soley’s complete CV is available on request. A shorter version is available here.
Trustworthiness is the core of security and privacy. I joined the IOTA project because it’s the right solution for providing trustworthiness — properly and safely distributed — for new architectures like IoT and cryptocurrency. And it’s an honor to work alongside such a brilliant and dedicated team!
We are absolutely thrilled to have Richard Soley join the IOTA Foundation as a supervisory board member and advisor. He has provided us with a lot of valuable insight stretching back to early 2017 already, to have him join in an official effort is incredible and exciting. There are plenty of plans in the making that he is directly involved in. Few people in the world can match Dr. Soley’s list of merits and experience in developing standards in CS and IoT or building organizations and alliances with multiple stakeholders involved. Give him a warm welcome!
Welcome Richard Soley to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Statistics show that alt coin prices are within range and oscillating within May 24 high low. That’s including Tron which had an important fundamental event yesterday. The TVM is but a non issue and whether this is a calculation and a soak of sells/buy, the chart will show. In the mean time though, most coins...
Because of today’s Tron Virtual Machine launch, traders should to capitalize on positive vibes around this event and Tron prospects in general. We are already seeing support not only on Tron but in all coins under our focus. As a matter of fact, the former is four percent in the green in the last 24...
All coins in the top 10 are in a decline printing losses in the last 24 hours. Even EOS and Tron are in negative territories despite major market moving events coming in less than two weeks. Well, this is good for value traders who are busy buying on dips in lower time frames. In my...
Jakub Cechis a product manager and software engineer, whose areas of interest are in learning algorithms, distributed systems programming, programming for parallel computing platforms, and cloud microservices. Jakub studied Artificial intelligence programming at the Faculty of Informatics, Masaryk University, Brno, Czech republic. He also holds a degree in Economics from the same university.
Most recently, Jakub worked as a Program Manager at Microsoft, Norway. There, he contributed to projects building on social intelligence and intelligent analytics capabilities that power Office 365 and other Microsoft products, and that reach hundreds of millions of users. He also has experience designing REST and low-level APIs. Before joining Microsoft, Jakub worked at a company called Kentico software.
On joining IOTA
Our industries and society need technologies that will support them in the transformational changes they are undergoing. Distributed Ledger technologies will be the backbone of these industries, supporting organizations and individuals in their daily needs. IOTA’s own Tangle technology is on the spot as the one technology leading this important transformation. I’m very honored and thrilled to be helping IOTA Foundation’s vision becoming a reality.
With his diverse and impressive background as a product manager and software engineer, he will be a great addition to the team. His experience in ownership of product development and management will greatly boost the output of the IOTA Foundation’s development efforts. Give him a warm welcome!
Welcome Jakub Cech to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
IOTA (MIOTA) has proved to the world that it has different use cases worthy of mentioning. Interestingly, the United Nations Office for Project Services (UNOPS) and IOTA have signed a Memorandum of Understanding to enhance efficiency and transparency in UN work. In a press statement separately dished out by the two partners in New York […]
IOTA (MIOTA) created impressive opportunities to reinvent businesses across various industries with its IoT based blockchain. The most recent sector it got involved in is the Automobile. The crypto became really successful, and it’s currently hoping to become the leader of a smart movement. IOTA plans to explore smart cities and smart energy solutions IOTA […]
A Memorandum of Understanding was signed in New York and Berlin.
The two organizations have partnered to explore how IOTA’s innovative technology — which provides an open-source distributed ledger for data management — can increase the efficiency of UNOPS operations.
“We share a vision where machines, devices, sensors and people connect and communicate to each other — it’s the world of ‘Industry 4.0.’ Harnessing technology that allows for these processes to work simultaneously, without the need for intermediaries, will help expedite our mission as an organization,” added Yoshiyuki Yamamoto, UNOPS Special Advisor on Blockchain Technology.
In welcoming the cooperation, IOTA Co-Founder Dominik Schiener noted: “We are thrilled to begin working together with UNOPS and to tackle current and future challenges together. The IOTA Foundation is fully committed to putting the IOTA Tangle to work on behalf of important humanitarian and development causes.”
IOTA’s distributed ledger can provide a greater level of efficiency in the management and tracking of UN documents, supply chains and transactional payments in real-time, with access available to both UNOPS and its partners.
IOTA Co-Founder David Sønstebø stated: “Shared global problems require shared global solutions. With our open-source, permission-less innovation approach, IOTA’s distributed ledger technology lends itself uniquely to this kind of cooperative problem-solving.”
Cooperation between both organizations will further extend to training workshops, thought leadership seminars, and the development of specific proof-of-concepts to bring greater efficiencies to specific areas of UNOPS work.
See UNOPS Press Release here: https://www.unops.org/news-and-stories/news/unops-and-iota-collaborate-to-bring-transparency-and-efficiency-to-un-work
UNOPS and IOTA collaborate to bring transparency and efficiency to UN work was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Sign-up for the webinar on May 22nd: Learn how IOTA and Kontakt.io will enable smart sensors and secure telemetry data in global supply chains
Kontakt.io, a leading IoT (Internet of Things) location platform provider and the IOTA Foundation, will collaborate to integrate IOTA’s next generation distributed ledger technology with Kontakt.io’s location platform. The integration will enable tamper-proof and chargeable readings of smart sensor data. This will equip healthcare operators and supply chain firms which monitor environmental conditions for compliance reasons with fully transparent ways for storing and reporting on telemetry data.
Numerous publications have covered potential advantages of combining blockchain and Internet of Things technologies but there have not been many large-scale deployments to back up the theory. The partnership between Kontakt.io and IOTA is going to bring a concrete solution, designed specifically for condition monitoring and asset tracking.
For all healthcare operators and logistics companies globally, monitoring temperature, humidity, and other environmental factors is becoming increasingly important for risk management, compliance, and ensuring a high quality of goods and services. Existing condition monitoring solutions require that data stored in sensors is either collected manually or relayed to the cloud. In both cases, it is possible and often easy to manipulate the records, which raises questions about security and reliability of such data.
By leveraging mechanisms of Distributed Ledger Technology, the Kontakt.io and IOTA solution is going to ensure that device-to-device and device-to-cloud communication of telemetry streams is encrypted and the data itself is unalterable. Manufacturers, carriers, inspectors, technology providers, and consumers alike will benefit from this technology. It will increase trust and transparency, ease dispute resolution, result in better compliance breach detection, and consequently prevent faulty products from being delivered to consumers.
IoT and blockchain technologies naturally go hand in hand because they have a lot in common,” said Philipp von Gilsa, CEO at Kontakt.io. “Both are decentralized, their markets are in early stages, and a limited number of players showcased successful applications. We are starting our Distributed Ledger initiative with IOTA to speed up adaptation and innovation in both spaces.
Up until now, we have not heard about successful blockchain applications in IoT because of the amount of computing needed to execute a transaction,” says Łukasz Szelejewski, CTO at Kontakt.io. “In IoT, where a transaction involves tiny bits of data transferred by small battery-powered devices, blockchain has been too expensive and energy-consuming to succeed. We have decided to work with IOTA because it removes the cost barrier, and it needs little computing power to confirm transactions. Moreover, IOTA, unlike blockchain or Ethereum, is capable of processing a lot of operations in almost real time. In fact, the more transactions it has queued, the faster it scales. For all these reasons, IOTA makes Proof of Work possible and efficient in the IoT environment and is likely to become the next security standard for IoT.
Dominik Scheiner, Co-founder and Co-Chairman of the IOTA Foundation (IOTA) believes the partnership will provide a vital regulating base from which a better supply chain can be built.
The IOTA Tangle and its lightweight architecture is specifically designed to support smart devices and become the integrity layer for the IoT. We are looking forward to collaborating with Kontakt.io and to empower the building blocks for a smarter supply chain using their powerful IoT platform. With this partnership we also have the potential to ensure delivery of trusted and non-damaged medicine to patients by providing the needed supply chain visibility. This is a very meaningful and important endeavour.
Together with sensor-equipped tags and the IoT application platform, the IOTA module will become part of Kontakt.io’s turnkey offering for healthcare and supply chain. Kontakt.io has already developed a working prototype of this solution and has scheduled first commercial rollouts later this year. The next goal is to offer IOTA beacons in prototyping kits. Both Kontakt.io and IOTA are going to talk about their technology as well as the future outlook for IoT and Distributed Ledger Technologies in a joint webinar on May 22nd. Sign up here to join the discussion.
Kontakt.io digitalizes the physical world. Our Internet of Things (IoT) platform and Bluetooth Low Energy (BLE) tags and beacons are the cornerstone of solutions improving mobile customer experience, indoor wayfinding, asset and people visibility, and condition monitoring. We focus on public spaces, healthcare, and food and pharma supply chains. With more than two million devices shipped, hundreds of installations in place and a global customer and partner base of 20,000 businesses, we are the number one beacon provider globally. Reducing the risk of IoT project failure through high quality technology, expertise, and support has garnered Kontakt.io a loyal customer base that continues to grow. Our in house R&D focuses on connecting artificial intelligence, blockchain, and IoT. To date, Kontakt.io has raised seven million dollars in venture capital.
Sign-up for the webinar on May 22nd: Learn how IOTA and Kontakt.io was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Apart from Tron, most coins didn’t register impressive gains as May 20 price action. Nonetheless, we still expect market participants to bid up the likes of Tron, IOTA, and EOS and to some degree, Stellar Lumens which has been characteristically low key. I would also recommend keeping an eye on Litecoin today. We expect price...
It is no surprise Tron (TRX) is maintaining the 9th position in the table because the altcoin has been eyeing a bigger position than this, even before getting a seat in the top ten. Not just yen or zeal, but efforts exerted are worthwhile despite the fact that the market remains volatile. In a statement […]
FOMO Moments Another Monday morning in crypto land brings us a little more hope as markets are once again climbing back towards $400 billion. Bullish technical signals are aplenty and Bitcoin is currently 2.9% up on the day at $8,500. The weekend has been flat with no news or momentum in either direction. Altcoins are...
It’s just four days before Tron launch their Tron Virtual Machine (TVM) and already there is injection of momentum. Yes, I’m net long Tron and that’s a technical and sentiment advice based on historical formations before announcement of coin specific developments. In my view, TVM is a plus and while we expect more updates before...
By all accounts, alt coin sellers have had the upper hand this week. EOS, Tron and IOTA were some of the coins that saw double digit erosion but encouragingly for buyers, there seems to be a re-bounce. By yesterday, Litecoin, EOS, Tron and to some degree Stellar Lumens were trading within very tight range and...
There is no denying the fact that technological innovations are in thousands or millions today. To get the ones that stand out among them is one major problem that the tech community has been experiencing for some times now. One noble thing in the blockchain world is IOTA (MIOTA), the technological embodiment that every companies […]
Besides EOS that have subtle hints of higher highs following May 16 bullish pin bar or spring, other coins including Tron are printing negative gains in the last 24 hours. Of note is how Stellar Lumens prices are behaving despite good news. Despite everything, it is engaging the sell gear and slowly aiming for 30...
The latest news in town indicates that IOTA’s yen for partnership has grown bigger, the platform has collaborated with the leading IoT (Internet of Things) location platform provider Kontakt.io. Kontakt-IOTA Foundation partnership was moulded towards incorporating Kontakt.io’s location platform with the distributed ledger technology of the non-profit open-source foundation. According to the press release by […]
Other than Tron which somehow found support following their website overhaul, sellers are in charge in month coins. To give you a perspective, IOTA is down 20 percent in the last week for example and Litecoin is struggling to edge past $140. Instead what could happen is a slow down past $130 and $110 in...
The 9th largest cryptocurrency by market capitalization named IOTA [MIOTA], created by IOTA Foundation [nonprofit German-based organization], impacted the cryptoverse heavily with its debut in the top ten list of coin’s and giving birth to a new term of cryptos 3.0 in the community. First things first, IOTA joined the crypto-world in 2015 with the work of David […]
Dyrell Chapman is an Architectural Technologist and technology enthusiast currently working as the Chief Enterprise Architect at Geometric Energy Corporation. As a co-founder of the company he has been involved in the research and development of numerous projects. He graduated from his program at the Southern Alberta Institute of Technology in Calgary, and has been working at Geometric energy since its inception in June 2015. His primary focus at GEC is prototype development, technical documentation and feasibility analysis for solar and vibrational energy harvesting.
While attending his program at SAIT he became fluent in drafting and BIM analysis, which he translated into technical analysis tools for prototype development and iterative design testing. In his youth he was an enthusiastic learner of basic programming languages, skills he used to aid in the development of an in house solar ray tracing program as well as an accurate solar tracking device for use with LCPV arrays. Recently his attention has become fixated on distributed ledger technology, IoT hardware design, and how to integrate the two fields with one another.
On joining IOTA
I am honoured to have been presented the opportunity to assist in the community development of Iota. I believe Iota to be an evolutionary jump in DLT development and I look forward to having the chance to help make the Iota dream come true. Decentralisation and smart contracting are the future, and I strongly believe Iota to be cutting edge with respect to their secure and scalable approach to distributed computing and ledger technology.
Welcome Dyrell Chapman to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
If this is a retrace before a bullish explosion, I don’t know. What is clear for sure is that EOS, Tron and a host of other cryptos under our radar are reversing their two or three days gain. Spearheading this depreciation is EOS which is down eight percent in the last 24 hours and quickly...
Andrea Villa is a self-taught computer hacker, devops and entrepreneur, with 15 years experience in the field of system administration, information security and networks. Passionate about Linux kernel hacking since a young age, during his MSc in Networks and Operating Systems, he hacked the TOMOYO Mandatory Access Control system, achieving a successful port to the Android platform.
During his career Andrea served in multiple roles: as a cloud architecture specialist, devops, and, most notably, as a senior security consultant for renowned clients worldwide: attacking banks, smart cars, embedded devices, complex corporate networks and participating in hacking competitions along acclaimed CTF teams.
Fond for new experiences and challenges, he founded Eureka, a platform for running computational science on the cloud, where he served as CTO.
As a fast-paced and bleeding edge tech organization, I believe IOTA faces several security challenges in terms of protocol, implementation, operations and infrastructure that require pro-active scrutiny and solving. The Tangle technology may very well constitute the future foundation of a large variety of applications, being part of the effort to deliver an usable and secure IOTA to the general public is both challenging and exciting.
Andrea’s impressive resume made it very easy to invite him on board the IOTA Foundation to leverage his skills and experience, particularly in regards to security. Given that IOTA has properties that make it ideal as a counter measurement to a lot of hacks, Andrea’s background is a perfect fit to further drive this aspect of the project. Give him a warm welcome!
Welcome Andrea Villa to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
It’s only 10 days before Tron snapshot begins and while we expect a vibrant Tron as investors shuffle to login to their respective exchanges, prices might end up on a high. Anyway, like Tron, the same pattern might pan out in IOTA now that IOTA prices are finding support and rejecting $1.5. Other than these...
There are some pretty nice developments in the markets that we should remain positive despite the down trend. As it is-and playing by the technical development-we expect prices to bounce back with Litecoin and IOTA probably spearheading that recovery. It’s obvious that prices are building on May 12 gains and that should continue today maybe...
Of course, news of UpBit involvement in fraud is shocking and more so spells doom for EOS and Tron coin holders. This is because the majority of the exchange’s trading volumes come from the latter’s demand or liquidation. It’s a definite EOS, Tron and Litecoin sell signal visible for everyone here. However, we cannot attribute...
After periods of modest gains in the first half of the week, sellers are now shifting gears and eroding gains in most coins under our focus. Litecoin, Tron and IOTA offer good examples. In this regard, I expect to see a further buy pressure relieve with IOTA and Litecoin sellers in particular retesting previous supports...
Michael Nilles is executive member of the Board of Directors and Chief Digital Officer (CDO) for Schindler. Michael also serves on the Supervisory Board of Deutsche Lufthansa AG.
Michael brings more than 20 years of experience spearheading digital innovation and large-scale digital transformations for multi-billion industrial businesses. As an early adopter of the Industrial Internet, he gained extensive knowledge in deploying smart, connected and data-driven capabilities at scale and developing new digital business models.
Prior to joining Schindler, he held various executive management positions at Mannesmann and Bosch Rexroth. As CIO of Bosch Rexroth, he digitized the entire value chain driving operational excellence. Michael began his career as software engineer at SAP. During international assignments, he worked and lived for several years in China and in the US.
He holds a master’s degree in business administration and computer science from the University of Cologne, Germany and is an alumnus of Kellogg School of Management, Northwestern University, USA. In 2015 he received the MIT Sloan Leadership Award.
On joining IOTA Foundation
The Industrial Internet of Things today is very powerful within individual industry sectors, but it lacks a decentralized and trusted machine-to-machine transaction layer to fully enable cross-industry ecosystems. The smart city of tomorrow for instance will require bridging autonomous mobility and intelligent buildings. IOTA with its Tangle based Distributed Ledger Technology is best positioned to fill this gap.
I’m delighted to join the IOTA Foundation and become part of this transformational journey for many industries.
We are excited to have Michael Nilles join the IOTA Foundation as our efforts towards smart cities and infrastructure is being focused and prioritized. Michael’s thought leadership in the Industrial Internet of Things and deep experience in transforming industries will be of great value for the IOTA project as it continues to cement its leading role in the DLT space. Give him a warm welcome!
Welcome Michael Nilles to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Nothing much from the fundamental end other than this nice recovery in prices in most coins under our radar. Our focus today is Litecoin and how prices are bouncing off previous support at $160. Because of clear rejection of lower lows, odds are Litecoin shall edge higher today. Let look at these charts: EOSUSD (EOS)...
Background on the reclaim process — the bundle bug
As most members of the IOTA Community know, in October of 2017 a bug was found in the early normalization code for IOTA transaction signature bundles. The details are highly technical, but the intrepid may check out Eric Hop’s excellent blog post on the IOTA signing process to fully understand them. For the less technically-minded, the upshot is that the bug put the IOTA tokens of certain users at risk by partially revealing a portion of the private key generated for specific addresses. This would have made it easier for malicious attackers to potentially “brute force” hack the remainder of those addresses’ private keys and thereby steal the tokens.
The IOTA open source community quickly came together to develop a patch for this bug. Over the course of three days, the coordinator was shut down (to make it more difficult for any brute force attacks to be confirmed), a patch was deployed, and the community of full node operators reached a consensus to carry out an emergency snapshot to prevent the loss of any user tokens.
In the current version of the Tangle’s deployment, snapshots are carried out on a periodic basis to prune the ledger and make it faster by removing all zero-balance addresses. (A general explanation of snapshots in IOTA can be found on the Hello IOTA Forum.) In this case, however, the community took the unprecedented decision to carry out a snapshot that would essentially wipe out the effects of the bug by sweeping the at-risk tokens to new, safe addresses from which they could be returned to the original owners via a reclaim process.
It is important to stress that this step was not taken lightly and was not carried out by any single individual or organization. Rather, the idea was proposed and debated by the community of IOTA developers and then put to a vote by the entire network of IOTA full-node operators worldwide. Motivated by the belief that rescuing the at-risk tokens was the right thing to do, the full node operators — some of whom remain anonymous — unanimously opted to validate the snapshot and rescue the at-risk tokens. The rescued tokens were then made subject to a reclaim process which was announced in an IOTA blog post on 25 October 2017. A further update on the reclaim process was then provided on 9 November 2017.
Many users have already received their tokens back through the reclaim process, while others are still waiting (more on that in a minute!).
The double reclaim problem: why some reclaims need to go through identity verification
The fact that IOTA is a public, permissionless distributed ledger means that users can create wallets, obtain IOTA tokens, and send and receive transactions via the Tangle without ever having to notify or share their personal details with anyone. Permissionless innovation is one of the core features of IOTA’s design. It is a bedrock commitment which the IOTA community shares in common with many of the leading open source projects in the blockchain and distributed ledger space. For this reason, neither the IOTA Foundation nor anyone else who contributes to or uses IOTA has any way of knowing — on the basis of the protocol alone — who owns which individual IOTA addresses.
This privacy-by-default design fosters permissionless innovation within the IOTA Ecosystem, and this is something we are very proud of. But it also poses special challenges when it comes to completing the token reclaim process. In certain cases (around 200), more than one person submitted a reclaim for the same IOTA address. This may have happened inadvertently. For example, a user attempting to reclaim his or her tokens might have submitted a reclaim request asking to have the tokens sent to new Address A, then later submitted a second reclaim request asking to have the same tokens sent to new Address B. Perhaps the user did this because s/he had meanwhile used Address A for something else (and everyone knows you should never use an IOTA address more than once!). Or perhaps the user wasn’t sure if the first request had successfully been recorded, so s/he submitted a second one out of an abundance of caution. Our working assumption is that many of the double reclaims amount to simple innocent mistakes of this sort.
We cannot rule out, however, that some duplicate reclaims might represent attempts by thieves to steal the tokens of other legitimate users. Since the bundle bug revealed portions of the affected users’ private keys, it is theoretically possible that a savvy hacker might have been able to brute-force the remainder of the private key and submitted a reclaim for someone else’s tokens. Unfortunately, without obtaining the further information detailed below, it is not possible to determine who, among two or more claimants who have proven that they know the affected wallet’s private key, is the legitimate owner of the tokens.
For this reason, the IOTA Foundation has contracted third-party vendor IDnow to perform identity verifications on the wallet owners. This will help us determine who is the valid owner of the disputed reclaims and return the tokens to their rightful owners.
How do I know if my reclaim needs to go through identity verification?
A list of reclaims that need to go through a “know your customer” (KYC) identity verification process was originally published on 31 December 2017 in the IOTA blog post titled “Claims and Reclaims: Finalization”. You can also scroll down to the end of this blog post to find a link to the most recent list. If your wallet address is part of that list, you will need to go through the identity verification process in order to receive your reclaimed tokens.
How do I complete the identity verification process and get my tokens back?
To walk you through the process, we have created a simple microsite hosted on the IOTA Foundation’s main website. To initiate the identity verification process, simply go to this microsite and follow the instructions provided.
We have designed the process to be as user-friendly and transparent as possible. Here is a step-by-step overview of how it works:
Step 1: Read through this blog post and make sure you understand:
why your reclaim needs to go through identity verification;
how to initiate the identity verification process;
how your data will be collected, used, transmitted, and stored during and after the verification process (see the data protection and data privacy explanations below);
who you can contact for help if needed.
Step 2: From a secure web browser, go to the website https://kyc.iota.org. For security reasons, you should do this when you are logged onto a network which you know to be safe, for example a password-protected home network. Do NOT use a public WiFi connection or any other shared network where your connection may not be secure.
Step 3: Enter the seed of the IOTA wallet for which you are claiming a refund in the space provided on the web form.* The web app will create a cryptographic hash of your seed as you type it.
* Wait, why is this safe? After all, the IOTA team members are always telling us we should never, ever type our private seeds into random websites!
Very true! You should never, ever type your private seed into a random website or otherwise give it out to anyone whom you do not know and 100% trust, because whoever controls your seed controls your tokens! In this case, however, you have already lost control of your tokens, so you have nothing more to lose. In addition, as explained above, this microsite is hosted by the IOTA Foundation, and it was designed to create a hash of your seed as you type it on your local machine. Your actual seed will not be stored or transferred. Only the hash of your seed will be transferred to IDnow.
Step 4: Click on the hyperlinked text that says “”, which is located to the right of the “I agree” box. This will open up a dialogue box containing essential information about the identity verification process. Once you have read all of the information, close the dialogue box and provide your consent by checking the box that says, “I agree”.
Step 5: Next read through the “disclaimer” section at the bottom of the microsite and double check that you have entered your seed correctly.
Step 6: Click on the button that says: “Start KYC process”. The web app will redirect you to IDnow’s website and will automatically send IDnow the hash of your wallet seed.
Step 7: Follow the instructions provided by IDnow and complete your identification verification as instructed by IDnow’s personnel via video. Note that IDnow will verify your identity in a manner that is compliant with German and EU anti-money-laundering regulations. This means you will need to have a voice and video connection on your device (microphone and web cam), and you will need to have the following information handy when initiating the identity verification process:
Date of birth
Place of birth
Passport or national ID card
Piece of paper and pen or pencil
Device capable of taking a digital photo
Step 8: Once you’ve successfully completed the IDnow identity verification, that’s it! Sit back and relax.
What happens next after my identity has been verified?
IDnow will send the IOTA Foundation a list of the hashes corresponding to the successfully identified wallet owners and the IOTA Foundation will reach out to these owners to confirm the address to which they would like these tokens to be sent. The IOTA Foundation will initiate the transfer of the reclaimed tokens to the rightful owners of the verified wallets within 30 days of receiving confirmation of successful identification. The major advantages of this process are:
the IOTA Foundation can have confidence that it is returning the reclaimed tokens to their legitimate owners, since the IDnow identification process greatly reduces the risk of fraudulent reclaims; and
the rightful owners of the tokens can get their tokens back without ever having to reveal any of their personally identifying information to anyone at the IOTA Foundation.
How long will I have to complete the identity verification process for my reclaim?
The reclaim microsite and the IDnow verification process will remain open for 90 days. As noted above, you will receive your reclaimed tokens within 30 days of the IOTA Foundation receiving confirmation from IDnow that your identity has been successfully verified.
What will happen if I don’t complete the identity verification process?
It is the IOTA Foundation’s goal to return all reclaimed tokens to their rightful owners. We strongly encourage the legitimate owners of the wallets for which multiple reclaims have been filed to voluntarily submit to this identity verification process so that we can return your tokens to you as quickly as possible. We have done our best to design this process in a way that protects your privacy. In the case of tokens for which no rightful owner steps forward to undergo identity verification, the IOTA Foundation will continue to hold the tokens in safekeeping pending further advice from legal counsel. It is likely that these tokens will at some point be deemed to have been legally forfeited as a matter of law.
What will happen to my identification data after my identity has been verified and my reclaim processed?
IDnow will send the transcripts of all successful identifications — including full identification details — in a secure, encrypted, offline form, to the IOTA Foundation within 30 days of completion of the successful identification. The IOTA Foundation will store these encrypted identification details in a secure, encrypted, offline form for as long as is legally required under applicable German and European anti-money-laundering laws and regulations. The encrypted files will then be destroyed by the IOTA Foundation within 30 days of the end of the legally required retention period. We are currently obtaining legal advice to clarify the period of time for which storage of the encrypted files will be legally required. We will post an update to this blog post as soon as this information becomes available.
The data files corresponding to unsuccessful identifications (aborted identification attempts) will not be transferred to the IOTA Foundation.
For its part, IDnow will destroy its copy of all identification data after a 30-day period following the successful identification or aborted identification attempt. This is in accordance with IDnow’s usual data protection policies.
Where can I find further information about the data privacy policies applicable to my reclaim?
Who can I contact if I need help getting through the identity verification reclaim process?
For assistance with filling out the identity verification reclaim form hosted at the IOTA Foundation microsite https://kyc.iota.org , please contact: email@example.com.
For assistance with IDnow’s identity verification process, please contact IDnow’s support desk at: firstname.lastname@example.org.
Who can I contact if I need help with a reclaim that does not need to go through identity verification?
If you need assistance with a reclaim that does not appear on the identity verification list at the bottom of this blog post, you may contact our reclaim email address for assistance.
We wish to extend our sincerest apologies to all IOTA users who were affected by the October bundle bug. We greatly appreciate your patience and your continued cooperation as we work together to return all tokens to their rightful owners.
IOTA Reclaim Identification Verification Process was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
What is the IOTA?
If the Aether is turned towards smart contracts, the IOTA (or MIOTA) is linked to connected objects, to the Internet of Things, which some people call “fourth”. industrial Revolution”.
Created in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener and Dr. Serguei Popov. IOTA is based on a technology that allows free and instant transactions between machines in the Internet of Things environment.
Unlike Bitcoin and most cryptocurrency, IOTA units already exist (2.779.530.283 in total), and the motto is not based on the mining system (creation of units via computers, note).
IOTA also differs from other cryptocurrencies in that it does not rely on the blockchain technology mentioned above. It is based on Tangle technology, fully decentralized, which allows transactions at no cost, secure, and instant.
The applications are numerous. The IOTA allowing micro-transactions since there are no fees, many companies, including small businesses, merchants could be interested. The Tangle technology on which the IOTA is based can also be used to transfer data, can be applied to set up electronic votes, or even serve as a basis for encrypted e-mail.
IOTA could also be set up in the area of the shared economy. We can imagine Paris Vélib ‘working with this technology, but all kinds of connected objects could be shared.
The IOTA has experienced a recent craze its course passing in less than a week of a few cents to more than 3 dollars per unit. This interest is explained by the announcement of a partnership with major companies such as Microsoft, Samsung, Cisco or Volkswagen.