the The IOTA Foundation has been able to win a further cooperation partner. The Danish transmission system operator Energinet.dk would like to explore the Potential of IOTAs Tangle technology for the Danish energy sector.

By Christopher clover
31. January 2019BTC$3.429,12 -0.82%part Facebook Twitter LinkedIn xing mail

The Danish state-owned company Energinet.dk has announced a collaboration with the IOTA Foundation. A corresponding Declaration of intent signed by the two parties Recently. The IOTA Foundation announced on 30. January on your Blog.

Energinet has already participated in IOTAs Data Marketplace. The Data Marketplace has already existed since the end of 2017, and acts as a Peer-to-Peer marketplace for sensor data, in which you can obtain, against payment, in mIOTA access.

The Danish transmission system operator would now like to explore other Use Cases for IOTAs Tangle.

to know As a part of our path to a digital, green energy system that we need to close the gap between the rapid developments in the IoT technology, which will be implemented both at the household as well as at the industry level, and the Central systems of the European energy system,

André Bryde Alnor of Energinet said.

Together, they wanted to now do research on new products and services for the energy sector. Pay particular attention to IOTA and Energinet on the Internet of things (IoT). So the Tangle could operate help coordinate IoT-enabled devices in the energy sector, „for example, to heat pumps and electric vehicles to energy use when the grid is a lot of green energy“.

scalability for micro transactions

Due to its scalability and cost-effectiveness IOTA be perfect for this endeavor suitable, says Wilfried Pimenta de Miranda, Business Development Director of the IOTA Foundation:

The IOTA Foundation is a cost-efficient and scalable Protocol, the Energinets ambitions developed in relation to the developments in the areas of identity management, data access, delegation, digital twins, and Data marketplaces. To facilitate this, IOTA seeks to catalyze the efforts of Energinet in research and experimentation in the field of technical and behavioural Designs.

That the Distributed Ledger technology may just of the energy market of tomorrow cheer, is well known. However, many block chains of the first and second Generation are still suffering from teething, a lack of scalability. Richard Lohwasser, CEO of the Ethereum complained about-based energy exchange Lition:

[Ethereum] is very slow. It takes 20 to 30 seconds, to tell a consumer whether he can buy energy or not. to be able to

an entire Ecosystem of IoT-enabled devices to lift, must be the underlying Protocol according to scalability. Its basically limitless scalability a unique feature of IOTAs directed, acyclic graphs – don’t call it blockchain – the Tangle,. However, the Protocol can not be known, as long as there is the Coordinator, nor really as a decentralized. The „Coordicide“, however, is already in planning.