In 2017, "Internet of Things" and "blockchain" were two of the most talked-about technologies. When combined, they have the potential to revolutionize society in ways we're only beginning to understand. By examining these concepts from different angles and integrating them, what new possibilities emerge? How will this transformation affect our daily lives?
By 2018, "artificial intelligence," "Internet of Things," and "blockchain" were dominating the tech scene. The intersection of IoT and blockchain offered a powerful way to manage the identification and data exchange of people and devices. With secure data sharing and token-based transactions between individuals, machines, and systems, a new era of productivity and relationships was emerging.
IOTA's approach differs from traditional blockchains by introducing a unique technology called Tangle, which eliminates transaction fees and offers scalability. Unlike conventional blockchains that face performance limitations, IOTA claims that the more nodes it has, the faster and more efficient it becomes.
Bosch partnered with IOTA to develop the XDK110, an IoT hardware platform supporting IOTA. This wireless sensor device enables quick development of sensor-based applications and offers advanced programming capabilities beyond just sending data. Its modular design makes it easy to scale and produce, addressing one of the key challenges in early IoT development.
In a smart building scenario, Bosch users can use IOTA tokens to purchase location-based data from XDK110 nodes. This data can be traded on the IOTA data market, enabling real-time, automated, and decentralized transactions between buyers and sellers.
Although separating technology from application may seem like a challenge, it actually accelerates the maturity of the technology. Bosch’s IoT development kit simplifies the use of IOTA, lowering entry barriers, shortening development cycles, and reducing risks for developers.
Another major milestone came when the Taipei City Government officially partnered with the IOTA Foundation. A project involving companies like Edimax, Realtek, Asus, and the Taiwan Institute of Research aimed to install air quality sensors in 150 primary schools and homes. These sensors collected data on temperature, humidity, light, and pollutants, storing them in Tangle and encouraging participation through IOTA incentives.
The collaboration also included a digital citizen card embedded with a Tangle ID, enhancing security for personal information and medical records. The city government plans to explore IOTA in areas like electronic voting and inter-city data exchange.
IOTA also supports object-to-object communication over LPWAN networks. By using a DAG structure instead of a blockchain, it reduces power and bandwidth requirements, making it ideal for low-power environments. Some companies are already experimenting with deploying IOTA in such networks.
Beyond IOTA, many other companies and institutions are joining the movement toward a connected, secure, and decentralized future. As the "chain chain" trend grows, innovation is accelerating, and the future of the Internet of Things and blockchain looks more promising than ever.
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