the The IOTA Foundation has announced a competition on the theme of Smart City. The aim is the promotion of innovative solutions for the networked cities of tomorrow using the Distributed Ledger technology of IOTA.

Brigitte Bernhardt
28. February 2019BTC$3.865,34 1.61%Facebook Twitter LinkedIn xing mail

Smart City – the intelligent city – is a topic that’s trending with the industry, policy, and crypto-companies increasingly deal. Through the Networking and the rapid exchange of data, the life in the cities to be safer, healthier and more energy-efficient.

From the Internet of things for Smart City

The idea of the Smart City is a logical further development of IoT, the Internet of things: devices of daily life, such as a Smartphone, a fridge, a car to communicate with each other and do things that we don’t have to take care of us. It is still not everything that is technically possible, in practice, however, the Smart Home is the world is already a reality.

the Internet of things requires an Autonomous payment system, and here IOTA is positioned since the very beginning of its history. In order to enable fast and secure transactions, IOTA instead of a Blockchain and developed a network-like data structure, the so-called Tangle. Transactions are not processed linearly, such as in the case of the Bitcoin Blockchain, but in parallel. As a result, transactions can be much confirmed faster and the System is theoretically infinitely scalable.

IOTA has always cultivated intensive contacts to industry partners, in order to test its Distributed Ledger technology (DLT), for example, in Autonomous vehicles. Together with Bosch, the company is also working on various IoT projects, such as BTC-ECHO reported.

Read also: IOTA: the Danish state, the group is experimenting with Tangle

Smart City – solutions for the cities of tomorrow

With the now self-proclaimed Hackathon IOTA wants to make his technology for the Central questions of the cities of tomorrow. Partner for the competition, the Renault group, ENGIE Lab CRIGEN, VEOLIA Birdz, Sopra Steria, as well as some of the supporting organisations.

The participants can introduce Open Source solutions to four thematic areas: Smart Energy it comes to the secure supply of sustainable energy. Smart Mobility addresses the question of how vehicles data for the transport and for fleet capture and maintenance.

In the category of Smart Buildings is to develop the „athletes“ of IoT solutions, the business houses, agricultural, and residential buildings make it more attractive. A little further the topic of Smart District is taken. Here it comes to the challenges of increasing urbanization, so the Interplay of disciplines such as mobility, infrastructure and energy.

The competition runs until February 6. April 2019. As prize money, the participants are expected MIOTA-tokens of a total value of US $ 10,000. All the information about the Hackathon here.

The current IOTA of the course can be found on our rates page.

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