Yesterday the IOTA Foundation
announced its partnership with STMicroelectronics (ST) to enable its Internet of Things (IoT) technology on more devices. IOTA’s innovative blockchain, or rather a directed acyclic graph (DAG) or tangle, can now be used with ST’s electronics.
The IoT is, broadly, a network of connected smart devices which communicate with each other. The German-based IOTA foundation aims to develop blockchain technology for the IoT, which is scalable and thanks to the tangle structure, without fees.
Its new partnership with ST comes with software which allows immediate access to the tangle for those with ST components. The leading electronics firm produces products such as sensors, data converters, and semiconductors for their 100,000 clients worldwide. Swiss headquartered ST filed around 550 new patents last year alone and boasts a market cap of $15.8 billion.
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