IOTA is to be heavily featured at a major industrial conference in Germany tomorrow as a number of companies will be demonstrating its industrial applications.
Visit us at the #HannoverMesse (April 23 – 27 / Hall 6, Stand B46), experience an #IOTA live demo with unique showcase and explore with #DXC the potential of distributed ledger technology. #hm18 pic.twitter.com/m8OOeGFMAR
— DXC DACH (@DXCdach) April 12, 2018
The conference is called the Hannover Messe. It is one of the biggest industrial trade shows in the world, with a history going back to 1947. According to its official website, last year it featured 6,500 exhibitors, attracted 225,000 attendees from more than 70 countries, and facilitated 5.6 million business contracts.
The 2018 Messe will be opened by Angela Merkel, Chancellor of Germany, and Enrique Peña Nieto, President of Mexico.
The founders of IOTA said that a number of companies will be presenting use cases, including Bosch, DXC, Deutsche Telekom, Accessec GmbH, and Fujitsu.
#Fujitsu #K5 #IOTA permanent node in action. This empowers #m2m payments and #secure component #tracking between #robots. #HM18 opening doors today for #press and #Fujitsu has been selected to the #Industry40 press #highlighttour . #German #CEO @RolfWerner welcomes int media reps pic.twitter.com/oAgYOoah5k
— Kai Pasing (@kaipasing) April 22, 2018
The IOTA Foundation was established in 2015, and its coin MIOTA exploded in value at the end of last year, at one point even surpassing Ripple in market capitalisation. This was the result of the company’s announcement that it was partnering with more than 20 companies to create a new data marketplace. One of those partners was apparently Microsoft, although it later emerged that their relationship was not as official as it was originally made out to be.
In the few weeks leading up to the Hannover Messe, its value has approximately doubled.
“IOTA seems to be among the most interesting innovations with the greatest potential for change, at our Fujitsu booth at the Hannover Messe Industrie, we will also be showing a live demo of the IOTA technology.” -Walter Graf Fujitsu Distinguished Engineer
— IOTA (@iotatoken) March 20, 2018
The IOTA blockchain is one of the many that are designed to be quicker and lighter than that of Bitcoin. It approves transactions instantly and with no fees by allowing transactions to be added to the chain in a non-linear fashion, delegating the mining process to small groups of nodes and by allowing transactions to take place off the chain. In this it is not particularly unique – the particular selling point of IOT is that it is designed to be integrated into the internet of things, a concept in which everyday services and household devices are controlled by the internet.