Representatives of the IOTA Foundation announced the start of cooperation with Riddle&Code, the purpose of which is to develop autonomous machine-to-machine transactions on the IOTA Tangle.
Integration of Riddle&Code into IoT devices increases trust in data sources, therefore allowing decisions to be made based on IoT information. To achieve this result, the technology uses only those data sources whose reliability has been confirmed.
According to the developers, the Secure Element microchip from Riddle&Code is completely protected from unauthorized access, and also “allows you to safely store a private key on any device.”
The collaboration of the companies opens up the possibility of creating a new path from the sensor to the blockchain, which improves the functionality of some existing technologies, such as QR codes on physical objects that can be easily copied. In addition, the additional level of trust allows humans to give machines greater autonomy.
Tom Fuerstner, founder and CTO of RIDDLE & CODE, said:
“Modern industrial systems require reliable, scalable, and transparent ecosystems for storing information. Connecting any IoT sensor or any machine to IOTA Tangle our microchips, we carry out this task.”
According to blokt.com
You May Also Like
HTC will release a phone with a built-in wallet
The second smartphone with cryptocurrency support created by a major electronics manufacturer will soon hit the market. Could this be the start of a trend for all manufacturers of similar devices?
Opera has built an Ethereum wallet into its Android browser
Opera Software has announced the release of new software for the Android browser, which has a built-in cryptocurrency wallet and support for the Ethereum Web3 API. The browser is currently available in private beta, and the company is inviting people to take part in testing.
