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The IOTA Tangle Selected As Core Technology For Germany’s Federal Ministry For Economy And Energy Financed SUSEE Project

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Tangle, a data structure of the IOTA DLT, is going to empower smart energy sensor ecosystem SUSEE.

The project has been chosen for the applied non-nuclear research funding in the 7th Energy Research Program “Innovations for the energy transition” of Germany’s Federal Ministry for Economy and Energy (BMWI) with a total volume of 2.6M EUR.


IOTA Foundation’s Tangle data network will be integrated by a leading smart energy project. Tangle will connect thousands of sensors to ensure resource-efficient energy distribution.

According to an official announcement shared on the IOTA Foundation’s blog, SUSEE, an experimental project in the sphere of “smart energy,” will utilize IOTA’s Tangle.

Tangle was chosen for this experiment due to its high standards of encryption, extremely low fees, fast speed of transaction finalization and notable scalability opportunities.

The IOTA Foundation will be the core technology provider for SUSEE (Secure Sensor Platforms for Smart Energy Networks), a collaboration between the energy distribution network operator SWO Netz, the two research institutes Fraunhofer FIT/IPT, the university TU Chemnitz, and the SMEs peerOS, mCloud Systems, and TIP, to develop a scalable solution for reliable and secure data transmission and processing in sensor networks.





Iota Twitter writes:

“The future of a reliable, climate-friendly energy supply.

SUSEE – A German collaboration of €2.6M in public funding. A new grant to develop a scalable solution for reliable data transmission & processing in sensor networks, using the Tangle.”

 

Director of Partnerships at the IOTA Foundation, Holger Köther, says:

“Ensuring data integrity and data management encrypted and securely directly from the edge is the core DNA of IOTA. I am looking forward to working as part of a team of so many forward thinking organizations, to demonstrate how IOTA is being used as a security and integrity layer for upcoming applications, where a distributed resilient IT infrastructure against attacks is key.”

 

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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