IOTA Partners With Giant Companies

Many companies from technology industry are rushing to partner with IOTA's new platform

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IOTA announced the release of an innovative major platform. This platform allows the monetization of data through micropayments, with the technology’s help of their distributed ledger. Giants companies such as Deutsche Bank Telekom, Bosch, Fujitsu, Microsoft, and others have already partnered with this data solution.

The company released the same name tokens as these of their token sale a few months before. IOTA created a system named ‘Tangle’, as a better option in Blockchain’s technology evolution. They designed this system as a way for connected devices (Internet of Things) having the ability to buy, sell and transfer diverse datasets, all under the required security.

Letting partners experiment with the program

IOTA is planning to run through a platform’s demo in January. It’s a chance for companies to take part in the revolutionary system. In addition, partners can influence the functionality of the platform.

David Sønstebø, IOTA co-founder stated their goal is to make possible a combination of B2B (business to business) data economy while letting researchers and hobbyists be a part of it.

The company’s tangle technology structure doesn’t include mining fees or miners. So, they hope this will allow the micro-payments’ large-scale proliferation of datasets. Further, it could provide access to data and letting companies build a network to control and use that data for upgrading the Internet of Things.

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