The IOTA Foundation partners with Riddle&Code to enable the industrial Internet of Things - CryptoMeNow
January 08, 2019 3:29 PM Discuss The IOTA Foundation and RIDDLE&CODE announced their agreement to create a fully trusted path from sensor to Distributed Ledger by integrating their respective technologies. Industrial IoT projects have so far only been able to use distributed ledgers to trust data processing and storage. This integration extends trust to the data source, so it becomes trusted. This end-to-end solution lays the foundation for automated machine-to-machine payments and solves the garbage in, garbage out problem by limiting data to sources with a certified identity. This partnership enables significant enhancements over existing technologies that can easily be copied or cloned such as QR codes used to acquire data from physical objects.
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IOTA Foundation Undergoes Internal Issues, Founders Can't Get Seats at Directors Board - Toshi Times
January 06, 2019 6:16 PM Discuss IOTA Foundations primary purpose is to build an open source distributed ledger that helps power a machine economy through micro-transactions which are fee-less. However every large organization faces disagreements, and this time in IOTA's case it has become public through a leak. IOTA Foundation released a public statement on August 8th with regards to being transparent on this leak. Serguei Popov and Sergey Ivancheglo, the founders of IOTA, had decided not to join the official Board of Directors however in March they were to participate by the current board. However, due to a statute which defined the modus operandi of collaboration changes cannot be done. Thus a Memorandum of Understanding and nominations will change the way IOTA operates.
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