IOTA looks to change the world with its innovative use cases 17974
Altcoin
Chaitanya Thammaya
Jul 9, 2018 at 12:52 PM

IOTA, the open source Distributed Ledger Technology (DLT) is focussed on enabling “the true Internet-of-Things through the Machine Economy.” The Blockchain company has partnered with several organizations on very innovative projects. The most recent one is with +CityxChange, a smart city project which is funded by the European Union. Earlier this year, IOTA entered into a partnership with Taipei to explore ledger technology-based smart city solutions.

In another instance, Sabri Goldberg, the creative director at the IOTA foundation tweeted another real-world use case. This showed a drone being used for personal safety. He further requested others to send in more use case illustrations for IOTA.

The Smart Cities and Communities project

The +CityxChange team was formally invited by the European Commission to collaborate on a new smart city lighthouse project. The “Smart Cities and Communities” project is part of the EU Research and Innovation Programme Horizon 2020. IOTA will help +CityxChange’s project by facilitating connectivity between devices to promote “climate-friendly and sustainable urban environments.”

The Norwegian cities, Trondheim, Limerick, Alba Iulia, Pisek, Sestao, Smolyan and Voru will be part of this project. For the next 5 years, these cities will try out new methods to become smart positive energy cities. Together with all of its citizens, the cities will use digital services to improve the quality of life. Moreover, they plan on being energy efficient cities and furthermore, they plan to generate more energy than they consume.

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According to IOTA’s blog on Medium, the seven cities will collaborate with the Norwegian University of Science and Technology (NTNU). Additionally, 11 large enterprises, 9 SMEs, 3 non-for-profit organisations and 2 universities will help in developing and testing these solutions. The learnings and experiences from these experiments will be shared among other European cities so that they evolve together.

According to the +CityxChange team,

“In the future, municipalities must handle a completely different complexity in society. In order to have well-functioning cities, cities must improve how they utilise their resources and how they engage with technologies in different ways. A smart city will use digital technologies to enhance performance and wellbeing, to reduce costs and resource consumption and to engage more effectively and actively with its citizens.”

Together, the IOTA and +CityxChange plan on creating a better life in this world.

Wilfried Pimienta, the Head of Business Development said,

“Smart cities is one of the fastest growing cross-sectorial arenas of innovation for IOTA. Building on our work and partnerships across mobility, energy or data marketplace, these smart city ecosystems bring it all together. The +CityxChange consortium gathers many public and private partners around an ambitious open innovation and co-creation initiative. This is 100% aligned to IOTA Foundation’s DNA and we can’t wait to get started.”

The European Research and Innovation programme Horizon 2020 is shelling out 20 million Euros to fund the project. Additionally, the project, which is set to start in 2019 will get around 10 million Euros from other project partners.

Talk and chat via IOTA Tangle

Here’s another real-world use case, you can now message and make video calls with tools built on IOTA’s Tangle. ion.ooo, which is built on Tangle, is a very user-friendly, decentralised video call program. The tool allows you to connect with anyone via the website.

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The tool is still in the alpha phase and there’re a few bugs which need to be fixed. According to its developer, Peter Willemsen, “you can’t use a link twice and you can’t get a connection with more than two participants.”

He also introduced the Chatangle, a Tangle driven decentralized webchat. He adds that the webchat is in the Beta phase.

Personal Drone Safety

The personal drone safety is a proposed, real-world use case for IOTA. IOTA’s focus on enabling IoT through machine economy has a lot of people speculating about IOTA based drones. There are several groups of people suggesting IOTA based drones with air pollution sensors.

The personal safety drone will allow people to go home late at night without a worry. The user pays a drone to led/follow them on their way, the drone monitors their way and provides them with security. According to the illustration, the user will pay the drone around 98 Kiota to employ its services.

Twitter user Elliott Ruzicka commented saying,

“Also short-term security patrolling like for construction site security. People like to steal metal from construction sites. These drones could record and follow the thieves.”

‏Another Twitter user, November Rain said,

“Omg this is the future”

If IOTA moves into drones, their platform will be tailor-made for a partnership with Amazon.

Image via Shutterstock

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