Kontakt.io, a leading IoT location platform provider, recently announced partnership with the IOTA Foundation, a non-profit open-source foundation which backs IOTA. This partnership aims at integrating IOTA’s next generation distributed ledger technology to Kontakt.io’s location platform and is designed specifically for condition monitoring and asset tracking.
The integration will allow a tamper-proof and chargeable readings of smart sensor data. It is beneficial for healthcare operators and supply chain firms, which monitor environmental conditions for compliance reasons. They can explore fully transparent ways for storing and reporting on telemetry data.
Kontakt.io’s IoT platform and IOTA’s Blockchain partnership will encrypt device-to-device and device-to-cloud communication of telemetry so the data remains intact. Consumers which include manufacturers, carriers, inspectors, technology providers, and others can leverage this new technology as it would:
- Increase trust and transparency
- Ease dispute resolution
- Result in better compliance breach detection and
- Prevent delivery of faulty products
How Kontakt.io and IOTA benefit each other
IOTA eliminates the cost barrier, and needs lesser computing power to confirm transactions. Unlike Blockchain or Ethereum, IOTA is capable of processing a lot of operations in real time. It scales faster depending on the amount of transactions it has queued. Hence, Proof of Work(PoW) is now possible and efficient in the IoT environment with IOTA. It is likely to become the next security standard for IoT.
On the other hand, IOTA has partnered with Kontakt.io to empower the building blocks of a smart supply chain using the powerful IoT platform.
Read more about this partnership at Kontakt.io official website.