IOTA will use its Tangle data structure or the SUSEE project

Source: Morrowind – shutterstock

  • IOTA’s Tangle data structure will power the intelligent energy sensor ecosystem SUSEE.
  • The SUSEE project aims to transform the energy industry and achieve positive results for others.

The IOTA blockchain network is getting a big breakthrough! The Federal Ministry for Economic Affairs and Energy (BMWI) has selected IOTA’s Tangle as a key technology for its SUSEE project.

Tangle, a popular data structure on the IOTA blockchain, will power the intelligent energy sensor ecosystem SUSEE. As a result, IOTA will carry out non-nuclear research funding in the 7th energy research program “Innovations for the energy transition”.

In addition, IOTA’s Tangle data network is connected to thousands of sensors to ensure resource-efficient power distribution. The SUSEE project uses a concept for smart metering solutions.

It also offers a “scalable solution for reliable and secure data transmission and processing in sensor networks”. In addition to simply reforming the energy sector, the SUSEE project also aims to bring efficient results to other industries. Holger Köther, Director of Partnerships at the IOTA Foundation, said:

Ensuring data integrity and data management encrypted and secure directly from the edge is the core DNA of IOTA. I look forward to working as part of a team of so many forward-thinking organizations to show how IOTA is being used as a security and integrity layer for upcoming applications where a distributed, resilient IT infrastructure is critical to attack.

SUSEE – intelligent energy networks

The SUSEE project involves several stakeholders. It is a collaboration between the IOTA Foundation and other distribution network operators, research institutes and others.

The SUSEE project deals with smart metering applications. The official announcement notes:

This solution is implemented on the basis of the IOTA Distributed Ledger Protocol and the wireless network protocol LoRaWAN as well as the self-configuring WiBACK backhaul network. The project will meet the standards of the Federal Office for Information Security (BSI).

IOTA Foundation and key projects

The IOTA Foundation was involved in several projects that met various industry requirements. In June, IOTA teamed up with the GAIA-X consortium and thus helped build the next generation of cloud infrastructure in Europe.

Continue reading: Joint proposal from IOTA selected by GAIA-X, which counts it among the elite institutions with a focus on federated and secure cloud infrastructures in Europe

The GAIA-X consortium has also secured a license to operate in Germany. The European economic giant has one of the toughest regulatory requirements in the world.

Last month, the foundation also partnered with a Kenyan company to bring paperless trading to East Africa. The partnership will help Trademark East Africa replace the cumbersome paper-based projects in the country’s money supply. The two players will introduce an efficient digital payment system based on IOTA’s Tangle ledger data structure.

Interestingly, IOTA is also delving deep into the rapidly developing NFT market. The IOTA Foundation announced its NFT marketplace and at the same time lowered the entry barrier for new market entrants.

It was a solid opening for the NFT marketplace with 966 users, 273 creators, 508 NFTs created, and 3,700 successful bids.

Continue reading: The IOTA NFT marketplace recorded significant growth in its debut week

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