The Denmark based electricity and natural gas transmission system operator, Energinet has entered into a partnership with IOTA Foundation to test distributed ledger technology (DLT) in the Internet of Things (IoT) and energy market domains. They will be creating new products and services in the green energy system centered on using IoT devices with IOTA blockchain in back.
The analysts at the Research & Development department of the IBM have emphasized that the Internet-of-Things (IoT) devices could connect and power blockchain nodes resolving the issues of the Proof-of-Work. A paper exposed by the researchers expressed, “the IoT devices on the blockchain should optimally utilize resources and energy to maintain and progress on the blockchain.”
Virginia Rometty, the CEO of IBM, stated that the company would create 1,800 jobs in France in the next two years. The job would be of Artificial Intelligence (AI), blockchain and Internet of Things (IoT) nature. The company has been keenly involving in blockchain by integrating the same in various projects.
Chronicled Inc., and Qtum Foundation comes together aiming to influence control over Blockchain to protect costlier physical assets. Qtum progresses a leading Blockchain data network in Asia. Chronicled will concentrate on development of smart contracts aimed at integrating IoT registrations on Qtum Blockchain.