IOTA and EVRYTHNG Collaboration: This is how you make a transparent supply chain

IOTA and EVRYTHNG Collaboration: This is how you make a transparent supply chain

14:07 - 17/04/2019

iota.org

The collaboration between IOTA and EVRYTHNG announced today is designed specifically for making product supply chains transparent in order to meet the urging demands for sustainability from people and planet alike.

Supply chains are complex systems that currently lack transparency. Increasing transparency among supply chain stakeholders is already a daunting task. Exposing this transparency to consumers is even more difficult.

But what if consumers could demand transparency? Today’s consumers want to make informed choices about the products they purchase. Particularly in the food and fashion industry, provenance data can help consumers assess the authenticity and sustainability of the products they purchase.

Securing transparency with DLTs

Public distributed ledgers can help manufacturers open up supply chain data to their customers. Storing this data on distributed ledgers allows any customer to access it either from a dedicated app or with a simple web interface, without the need for any log-in detail or sharing of personal data.

EVRYTHNG’s mission is to give unique digital identities to a range of consumer goods. Using this identity, an object (like a handbag or a bottle of whiskey) can be followed along its production chain, while collecting data about its manufacturing process.

For luxury items, such data becomes important to prove their authenticity and can combat the half-trillion-dollar counterfeit industry. In the case of organic food, the same data is useful to prove compliance to high production standards.

The information contained in this data often fails to reach consumers in a trusted and transparent way. Instead, it remains siloed by manufacturers who face the challenge to prove the integrity and authenticity of this data to consumers.

When information is provided to customers via a centralized platform, it has often been aggregated by numerous actors in the supply chain and filtered through a middle man.

This increases the risks of tampering or false information and authenticity of consumer goods cannot be proven if there is no trust in the authenticity of the data used to prove it.

A first step is offered by new mobile technologies. Combined with a QR-code or other scanning and tagging technologies, unique digital identities can be used to link physical goods to their digital representation and provide their related data to consumers.

But this data is still not enough to prove the authenticity of the attached goods.

Distributed data integrity for digital doubles

IOTA is committed to providing data integrity by allowing data to be stored on a distributed ledger which is easy to access and available to everybody. IOTA’s distributed ledger, the Tangle, is ideal for these micro-transactions given its feeless and permissionless nature.

For a goods manufacturer, the feeless micro-transactions structure allows any of its business partners to send IOTA transactions without dealing with the complexity of setting up wallets and buying cryptocurrency.

For customers, accessing the IOTA ledger and the information shared on it does not require ownership of cryptocurrency nor to install a wallet. All involved actors can send small amounts of data to the IOTA ledger without the need to identify complex business models to cover the costs of managing this trust infrastructure.

Furthermore, IOTA’s permissionless nature allows users to access an always available and general purpose infrastructure provided as a service to deploy new applications.

This removes the need to first solve and define complicated governance rules and stakeholders agreements before any infrastructure can be deployed.

Supply Chains Transparency made easy for customers

With EVRYTHNG and IOTA technologies coming together, product data can be opened up to consumers with embedded authenticity and integrity.

With this in mind, back in January, we organized a small half-day IOTA/EVRYTHNG hackathon.

The target was simple: increase trust in the products data that the EVRYTHNG platform collects and transfer this trust to the consumers of those goods.

The idea works like this:

As soon as data is collected and attached to a product digital identity, it is stored in the EVRYTHNG platform and at the same time a hash (e.g. SHA256) of it is stored into the IOTA Tangle. This hash becomes timestamped and immutable.

So once a digitized product ends in the hands of the consumers, its digital identity can be instantly scanned with a smartphone and all relevant data will appear on the screen.

To be sure that this data is real and not an altered new version, an app on the consumer’s mobile phone can automatically match the received data hash against the already computed one from the IOTA Tangle. If the two are a match, the data is genuine.

For simplicity, this is done by a dedicated consumer app. However, due to the open nature of IOTA, consumers can also do the same with any tool of their choice, manually exploring the IOTA Tangle through existing and independent web tools (e.g. https://thetangle.org/).

As a result, manufacturers can not repudiate data attached to their products, and even EVRYTHNG can not change it. This way, trust in product data is brought to consumers to empower them with the ability to identify fake data.

How did we do this? In order to support its customers and goods manufacturers needs, EVRYTHNG already developed the Blockchain Integration Hub (https://developers.evrythng.com/docs/blockchain-integration-hub).

The Hub integrates with the EVRYTHNG main solution — the Reactor Rules Engine.

This engine allows the EVRYTHNG’s platform users (e.g. manufacturers) to develop scripts that trigger actions associated to products’ digital identities when specific conditions are met.

Thanks to the integration with the Hub, one of the new supported actions could be sharing the hash of the data associated to a given digital object onto a target blockchain. And in fact the Hub already integrates different blockchains for this purpose.

But how and why has IOTA been integrated then?

It’s very simple.

For each digital identity managed by the EVRYTHNG engine, a digital twin is created. The digital twin is a digital representation of a product that solely contains the information needed to be stored on a blockchain or distributed ledger.

In this case the product’s digital identity and the hash of its associated data. In the case of IOTA, a dedicated MAM Channel is created for each digital twin.

Messages in the given MAM channel carry new versions of the information associated to that digital product. More details can be found here: https://developers.evrythng.com/docs/iota

“What makes a significant step forward here is the simplicity of integration and the natural fit that MAM channels provide to the concept of capturing, sharing and validating supply chain events,” said Dominique Guinard, EVRYTHNG CTO.

“The different events in the life-cycle of a product that need to be sent to a DLT can easily be linked in the same MAM channel, without any extra work,” Dominique concluded.

Without a second layer protocol like IOTA’s MAM, sharing multiple information requires the creation of multiple transactions. And maintaining a link between these transactions requires extra off-line overhead resources.

This is the typical architecture on other blockchains, but with MAM such functionality is prepared and ready to be directly deployed.

In supply chains where each product is digitized, the amount of overhead might be overwhelming and impossible to manage.

Figure below shows the implemented architecture:

IOTA — EVRYTHNG Integration Architecture

However, the availability of the MAM protocol is not the only IOTA feature that perfectly matched the EVRYTHNG use cases and requirements. IOTA’s permissionless nature allows supply chains actors and EVRYTHNG to secure the integrity of the shared data with a computation power which is higher than any other permissioned network.

The same permissionless nature of the IOTA ledger makes it possible to open consumer access to such data immediately, without the need to pre-establish trust with any organization recipient of this information.

In addition, the feeless IOTA transaction structure allows the solution to scale independently from the number and type of supply chain managed identity and events.

The lightweight IOTA protocol, which doesn’t require expensive Proof-of-Work (PoW), meets the requirements of supply chains to design energy-efficient and greener solutions.

Following the success of this implementation, a number of real use cases are currently being tested by EVRYTHING with its customers (e.g., product manufacturers) and their consumers.

IOTA and EVRYTHNG are also exploring the required further development efforts to integrate MAM with supply chain standards, in the aim to establish IOTA as reference architecture for supply chain transparency and traceability.

For more information about the use of IOTA Technology in supply chains, and to discuss more ideas on how to integrate IOTA, please visit:

iota.org/supplychain.


IOTA and EVRYTHNG Collaboration: This is how you make a transparent supply chain was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

Running the IOTA CClient library on ESP32

Running the IOTA CClient library on ESP32

19:07 - 09/04/2019

iota.org

CClient is an IOTA client library implemented in C. This is one of the modules in the entangled project. This post outlines how to run CClient in the ESP32 development framework.

Building the IOTA CClient project on ESP32

If you are new to ESP32, please follow this document to build and run a hello_world example. Below we describe the CClient build.
Requirements:

  • An ESP32-DevKitC
  • USB cable — USB A / micro USB B
  • ESP32 toolchain
  • ESP-IDF (Espressif IoT Development Framework)

Step 1: checkout and initialize the project

This example project calls iota_client_get_node_info() to fetch node information and prints it out on the terminal.

$ git clone --recursive https://github.com/oopsmonk/iota_cclient_esp32.git
$ cd iota_cclient_esp32
$ bash ./init.sh

Step 2: WiFi AP Configuration

Let’s setup the WiFi SSID and password for your project.
Note: ESP32 only supports the WiFi 2.4GHz channel.

$ idf.py menuconfig

Navigate to IOTA CClient Configuration and input your SSID and password.

Setup 3: Build and flash image

Now you are ready to build and flash the image to the ESP32. Please connect to the device via USB.

$ idf.py build
$ idf.py -p /dev/ttyUSB0 flash

Running the application

$ idf.py -p /dev/ttyUSB0 monitor

And you are up and running.

What’s next?

CClient is still an early development stage, but the core and extended APIs are ready to use, so you can:

  • Test CClient APIs on ESP32
  • Porting CClient to other IoT devices
  • Report bugs on the entangled repo

Please join us and continue the conversation on the #entangled-discussion channel of the IOTA Discord.


Running the IOTA CClient library on ESP32 was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTA Newsletter #8 — Coordinator-free Testnet, Crypto Payments, Venture Building, Geo-Tagging &…

IOTA Newsletter #8 — Coordinator-free Testnet, Crypto Payments, Venture Building, Geo-Tagging &…

16:16 - 05/04/2019

iota.org

IOTA Newsletter #9 — Coordinator-free Testnet, Crypto Payments, Venture Building, Geo-Tagging & more

A Testnet with no Coordinator

Coordicide is rapidly approaching and already now you can test the Tangle with no Coordinator. Learn how to here.
Read more…

Recent News

IOTA joins with payments app Zeux
Start paying for everything from coffee to clothes with MIOTA in any place that accepts Apple Pay and Samsung Pay.
Read more…

IOTA supports EU-funded LEDGER to accelerate human centric DLT solutions
€200,000 equity-free funding and 12-month programme available to IOTA and DLT development ecosystem.
Read more…

IOTA Area Codes — A proposal to geo-tag IOTA transactions
Go local and empower your community. IOTA Area Codes enables IOTA-based applications to be built for specific geographic regions.
Read more…

Qubic Explained
Still getting a grasp of the quintessential Qubic? Get started with the first of five blog posts about the ground-breaking computation model.
Read more…

IOTA awards Professor Robert Shorten with Research Grant
Recently announced IOTA Research Council member, Professor Robert Shorten, is awarded with new IOTA Research grant dedicated to three-year Tangle research.
Read more…

A Message from the Board

The IOTA Board of Directors is announcing the departure of Ralf Rottmann, who will be stepping down in his position, effective immediately, due to an ongoing family matter. The current board took over all of Ralf’s responsibilities at the onset of his absence in August 2018, so business will continue as usual. We wish him the best in his future endeavors.

In case you missed it…

Subscribe to the Newsletter (and receive it directly to your email)


IOTA Newsletter #8 — Coordinator-free Testnet, Crypto Payments, Venture Building, Geo-Tagging &… was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTA Becomes A Founding Member of New International Association of Trusted Blockchain Applications…

IOTA Becomes A Founding Member of New International Association of Trusted Blockchain Applications…

13:32 - 03/04/2019

iota.org

IOTA Becomes A Founding Member of New International Association of Trusted Blockchain Applications (INATBA)

Commissioner Mariya Gabriel and Director-General Roberto Viola to Host Digital Signing; IOTA’s Director of Social Impact and Public Regulatory Affairs Appointed to INATBA Board of Directors

Brussels, Belgium, April 3, 2019- IOTA Foundation, a non-profit foundation focused on distributed ledger technology (DLT) and permissionless ecosystem development, announced today it has joined the International Association of Trusted Blockchain Applications (INATBA) as a founding member. INATBA’s core directive is to promote the use of DLT technology by developing a predictable, transparent and trust-based global framework. INATBA offers developers and users of DLT a global forum to interact with regulators and policymakers and bring DLT and blockchain technology to the next stage.

The initiative is an outgrowth of the EU Blockchain Industry Round Table, a European Commission-hosted group convened to identify the right conditions for DLT to flourish. The Association was legally formed in March with more than 100 founding members, including major DLT and blockchain providers, large-scale users, start-ups, and business and sectoral associations.

Digital Signing at the European Commission Headquarters

The digital signing of the INATBA Charter at the European Commission headquarters will be hosted by European Commissioner Mariya Gabriel, who will give a keynote speech, and Director-General Roberto Viola. The digital signatures will be hashed on IOTA’s Tangle network, in addition to other DLTs, to create an immutable audit trail of the signing. In connection with the founding of the Association, Julie Maupin, IOTA’s Director of Social Impact and Public Regulatory Affairs, was elected to serve on the INATBA board of directors.

“Developing a regulatory framework around distributed ledger and blockchain technologies is essential to their widespread adoption and growth. We have established our own Public Regulatory Affairs team to lead this effort and are excited to be one of the founding members of INATBA. The strength and size of this association, as well as the support of the European Commission and other governments, only further shows the future limitless potential for Distributed Ledger Technologies,” said Dominik Schiener, co-founder and co-chair of IOTA Foundation.

The organizations named below have committed to INATBA’s goals of developing interoperability guidelines and standards, transparent and inclusive governance, and ongoing constructive dialogue with authorities and regulators. The organization believes this approach will be a significant driver of distributed ledger technology innovation and uptake.

As part of this collaborative approach, INATBA’s founders enshrined four goals:

  1. Maintain a permanent and constructive dialogue with public authorities and regulators that will contribute to the convergence of regulatory approaches to blockchain and other distributed ledger technologies globally.
  2. Promote an open, transparent and inclusive global model of governance for blockchain and other distributed ledger technology infrastructures and applications — a model that reflects the shared interests of stakeholders from industry, start-ups and SMEs, civil society organisations, governments and international organisations.
  3. Support the development and adoption of interoperability guidelines, specifications and global standards, to enhance trusted, traceable, user-centric digital services and uphold an open, transparent and inclusive method of multi-stakeholder cooperation.
  4. Develop sector-specific guidelines and specifications for the development and acceleration of trusted sectorial blockchain and DLT applications in specific sectors (i.e. financial services, health, supply chain, energy and financial inclusion).

The organizations are asking other like-minded blockchain stakeholders to join INATBA and help drive the development and deployment of the technology across the globe. For more information on INATBA, visit: https://www.inatba.org/.

For information on IOTA and its work with regulators and policymakers, please visit: https://www.iota.org/get-started/for-regulators-and-policymakers

The founding organizations include:

21 Consulting GmbH

AB InBev (Anheuser-Busch InBev)

AboutGovernance B.V.

ACCENTURE

ACCORD PROJECT, LLC

ALASTRIA

ALIS Co., Ltd.

Ambrosus (Represented by Innolab Engineering SARL)

BANK FRICK & CO AG

Barclays Services Limited

BBFA LTD

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)

Berkeley Research Group (UK) Ltd. (thinkBRG)

Billon Group Ltd

Billon Sp. z o.o

Bitfury Holding B.V.

Blockchain Bundesverband e.v. (Bundesblock)

Blockchain Centre Vilnius

Blockchain Hungary Association

BLOCKCHAIN ITALIA SRL

Blockchance UG

Boerse Stuttgart Digital Ventures GmbH

BOTLabs GmbH

BPCE

BUIDL, Ltd.

Caisse des dépôts et consignations

CARDANO Stiftung

CASHLINK Technologies GmbH

Česká fintech asociace, z.s.

Chaintip B.V.

Climate Change Coalition (Novasphere)

COALA (Coalition d’Applications Légales Automatisées)

COCIR (COMITE EUROPEEN DE COORDINATION DES INDUSTRIES RADIOLOGIQUES ELECTROMEDICALES ET D’INFORMATIQUE DE SANTE)

COCUS Aktiengesellschaft

Coinarmy Bilisim Teknolojileri Ticaret Anonim Sirketi

COMPELLIO SA

ConsenSys AG

Datafloq B.V.

DECENT International, a.s.

DEON DIGITAL

Deutsche Börse AG

Deutsche Telekom AG

DIGITAL GRID Corporation

DLC Distributed Ledger Consulting GmbH

DNV GL Business Assurance Group AS

ECLIPSE FOUNDATION

ECSDA (European Central Securities Depositories Association)

EFN (FEDERATION EUROPEENNE DES ASSOCIATIONS INFIRMIERES )

ELECTRINA HOLDINGS DESIGNATED ACTIVITY COMPANY

ENGIE

ENTERPRISE ETHEREUM ALLIANCE INC.

ERTICO (European Road Transport Telematics Implementation Coordination Organisation)

EVAN GmbH

Everis Belgique

Fractal Blockchain GmbH

Fujitsu Technology Solutions

FUTURE ENERGY FOUNDATION LIMITED

Gnosis Limited

GuardTime AS

IBM BELGIUM

Intesa SanPaolo

IOTA Foundation

IPDB Foundation e.V. (Interplanetary Database Foundation e.V.)

iPoint-systems gmbh

ITALIA 4 BLOCKCHAIN

Jolocom GmbH

Konfidio UG

Kriptomat

Kunfud Cero Seis, SL

LEDGER

Lisk Stiftung

L’OREAL

Lukso Blockchain GmbH

LYNKEUS

MADANA UG

NEC EUROPE LTD

Odilia GmbH

ParkinGO International SA

QPQ Limited

QUANT NETWORK LTD

R3 LLC

Raoof Consultancy Limited

Repsol SA

Riddle & Code GmbH

Ripple Labs Inc.

RoyaltyRange (Intangible Range Ltd.)

S. ESTEBAN CONSULTING LIMITED

SAP SE

Scrypt.Media

SIA S.p.A.

slock.it GmbH

Sovrin Foundation

Stablecoin Integration servies Danmark IVS

Stichting FIBREE

STOKR S.A.

Summitto B.V.

SWIFT (Society for Worldwide Interbank Financial Telecommunication)

Tangany GmbH

TechGDPR DPC GmbH

Telefónica SA

thinkBLOCKtank

Unibright IT UG

Volksbank Mittweida eG

WE.TRADE INNOVATION

Yoti Ltd

About the IOTA Foundation

IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), specifically the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data. www.iota.org

CONTACT:

Cara Harbor

cara.harbor@iota.org


IOTA Becomes A Founding Member of New International Association of Trusted Blockchain Applications… was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTA at Hannover Messe 2019

IOTA at Hannover Messe 2019

20:48 - 02/04/2019

iota.org

If you are working in any industry-related area, you already know that Hannover Messe (#HM2019) is one of the most exciting global exhibitions showcasing the latest news, stories and trends of the industrial world.

The IOTA protocol is maturing towards production through its technological developments, as well as through standardization, partnerships, startups support and our open-ecosystem engagements. We are very excited to also see an accelerating number of exhibitors at Hannover Messe, using IOTA’s open and free technology to demonstrate the benefits of distributed ledger technology.

ecl@ss (hall 8, C14)

eCl@ss is one of the global leaders for standardization, with over 3000 corporates working with the eCl@ss catalogue. Neoception and the IOTA Foundation have extended the current proof-of-concept towards a real-world implementation.

The eCl@ss demonstrator is a set of precise sensors. One of them measuring the distance to an object and categorized through a specific, unique, standardized ID. Any measured distance is being immutably recorded as a data point on the Tangle. From that point, it is easily audible and can be purchased through a micro transaction.

Try it out: as long as the demonstrator is powered, its measurements can be bought through a pre-funded wallet under https://eclass.iota.org/

eCl@ss booth at Hannover Messe 2019
Live purchasing of two minutes of immutable data stream (eclass.iota.org)

Topocare (hall 16, A04)

Topocare’s deployable flood protection system was one of the first grantees of the IOTA EDF. Topocare shows how creative thinking and always challenging the status quo can lead to humanitarian improvements and catastrophe remediation or even prevention. This is all while utilizing a modern pay-as-you-use model for financial settlements.

https://medium.com/media/c6c75dc8f9af4e5266eff234abd7d83a/href

e-shelter and IAMPASS (hall 6, B53)

e-shelter develops and runs high availability data centers, and is a strong promoter of innovation. This mindset is in deep consensus with IAMPASS, which is providing identity and access management services on top of IOTA’s Tangle.

With access control being a critical part of today’s security management, IAMPASS technology utilizes Fujitsu’s palm vein scanner and the Tangle to store anonymized and encrypted access logs about approved and denied requests.

The smart combination of both technologies ensures that only authorized persons can enter restricted areas and that access logs are 100% immutable and tamper proof.

https://medium.com/media/3491d0f509ab7b962ce8bfab27833562/href

Fujitsu (hall 7, E16)

Fujitsu is showing the latest version of its Industry 4.0 showcase, to demonstrate how component tracking and processing of data as part of supply chain management can be combined with distributed ledger technology. From the Fujitsu website:

“We demonstrate how IOTA can be used to track component and process data as part of supply chain management and how it can be stored unalterably in the IOTA Tangle — for example, as proof of original components or for warranty management.”

Fujitsu is also offering a series of expert talks to provide additional insight.

The DLT based showcase is enhanced through Digital Annealer, which solves large-scale combinatorial optimization problems which are unsolvable using today’s classical computers.


IOTA at Hannover Messe 2019 was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ripple Teams Up With IOTA, Cardano, SWIFT And More To Boost Blockchain And Drive Crypto Adoption

Ripple Teams Up With IOTA, Cardano, SWIFT And More To Boost Blockchain And Drive Crypto Adoption

09:24 - 02/04/2019

Oracletimes

Ripple makes another significant move and becomes a founder of the International Association for Trusted Blockchain Applications (INATBA). INATBA offers a forum for organizations with interests in digital ledger technology to interact with policymakers and regulators. This huge initiative combines big players and influential names with rivals and competitors, and they’re all under the same … Continue reading "Ripple Teams Up With IOTA, Cardano, SWIFT And More To Boost Blockchain And Drive Crypto Adoption"

IOTA Foundation supports LEDGER venture builders to foster human centric DLT solutions.

IOTA Foundation supports LEDGER venture builders to foster human centric DLT solutions.

20:14 - 29/03/2019

iota.org

IOTA Foundation supports LEDGER venture builders to foster human centric DLT solutions

€200,000 equity-free funding and 12-month programme available to IOTA and DLT development ecosystem

The IOTA Foundation is proud to support LEDGER, an European Commission funded project, which is looking for people working on decentralized technologies. Selected teams will access their 12-month programme and gain up to €200k equity-free.

LEDGER is looking for enterprise ideas that respect data sovereignty and operate in alternative space to the concentration of data in a few proprietary platforms. The EU will invest in this by accelerating 32 teams into companies with a solid human centric values business model.

LEDGER is part of the Next Generation Internet initiative from the EC, and aligns with the objectives of the European Blockchain Partnership signed on April 2018. From the total amount granted, €5.6 million will be distributed in cash to teams using decentralized technologies (aka blockchain) for data governance. The deadline for the first open call is the 30th April.

So far, the European Commission has invested more than €80 million in blockchain projects for societal use. By 2020, the European Commission expects to allocate around €300 million to blockchain initiatives like LEDGER.

The IOTA Foundation is excited to support the LEDGER initiative due to its citizen centric focus. The shift away from external ownership of personal data to a human-centred model is a focus of the Foundation. As such, the IOTA protocol has been designed to empower individuals, alongside IoT, to engage with their surroundings in a decentralised manner.

LEDGER represents an opportunity for the members of the IOTA ecosystem to build ventures that empower individuals and transform digital governance through the use of Distributed Ledger Technologies.

We encourage the IOTA community to apply before the deadline of April 30th. For more information and to apply for funding, visit: https://ledger-open-call.fundingbox.com/.

— -

LEDGER is a consortium led by FundingBox (Poland, Spain and Denmark) in partnership with Dyne (Holland) and BLUMORPHO (France and Germany).

Contact point for LEDGER:

Andres Sanchez: andres@fundingbox.com

Federico Bonelli: fredd@dyne.org

Cassandra Holden: holden@blumorpho.com

About IOTA:
IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data.


IOTA Foundation supports LEDGER venture builders to foster human centric DLT solutions. was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

Payments App Zeux Adds IOTA For Crypto Payments at all Shops

Payments App Zeux Adds IOTA For Crypto Payments at all Shops

13:30 - 21/03/2019

iota.org

BERLIN, GERMANY (March 21, 2019) — Payments and banking services app Zeux has teamed with the IOTA Foundation to create a system that will allow users to use MIOTA tokens as payment with merchants that accept Apple Pay and Samsung Pay.

Zeux, an FCA authorized financial service company, will launch in Europe this April and in the US in 2020 at hundreds of merchants, ranging from coffee shops to grocery stores. The app company provides a simpler way to pay, bank and invest by integrating all these services onto one place. It is a digital banking solution for both fiat and cryptocurrencies and leverages a long list of third-party partners to provide integrated investment products to its customers. The company charges no fees for account opening, money transfers, top-up or crypto payment commissions.

David Sønstebø, founder and co-chairman of IOTA Foundation, said “This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited for this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’

Frank Zhou, Founder and CEO of Zeux, said the partnership will drive the widespread adoption of cryptocurrency use in daily lives.

“Zeux is very excited about partnering with the IOTA,” Zhou said. ”As a distributed ledger with zero transaction fees, The Tangle is a very promising chain for us to build our customer data Dapp. This marks another step forward in our journey. We look forward to working with IOTA and giving their customer base even more financial freedom.”

More about Zeux

The company has also introduced the ZeuxCoin Token (ZUC), a loyalty holding token for cashback on all crypto purchases and a payment fee token for all the commissions paid by financial product providers. Zeux will launch the multi-function app in April where it will become available in Europe.

Website: www.zeux.tech
Telegram Group: https://t.me/zeuxapp
Twitter: https://twitter.com/ZeuxApp

Whitepaper: http://www.zeux.tech/assets/PDF/ZEUX-White-paper-Eng.pdf

Facebook: https://www.facebook.com/ZeuxApp

About IOTA Foundation

IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data. www.iota.org


Payments App Zeux Adds IOTA For Crypto Payments at all Shops 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.