The IOTA Foundation and corporate research firm Engie Lab Crigen have joined forces to develop blockchain - based smart energy ecosystems . Proofs of concept are now being developed by ENGIE ’s Computer Science and Artificial Intelligence Lab using IOTA ’s proprietary open - source software . Tangle handles internet of things sensors , micropayments and energy transfer . The aim is to develop solutions to improve business processes and energy services . A formal starting date for the project has yet to be announced .
The IOTA Foundation and corporate research centre Engie Lab Crigen have joined forces to develop blockchain-based smart energy ecosystems. Proofs of concept are now being developed by ENGIE’s Computer Science and Artificial Intelligence Lab using IOTA’s Tangle open-source blockchain. Tangle handles internet of things transactions, micropayments and data transfer. The aim is to develop systems to improve business processes and energy services. A formal starting date for the partnership has yet to be announced.