Home Cryptocurrency news IOTA News World Trade Organization: IOTA-Tangle better than other blockchain technologies?

World Trade Organization: IOTA-Tangle better than other blockchain technologies?

October 9, 2018

129

The World Trade Organization (WTO) publishes a report on how world trade in the future can be influenced by different technologies. The report entitled “The future of world trade: how digital technologies are transforming global commerce” covers a wide range of technologies, in particular blockchain technology.

According to the report, blockchain technology can help improve the situation for small and medium-sized enterprises. Most interestingly, the report explicitly mentions IOTA as a very advanced technology.

The report states: “Blockchain is the most popular Distributed Ledger (DLT) technology, but more and more other models are being developed that, like the blockchain, are decentralized and use different techniques, but which are different from the concept of” blocks “. or even the concepts of “blocks” and “chains.” One example of this is IOTA, a cryptocurrency developed for machine-to-machine communication, where each transaction is associated with two previous transactions as part of the validation process, to form a “Tangle” instead of a chain. ”

…

Read the Full Article

This post was originally published on https://thebitcoinnews.com/. The IOTA-News Community curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners. The purpose is to make use of 3rd party content or pictures as either allusion or promotional endorsement of mentioned sites. If you have a claim of copyright infringement with respect to material, please mail to support[at]iota-news.com. IOTA-News.com is a community run website and is NOT affiliated with the IOTA Foundation in any way.