Thursday, September 16, 2021
Home Crypto News Market The IOTA Tangle Selected As Core Technology For Germany's Federal Ministry For...

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

- Advertisement -

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.”

 

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

El Salvador Chivo Bitcoin Wallet Has Surpassed 500,000 Users

local news reports El Salvador's Chivo bitcoin wallet has already surpassed 500,000 users. window.coinzilla_display = window.coinzilla_display...

Amasa Announces Dual IDO on Trustpad and Chainboost on September 28

Sydney, Australia, 16th September, 2021, Amasa will collaborate with Genesis Shards for a pre-IDO NFT release on September 23. Amasa is thrilled to announce its...

Coinbase Filled An Application with National Futures Association (NFA) To Start Offering Crypto Futures Trading

The cryptocurrency exchange Coinbase is now venturing into cryptocurrency derivatives. window.coinzilla_display = window.coinzilla_display || ; ...

Time Magazine Named Ethereum Co-Founder, Vitalik Buterin As One Of The Most Influential People Of 2021

Time magazine named Ethereum co-founder, Vitalik Buterin as one of the most influential people this year, along with musicians, world leaders, activists and others.

AMC, The Biggest Cinema Chain Worldwide With 1004 Theaters, 11,041 Screens To Start Accepting Ethereum, Bitcoin Cash And Litecoin

AMC CEO, Adam Aron has taken to Twitter to announce that the largest US theater chain will begin accepting Ethereum, Litecoin, and Bitcoin Cash...

TRON And BitTorrent Launch BTTC

San Francisco, California, 15th September, 2021, TRON, one of the world's largest and most popular blockchain-based operating systems, and BitTorrent, the leader in peer-to-peer...

Cardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

Cardano Alonzo upgrade is now live on the mainnet. Read: In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.