IOTA is really working on some great projects that could transform the coin’s future and help it meets its vision of taking DLT innovation to common use. In another attempt to accomplish this vision, IOTA has partnered with ENGIE Lab CRIGEN so that it can experiment and drive its Distributed Ledger Technology of what it calls the IOTA Tangle to smart energy ecosystem and related IoT domains.
ENGIE Lab Crigen: A research center focused on innovation in gas and new energy sources
IOTA couldn’t get a better partner than ENGIE Lab Crigen as ENGIE’s value-add lies in innovation and the transformation of ideas and scientific knowledge into proven industrial applications or commercial products. ENGIE Lab CRIGEN is the corporate research center of the ENGIE Group, a global energy player and an expert operator in electricity, natural gas, and energy services. ENGIE Lab CRIGEN, through its Computer Science and Artificial Intelligence Lab (CSAI Lab), has been exploring blockchain and distributed ledger technologies (DLT) and is now collaborating with The IOTA Foundation to explore the IOTA Tangle, an open-source permissionless distributed ledger technology.
IOTA, with this partnership, will also be able to bring its IOTA tangle into play. The IOTA Tangle is the first open-source distributed ledger specifically being built to power the future of the Internet of Things (IoT), with feeless microtransactions and data integrity for connected devices and machines.
IOTA and ENGIE Lab CRIGEN (CSAI Lab) have already been working in collaboration with each other. Since November 2017, IOTA has been running the Data Marketplace initiative with the participation of ENGIE Lab CRIGEN (CSAI Lab) and several industrial and IT companies. After running the Data marketplace proof of concept and experimenting internally with the IOTA Tangle, ENGIE Lab CRIGEN (CSAI Lab) explored further IOTA use cases and triggered open innovation initiatives together with other players within IOTA’s ecosystem. The ENGIE Lab CRIGEN research teams (CSAI Lab, Nanotech, Sensor & Wireless Lab, …) and IOTA will explore and test the possible use of IOTA in improving ENGIE’s business processes/products- and services applicable to Energy and adjacent areas such as smart cities, smart buildings, and mobility. This will be done through joint Proofs of Concept and participation in collaborative IOTA initiatives.
Both sides shared their views n this partnership
Philippe Calvez, ENGIE Lab CRIGEN, Research Lab Manager, Computer Science and Artificial Intelligence Lab (CSAI Lab) —
“To continue a fruitful collaboration with IOTA, we wanted to strengthen our links with The IOTA Foundation. Many works and Proofs of Concept have already been realized in the Lab and we would like to participate in larger projects in France and abroad, in order to concretize and extend the use of innovative DLT technologies like that offered by IOTA in different business activities of ENGIE.”
Wilfried Pimenta de Miranda, Head of Business Development at the IOTA Foundation —
“The IOTA Foundation is excited to team up with ENGIE Lab to further accelerate the technology development and prototyping cycle through concrete pilots and international collaboration within the Power & utility industry. The IOTA team very much looks forward to scaling this cooperation. ENGIE Lab’s broad expertise and proacti.veness in investigating new digital technologies and smart energy business models are real assets to our ecosystem.”
IOTA is en route some glorious projects such as the Hub, Coo-free IRI, Trinity wallet and Qubic. Taking DLT to smart energies is another big project and definitely would help IOTA achieve its vision. It would be interesting to see now how IOTA executes these projects.
Will these project help IOTA achieve greatness and help it break into top 5 cryptocurrencies? Do let us know your views on the same.
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Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.