EVRYTHNG and IOTA Collaborate to Provide Blockchain DLT-Based IoT Solutions
The EVRYTHNG platform has just gone ahead to announce their new expansion of their Blockchain Integration Hub, one that will be able to include the integration of the IOTA platform easily.
IOTA and @EVRYTHNG announce collaboration to make product supply chains transparent and help consumers assess the authenticity and sustainability of the products they purchase.https://t.co/KekLdebuAh#Evrythng #IOTA #SupplyChain
— IOTA (@iotatoken) April 17, 2019
With the partnership that the companies have gotten into the consumer’s products will have an effortless way in which they will be able to test, deploy the necessary IoT applications and scale their businesses, all this to ensure they are still delivering provenance and the needed transparency to their respective customers.
The system will provide all this has been made possible while still sharing the real-time data between the partners within the supply chain.
The EVRYTHNG Platform Has A Lot To Offer The Growing Market
The EVRTHNG Blockchain Integration Hub has been around for the past one year, and since its inception that company has been able to provide robust and useful integrations for the market, all this is thanks to the recognized blockchains that are within the crypto space.
The platform has been able to activate their different customer’s product to ensure that it has been made interactive, intelligent together with trackable, offering nothing but the best technologies when it comes to real-world applications.
“We are celebrating the one-year anniversary of our EVRYTHNG Blockchain Integration Hub. Over the past year, not only have we created powerful integrations with some of the most recognized blockchains in the world including, OriginTrail, Tierion, BLOCKv, Bitcoin and Ethereum but, we’ve launched real-world applications with the technology. This is why we are so excited to announce a strategic partnership with IOTA, a totally different kind of distributed ledger technology, specifically targeted at the IoT industry; opening new opportunities for consumer product brands.’’ Dominique Guinard, Co-founder and CTO, EVRYTHNG.
Why They Have Gone Ahead To Partner With IOTA
Many have recognized that the IOTA platform has been able to bring new dimensions to the growing EVRYTHNG platform.
With the integration in place, we should be able to see the consumer product brands being able to experiment in the DLT capabilities. All this is being made possible while still relying on the interoperability, scalability together with the overall maturity of the EVRYTHNG platform.
The IOTA has been designed with a very unique distributed ledger technology, what this means is that you are able to securely transfer payments or just data without having to incur the transaction fees.
More To Expect Within The Blockchain Technology
From a recent study that was done by Deloitte, it was found that about 42 percent of the manufacturing executives and the consumer products are planning on investing about $5 million within the blockchain technology in just the next year.
It is expected the IoT applications will be able to account for a significant amount on the money that has been invested in two primary forms. The first is the consumers; by ensuring they protect and improve on the overall experience, the second is on the current supply chain; by improving on the efficiencies taking place across the chain.