IOTA’s Tangle technology is gaining recognition as a secure and scalable decentralized infrastructure. This innovative technology is applicable in various industries, such as logistics and the Internet of Things (IoT), where data security is of utmost importance. Recent research conducted by the National Chung Hsing University in Taiwan has further highlighted the potential of IOTA’s Tangle in industrial systems.
The blockchain sector has evolved, and developers, including IOTA, have focused on implementing decentralization on a larger scale to ensure fairness and transparency for all participants. The research paper from the National Chung Hsing University specifically aims to improve data security in industrial applications by utilizing IOTA’s Tangle technology. Unlike traditional blockchain systems, IOTA’s Tangle uses a Directed Acyclic Graph (DAG) structure, which enables parallel transaction processing and eliminates the need for miners to validate transactions. This makes it a more scalable and energy-efficient alternative to blockchain-based systems. The research showcases the integrity and confidentiality of data from sensors to the Tangle, while also minimizing transmission channels and risks. This breakthrough has the potential to revolutionize industries that rely on the IoT environment.
The integration of IOTA for transactions offers significant speed benefits in transaction verification, making it ideal for real-time IoT scenarios. By transmitting data directly to IOTA nodes on Raspberry Pi, the risk of data tampering and loss is greatly reduced. Additionally, the research highlights the opportunities for secure and efficient data management in smart factories through IOTA integration.
IOTA, like other blockchains and distributed ledgers, relies on nodes for communication. These nodes interface with the Tangle and act as validators for transactions. When data is posted to the Tangle, it is confirmed by IOTA nodes before being uploaded. Each node in the IOTA Tangle maintains a local ledger that records all transactions and balances. This ledger is distributed among the network nodes, creating a “distributed ledger”.
The applications of IOTA’s Tangle are extensive, including addressing the issue of counterfeit goods, global trade finance, data management, logistics, supply chains, and smart applications. Cornell University has also recognized the suitability of IOTA’s Tangle technology for managing diverse voting procedures and achieving decentralization.
As industries continue to embrace digital transformation, IOTA’s focus on microtransactions and frictionless machine-to-machine communication makes it an excellent solution for the growing IoT sector. Its ability to enable devices to monitor and report on the movement of items further adds to its appeal.