The success of blockchain technology, according to IOTA, independent of market cap

IOTA has consistently achieved success in internet of things (IoT) industrial use cases that are grounded in reality. The biggest European contract manufacturer and designer of semiconductors, STMicroelectronics, has unveiled a new version of their software platform that utilises the IOTA network for embedded applications.

In essence, these capabilities enable the application to broadcast temperature and humidity readings from chip sensors to the IOTA network. Thus, a product that uses the IOTA ledger for machine-to-machine communication and other purposes is simulated by the programme.

According to a corporate blog post, the software known as X-CUBE-IOTA1 3.0 is integrated with other IOTA and ST technologies. It utilises the STSAFE secure element and the L2Sec protocol, offers the most recent iota.c middleware, and supports Azure RTOS.

The blog article continued by emphasising that choosing the IOTA to introduce the novel application was a logical choice. The IOTA blockchain, according to ST, has a high throughput and is also very scalable. IOTA 1.5 Chrysalis is noted to be hovering around thousands of transactions per second (TPS). IOTA 2.0 GoShimmer prototype has demonstrated that it is capable of 18,000 TPS, ST continued.

The Dutch global technology corporation with its headquarters in Geneva, Switzerland and a listing on the French stock exchange has praised IOTA highly for its efficiency.

The effectiveness of IOTA 1.5’s payload, on the other hand, is the distinctive aspect of IOTA that gives its X-CUBE-IOTA1 3.0 its kicks. Transactions are now limited to 275 bytes instead of the previous 3,500 bytes in the IOTA iteration.

Despite the instability in the cryptocurrency market, ST claimed in the blog post that IOTA’s technology is proof that the success of blockchains is not dependent on price performance. Read the blog entry.

Notably, ST has been an IOTA partner for a long time. In 2020, it released the X-CUBE-IOTA1 edition of its software. It is not the first real-world business, though, that have lately introduced a product on the Tangle.

Late last month, the computer behemoth Dell Technologies announced a collaboration with IOTA to create a platform for tracking carbon footprints in real time. In addition to using a data confidence fabric, the solution also involves BioE and Climate.

News Summary:

  • The success of blockchain technology, according to IOTA, independent of market cap
  • Check all news and articles from the latest Business news updates.

This news is republished from another source. You can check the original article here