IOTA Chief Engineer's IOTA Vision Statement: Data, New Petroleum

At Computex in Taipei, Asia's largest trade fair, IOTA's Chief Engineer Edward Greve drew the concept of IOTA and explained how to deal with the problems caused by blockchain using Tangle. Tangle MAM (masked authenticated messaging) promises integrity, security and privacy, and IOTA Token Flash Channels will be free, real-time and "machine ready."

IOTA's intelligent contract data processing solution Qubic

IOTA is a crypto currency designed for the internet [ IoT ] objects of the objects. The use of the method of having the majority is much faster than Ethereum and in the future it is aimed at the realization of "The Book of Everything". IOTA aims to be a modular platform for delivering user-specific services.

Edward Greve in his speech, clarified IOTA and its features by simplifying the audience to completely new blockchain technology. IOTA's goal is to develop a standard for industry mobility, e-Health, global trade, supply chains or energy.

Edward explained the bases of a blockchain and how cryptographic currencies work on the blockchain. But there are also problems with blockchains, because linear logic used the expression. Slow processing speeds, high fees, and a data storage structure do not allow you to integrate each physical item with a blockchain to allow independent operation.

Edward used many examples to explain this machine autonomy. He discussed the concept of an electric car "intelligent charging" in depth and explained that this whole concept is based on microprocesses that traditional banking does not allow to process without paying a greater amount than itself. It also addresses the concept of "secure software updates" for cars in the automotive sector.

The essence of this software is the necessity of making sure that tools are addressing wireless update to the model of that manufacturer and many other sub-types.

Edward also used the intelligent production of high-value products, such as custom-made automobiles and even IOTA-supported cocktail mixers. The instructions are stored on the IOTA platform and the transactions are done through the IOTA tokens.

While they repeat that these are very good things, the basic data is returned and the IOTA data market, a platform for safely storing, selling and accessing data flows, is presented. He pointed out that there are many ways to use this technology. Everything is based on money, its storage, transmission and sale;

According to him, all the data can be saved, shared and turned into money in the near future. The key to turning this around is IOTA.

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Source:
Amb Crypto

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