News Perfect Brainstorm: IOTA (MIOTA) Gets Fortifications From 10 Outstanding...

Perfect Brainstorm: IOTA (MIOTA) Gets Fortifications From 10 Outstanding Projects


- Advertisment -

After reviewing more than 210 submitted ideas, IOTA (MIOTA) has carefully selected ten outstanding projects that have the power to fortify the blockchain’s ecosystem.

In an announcement by IOTA today, IOTA foundation declared that the Perfect Brainstorm, which happened to be a great success, paved the way for ten permissionless innovations to be added to the IOTA ecosystem.

The selected ten projects won an IOTA branded Ledger hardware wallet each, while the first three ideas receive cash prizes.

Of the top three projects is Vessel Demurrage & Dispatch innovated for the shipping industry by Leif Arne Strømmen and Erik Aadland.

Considering the fact that the shipping industry carries over 90% of all global trade yearly, Vessel Demurrage & Dispatch aims to disrupt the section with the IOTA tangle.

The idea automates the process of recording the arrival and departure of any ship using geofencing and AIS signals. The innovation makes the port to automate invoicing of all fees to the vessel.

Another one is the LogIOTA Aid System designed by Johannes Schroth. The innovation uses flash channels to achieve the distribution of water and control of water consumption with the aid of micropayments.

The third project is the Circular Energy Management brought by Nicolas Schteinschraber and Federico Gonzalez. The idea is for urban setting and dedicated for smooth running of power rental and sharing services.

Other projects include CO2Ta: Track Emissions using IOTA, Water quality backed by the Tangle, Smartes Bauwesen, monitorIOTA, Haystack Protocol, RaspiTIN and some others.

IOTa is furnishing the IoT world with numerous innovations that have the potentials of changing the internet industry completely.

Many have opined that IOTA is the future of the Internet of Things. With different partnerships sealed by IOTA and its readiness to reshape the IoT industry, there is no doubt that the blockchain platform is the father and future of IoT.



Please enter your comment!
Please enter your name here

Latest news

Top 8 Potential Cryptocurrency Business Ideas for 2021

Which word comes into your mind when you hear or think of the word ‘cryptocurrency’? It might...

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...
- Advertisement -

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

Must read

- Advertisement -

Read Next
Recommended to you