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IOTA associates with Microsoft, Fujitsu and others for monetizing IoT data

Yesterday, IOTA announced the release of a major platform allowing the monetization of data by micropayment thanks to distributed register technology. The data solution has already attracted huge partnerships from Microsoft, Fujitsu, Bosch, Deutsche Bank Telekom and others.

IOTA has already issued its tokens of the same name under their symbolic auction earlier this fall. Through this system, the company creates a way for connected devices to transfer, buy and sell various sets of data while creating access to often unused data, all with security substantial.

A demo of the platform is scheduled for January and will be a way for businesses to participate in the innovation. Partners will also be able to influence how the platform works. The co-founder of IOTA, David Sønstebø, said:

"The goal is to enable the combination of a business-to-business data economy and to enable Researchers and even enthusiasts to participate in. The beauty of allowing granular commercial access is that we really do not know who or how it will be used, except that we know that it's a completely new paradigm. "

The hope is that the structure of IOTA technology, without minors nor mining royalties, will allow large-scale proliferation of micro-payments for data sets, l & # 39; Data access and building a network allowing companies to use this data to improve the Internet of Things (IoT).