The latest news in town indicates that IOTA’s yen for partnership has grown bigger, the platform has collaborated with the leading IoT (Internet of Things) location platform provider Kontakt.io.
Kontakt-IOTA Foundation partnership was moulded towards incorporating Kontakt.io’s location platform with the distributed ledger technology of the non-profit open-source foundation.
According to the press release by Kontakt.io, the combination of blockchain technology and Internet of Things technologies (IoT) will aid the introduction of tamper-proof and chargeable readings of smart sensor data, which will help furnish healthcare operators and supply chain firms.
The development is one that will enhance monitoring of “environmental conditions for compliance reasons with fully transparent ways for storing and reporting on telemetry data”.
While the collaboration is fashioned to have a huge potential of mitigating risk management, data manipulation, security breach and more in the Healthcare and Logistics sector, it is expected that the development will leverage Distributed Ledger Technology to ensure that device-to-device and device-to-cloud communication of telemetry streams are encrypted and the data itself is unalterable.
“Manufacturers, carriers, inspectors, technology providers, and consumers alike will benefit from this technology. It will increase trust and transparency, ease dispute resolution, result in better compliance breach detection, and consequently prevent faulty products from being delivered to consumers”, the statement reads.
Speaking on the development, the CEO of Kontakt.io, Philipp von Gilsa said since both IoT and blockchain technologies are similar, therefore the development will be a smooth one.
“Both are decentralized, their markets are in early stages, and a limited number of players showcased successful applications. We are starting our blockchain initiative with IOTA to speed up adaptation and innovation in both spaces.”
The CTO at Kontakt.io, Łukasz Szelejewski, also added that; “We have decided to work with IOTA because…