The IEEE ICBC is a premier forum for the latest research in the field of DLT. At the IEEE International Conference on Blockchain and Cryptocurrency 2019 in Seoul, South Korea, several members of our research team co-authored and presented the paper ‘Achieving Fairness in the Tangle through an Adaptive Rate Control Algorithm.’
The paper, co-authored by Dr. Luigi Vigneri, Senior Research Scientist at IOTA and member of the Coordicide team, proposes a novel algorithm to deal with network congestion and to prevent spam attacks in the Tangle. Instead of using Proof of Work with fixed difficulty (as in the current IOTA implementation), the work suggests to adapt it depending on node reputation and the number of transactions recently issued. This allows slow nodes to get their transactions confirmed with high probability while introducing a throughput cap for potential attackers.
At the conference, Director of Research Dr. Moody Alam also served as a panelist on the “Beyond Cryptocurrencies” roundtable, where he discussed the current status of research into scalable DLT, as evidenced by IOTA, as well as a vision for the role of these new technologies in the near future.
IOTA also set up a desk in the conference hall, where our paper and broader vision received a lot of interest from conference participants.
Having a paper accepted and presented at IEEE ICBC is no small feat, and served as a true testament to the growth and strength of our research team. We look forward to sharing more research through public research forums such as these in the future.
IOTA presents at IEEE ICBC in Seoul was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
We are pleased to release the results of the Trinity audit conducted by world-leading cybersecurity firm SIXGEN. A security assessment of all desktop and mobile versions (Windows, Mac, Linux, iOS and Android) revealed an overall LOW risk of compromise from external attackers. Wallet security is at the core of the Trinity team’s approach and we maintain high standards across all app areas. The audit results validate this approach and confirm the overall security of Trinity as a method for safeguarding IOTA tokens. The report can be found here.
The audit was performed in a two-stage process. First SIXGEN conducted manual and automatic analyses of encryption methodologies, sensitive data handling, network and OS interfacing, alongside emulation of real world attack attempts. And provided remediation steps for their findings (all of low and informational risk level). Then, working together with the SIXGEN team members, the Trinity team applied the suggested remediations. And finally, the SIXGEN team reassessed and retested those remediations.
“We reviewed the security of the Trinity wallet and determined it to have a low risk of compromise from external threats,” said Ethan Dietrich, CEO, SIXGEN, “It is clear the Trinity team takes security very seriously and has applied best practices throughout the wallet’s development.”
Trinity beta is available for download on all major mobile and desktop platforms.
IOTA Foundation Releases the Results of the Trinity Security Audit by SIXGEN was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Simply track the provenance and authenticity of your shirt IoT software company EVRYTHNG and fashion labels ALYX and Avery Dennison utilize IOTA for supply chain to prove authenticity and product journey. Read more…
Smart City Contest Winners Discover all the winning projects in the fields of Smart Mobility, Smart Energy, Smart Buildings & Smart Districts. Read more…
In case you missed it…
Subscribe to the Newsletter (and receive it directly to your email)
IOTA Newsletter #11 — Coordicide Blueprint, Supply Chain Tracking, Smart Cities & more was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Food allergy can be a fatal threat for unaware consumers. But even the most cautious allergy sufferers run a daily risk when they carefully pick their groceries.
The labels on packaged food can be hard to read and difficult to understand and they might not even be accurate. The complexity of supply chains and food manufacturing processes makes it almost impossible for our current systems to ensure the level of granularity that can mean a deadly difference for sensitive immune systems.
And that is just talking about the well-known allergens that are relatively easy to track.
There are other hidden allergens that might contaminate a given batch of packaged food. This happens when different foods share the same production line. This is not uncommon in the food preparation industry. Small traces of an allergen can then appear in the food which was supposed to be allergens free.
Peanuts in the porridge?
As an example, think about pre-packaged porridge being manufactured on the same production line as peanut butter. The porridge might still contain traces of peanuts. Such allergens and the associated risks are much more difficult to track as they can affect only a few batches and only for a limited production time.
In order to ensure food transparency and consumer safety the IOTA Foundation and Primority have partnered to collaborate on an easy-to-use and innovative approach combining the best of cutting-edge technologies.
Using the 3iVerify platform, Primority’s customers (food manufacturers), can collect accurate information related to their manufacturing chains. Such information spans the accurate tracking of used raw materials and their suppliers, as well as a detailed assessment of food production processes.
Reaching consumers with IOTA
By storing this valuable information on IOTA’s immutable distributed ledger, the Tangle, consumers will also be able to gain full insights about the allergens they seek to avoid by the simple act of scanning a barcode on just one app on their phone.
Consumers will be able to do so without sharing any personal, sensitive information, and without owning any cryptocurrency.
Thanks to IOTA’s permissionless nature, food manufacturers will be able to seamlessly share the data via feeless micro transactions without dealing with complex and costly business models and infrastructure.
Here is how it works:
With the consent of the food manufacturer, the information collected by the 3iVerify platform is shared on the IOTA Tangle. This is done using MAM Channels.
“MAM (Masked Authenticated Messaging) is a second layer communication protocol that allows to easily create and read data stream on the IOTA Tangle, guaranteeing the integrity of the information and protecting its confidentiality through encryption.”
A dedicated MAM channel is therefore created for each specific food product. A dedicated code, usually the same as on the corresponding food packaging, is used as identifier of the MAM channel. A digital twin is created for the product and contains the list of allergens identified in the product together with its expiry date. The expiration date is used to select the correct MAM message with the information matching the right product batch once the product label is scanned.
MAM Channels were preferred to single IOTA transactions to share product information because it allows us to easily issue, connect and retrieve updated information about the given product. By simply issuing new MAM messages for the same channel, food specs can easily be updated.
Differently, using single IOTA transactions the complexity cost of maintaining consistency across different updates might exceed the value of the shared information and reduce scalability. Particularly when the variety and quantity of food products increases.
Once stored into the IOTA Tangle this information becomes immutable and its integrity guaranteed, thus manufacturers take responsibility to confirm that shared information is the one contained in the Primority database. To confirm this, a hash of the product information contained in the Primority database is added to the digital twin.
Once on the IOTA Tangle, information can be accessed from anywhere and by anybody. For demonstration purposes Primority developed the AllergensCheck App.
Through the app, consumers can scan any food product in their hands. Using the food barcode and expiration date, the right MAM channel is selected and all the MAM messages containing an expiration date earlier than the indicated one are fetched.
To increase safety and overcome the impossibility of current barcodes to track information at product level, the superset of allergens identified in the specific product, before that closest expiration date, is presented to the consumer.
This allows consumers to make an informed choice on the packaged food they wish to buy, by having greater real-time awareness of any food safety risk.
Watch how the app works in practice
Thanks to a decentralized system similar to the one developed, consumers do not need to share any sensitive information related to their food allergies. Such information can simply be stored inside the app and user mobile phone and used only to simplify identifying risks once the food product information is fetched.
Moreover, a similar system does not require any consumer log in into the app and information can be fetched from any app or even by using any Tangle explorer available on the web (e.g. thetangle.org). Retailers or any third party can integrate the same logic and the available information to provide the same food allergens service as part of their offer to customers .
Furthermore, IOTA’s permissionless nature allows food app developers to access an already and always available and general purpose infrastructure for the access of required data, without the need to perform one-to-one integration with proprietary systems. This increases interoperability.
In order to evolve and facilitate the adoption of our Proof of Concept we are currently integrating industry standards for the sharing of product information (e.g. GS1 Digital Link) and testing the use of new product codes (such as a QR-code) in order to provide more granular information at product rather than only batch level.
To leverage the full IOTA power we are now investigating the role of tokens as incentives to generate more consumer awareness by rewarding scanning activities and other desired user behaviors.
If you are a food manufacturer and you want to discuss how to integrate with IOTA in a similar way or if you are a food retailer that wants to access the white label app, please get in touch with: James (email@example.com) and Michele (firstname.lastname@example.org).
In order to better tackle industry-wide standardization activities, we are also establishing a solution group working on standardized APIs. Please show us your interest to participate by getting in touch with: Jens, email@example.com
IOTA-Primority Partnership: How to improve food and consumer safety? was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Jake lives in Surrey, the United Kingdom where he earned his Bachelor’s degree in applied languages, including translation, French, Spanish, Arabic, and technical communication. Before IOTA, Jake worked as a technical writer and localization manager for a leading manufacturer of microprocessor-controlled prosthetics as well as a multichannel marketing platform.
Jake is joining IOTA as Technical Writer in the Ecosystem team. In this role, Jake will focus on expanding, updating and ensuring the consistency of the documentation portal.
On joining IOTA
I find that a lot of information in this field is technical and full of new jargon, which makes it difficult for newcomers. My goal as Technical Writer is to write structured content in plain English, which is easy to understand for native and non-native speakers alike.
I love working in an open-source environment. Having feedback and input from the community is a luxury that many in the field don’t have. It’s a novel experience and one that I thoroughly enjoy. I’m honored to work with such great colleagues and I’m looking forward to being a part of the future of IOTA.
We are very happy officially announcing Jake Cahill joining the project, his experience as a technical writer is of great value to the IOTA foundation. The translation of technical knowledge into plain language is key to bring IOTA to the masses as a standard, in that regard Jake has the perfect skill set. Give him a warm welcome!
Welcome Jake Cahill to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
In this episode of Untangled we are talking to Dan Simerman, the new Head of Financial Relations in the IOTA Foundation and Frank Zhou, founder & CEO of Zeux, a banking and payment app that recently partnered with IOTA.
We talked about supporting the digital infrastructure of the IOTA economy, the future use of cryptocurrencies and what it will take for cryptocurrencies to reach mainstream adoption.
Listen to the episode here:
Supporting Digital Infrastructure of the IOTA Economy | Untangled
Provide your feedback here:
Untangled is available on a wide array of platforms; all listed below:
Season Finale: Untangled Episode #14: Supporting Digital Infrastructure of the IOTA Economy was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
We recently reported that IOTA is about to change things big time in the crypto space. It made a massive step towards becoming the “the first permissionless and scalable DLT technology” by eliminating the centralized coordinator from its mainnet. Just to make things more transparent, Dr. Serguei Popov hinted at the fact that the release … Continue reading "Let The Future Begin: IOTA Explains The Reasons For Which Coordicide Is Vital Via A Video"
IOTA is working on solving stringent scalability issues that have been plaguing the crypto space. More outlets have revealed today that IOTA was able to mark a pretty impressive achievement. It made a massive step towards becoming the “the first permissionless and scalable DLT technology” by eliminating the centralized coordinator from its mainnet. Here are … Continue reading "IOTA To Head Towards Decentralization And Solve Scalability Issues With Its Coordicide Release"
IOTA (Internet of Things Application) continues to make strides in the IoT (Internet of Things) field. This time around, it has a slightly new development happening on the background; the Qubic Project. While it may...
With the launch of the Coordicide website we are proud to unveil our blueprint for the Coordinator’s removal — a momentous step towards realizing IOTA’s promise as the first decentralized and scalable DLT.
The website offers a detailed introduction to the challenge of scaling DLT. Those more familiar with these technical challenges can jump right into the main content — a description of the building blocks that make up our solution, and the features and strengths of a post-Coordinator Tangle. Of course, we have also included our technical papers, and encourage you to delve into them.
It is both exciting and humbling to have achieved our current level of progress in such a short space of time. Indeed our first research summit (ReSum) was held in Barcelona only in February of this year. The maturation of the IOTA Foundation has been a critical factor in our recent successes. In November of last year, we announced the formation of the IOTA Research Council, comprising Prof. Bill Buchanan, Prof. Robert Shorten, our director of research Moody Alam and co-founder Serguei Popov. The team’s sole focus is now on actualizing the ideas presented on the website — a goal we believe to be eminently achievable.
Removing the Coordinator from the IOTA network will realize a long sought after goal in the field of DLT: scalability without centralization. The solution itself is inherently modular, meaning that users will have ultimate freedom to tailor the system to their individual needs. Its implementation will be a major milestone in the IOTA Foundation’s goal of creating a truly enterprise-ready DLT.
We hope you enjoy our video introduction to Coordicide.
Have a look at the press release here.
We look forward to providing updates about the progress of our simulations, prototyping, and incoming testnets. In the meantime, please feel free to submit feedback through the website, or join us on Discord for a chat!
IOTA Announces Coordicide Solution was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
BITCOIN continues to create financial drama marked by surges and dramatic falls Here is everything you need to know if you’re thinking of investing in Bitcoin or one of the other fashionable cryptocurrencies… How do I buy Bitcoin? The most common way to buy the currency is to download a broker app such as Coinbase […]
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.