The IOTA Foundation and corporate research centre Engie Lab Crigen have joined forces to develop blockchain-based smart energy ecosystems. In a joint press release, the two organisations said that they are working together on developing an open source platform for creating decentralized applications (DApps) using IOTA’s Tangle. 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.
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.