UN Division Looks to IOTA Ledger Tech for Higher Efficiency
The United Nations Office for Project Services will pilot the IOTA Foundation's tangle technology to try and streamline work processes.
IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. IOTA is novel in that it doesn’t use a blockchain and instead enables a different type of system of a web of connections. The new system is called Tangle and is based on a type of cryptographic verification known as Directed Acyclic Graph (DAG). In order to make a transaction, the user must validate two previous transactions in the web. This means the system is proportional in speed to the number of transactions occurring.Blockchain 101
Jaguar Land Rover is trialing tech that may soon let drivers earn rewards in the IOTA cryptocurrency for sharing data on road conditions.
Almost all of roughly $11 million-worth of iota tokens alleged to have been stolen by a British man have been found.
The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours.
An investigation by Europol and other police agencies has led to the arrest of a British suspect allegedly behind a spate of crypto thefts.
IOTA tanked in September after the bulls failed to stem the bleeding that followed August's monthly highs.