IOTA: Update of the data marketplace provides for more decentralization

the Also in the case of IOTA seems lately a lot of develop. The payments between the machines, a company specialized IOTA published a new marketplace Update. The goal is to integrate a decentralized marketplace, the users provides the possibility of data to monetize and act.

Sebastian wood
On the 27. February 2019 BTC$3.807,66 0.13% part Facebook Twitter LinkedIn xing mail

developed by The Berlin-based company IOTA has its data marketplace. The company sees itself as one of the leading innovators in the field of machine-to-machine communication. Based on the Tangle-technology, well-known companies such as Deutsche Telekom, Fujitsu, and Samsung to develop, in cooperation with the IOTA, an IoT data marketplace. The recently released Update is to extend the decentralization of the marketplace. The Foundation is of the opinion that the growth of data market places is a result of the IoT Revolution. When it comes to IOTA, they will change in the future, the way of data exchange. Data market places to serve according to the company, as a means for the exchange of data, for the monetisation of data streams, and thus as a basis for new business models. In the future, data flows will be beyond company boundaries used to turn traditional value chains into networks.

What the Update includes?

IOTA aims to jointly develop with industry a Standard for the Internet of things and relies on a data marketplace. The recently released Update includes the Integration of Sensors, such as the Netatmo Weather Station, Bosch XDK or various Sensorkits for the Raspberry Pi. The Update is the possibility to integrate the Sensors, to collect and publish the data.

it is Also possible to save the data in a Cloud back-end, such as Microsoft's Azure, Google's Firebase or Amazon's AWS Cloud. In the future, these functions are to allow a commercial use of data. Users of the IOTA-marketplace should not be able to save about this decentralized marketplace your data locally and manage, but also monetize. In the context of the update, IOTA, announced that the Proof-of-Concept is now Open Source and asks the Community, with the full decentralization of the Cloud Backends to Use. Currently, the Central Cloud is the Backend of the components, user authentication, user and device management, Wallet Management, and reporting.

Read also: IOTA Foundation for a 10-million-US-dollars-Hack

Outlook

Meanwhile, data market places seem to be growing in popularity. In addition to companies such as IOTA, other Start-ups like Streamr to develop an Open-Source platform for the exchange of decentralized real-time data. However, the Integration of IoT processes is steadily increasing. A KPMG study, the Blockchain technology is a possibility, internal and external communication of IoT-enabled devices can reliably track and verify. IOTA could benefit from this development in the future. As of 2018, it was announced that plans, for example, Volkswagen, the introduction of a Digital CarPass, is to come to collect the vehicle performance. The introduction of the technology is planned for later this year.

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