IOTA Collaborates With FIWARE to Build the Smart Solutions of the Future
Summary
Under this agreement, IOTA’s Tangle technology can serve as an immutable, trusted audit trail for relevant context data transactions in “Powered by FIWARE” architectures. This is crucial in applications like those warranting the quality in food production, for example, the observation of certain parameters of animal welfare on farms, or when public administrations strive to ensure transparency of their processes,” complemented Juanjo Hierro, FIWARE Foundation CTO. " IOTA designed the Tangle to be the foundation of a global protocol for all connected things, effectively addressing the challenges of scalability, energy resource requirements, and data security, as well as transaction fees. The groundbreaking open-source architecture of the Tangle ecosystem is designed to become the catalyst for new economic systems and business models, enabling the convergence of key vertical industries like supply chain, mobility and automotive, eHealth, and smart energy/connected cities. Founded in 2016, the FIWARE Foundation is driving the definition of key open de-facto standards enabling the development of smart solutions in a faster, easier, interoperable and affordable way, avoiding vendor lock-in scenarios, whilst also nourishing a sustainable business ecosystem.