IOTA is a not-for-profit organization aimed at developing the blockchain and increasing its adoption with the growing Internet of Things (IoT). And thus, it has led to the conception of the slightly different technology from blockchain called IOTA’s Tangle. It’s a distributed ledger technology (DLT), designed precisely for IoT environments and applications.
Although IOTA stands for small amounts, the team behind it is working to develop the components required for entire cities to run within a technological mesh.
Here are some features of the system they’re currently working on to develop:
- Uses open-source protocol
- Allows interaction between machines
- Facilitates secure data transfers
- Provides instant and fee-less payments
However, without any human interaction, imagining smart cities would be impossible. So, it will require secure and convenient ways for humans to operate these interconnected pieces of machinery surrounding them.
IOTA Tangle based Power Palm Scanners:
A recent blog published on the website of IOTA revealed that Tangle is getting used to empower a ‘new biometric authentication system.’ The system will be able to identify a person by reading the patterns of their palm veins.
The company that’s developing such a system is IAMPASS. It’s a Singaporean company managed by a team of technology enthusiasts who are developing decentralized, tangible products that can be used by anyone.
Here’s a diagram that shows the benefits of IAMPASS’s vision. Rather than your personal, sensitive information obtained by a myriad of centralized organizations- who may sell the information to unknown third parties for profit- your information will be safely stored using the Tangle DLT.
Source: IOTA Blog Source: IOTA Blog
After your palm veins print got scanned, a unique digital blockchain based identity will get created. Further, you can provide access to your data with parties you want using your palm scanning.