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German Leading Smart Energy Project Chooses IOTA’s Tangle as a Cutting-Edge Energy Solution

SUSEE (Secure Sensor Platforms for Smart Energy Networks), multi-lateral research and development collaboration, which include the energy distribution network operator SWO Netz GmbH, researchers from Fraunhover and Chemnitz universities, peerOS GmbH, mCloud Systems GmbH and TIP GmbH enterprises, as well as the non-profit IOTA Foundation, has chosen IOTA’s Tangle as a platform for a revolutionary smart energy project.

According to an official announcement shared by the IOTA Foundation a couple of hours ago, SUSEE, an experimental project in the smart energy ecosystem, will leverage IOTA’s Tangle utility.

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Based on the report, Tangle will be used to facilitate information transfer between the sensors responsible for sending information to a lot of end-users.

IOTA’s Tangle becomes the SUSEE’s choice for the experiment due to its high standards of encryption, relatively zero fees, fast transaction speed, and scalability.

According to the report, the project has been included in the applied non-nuclear research funding in the 7th Energy Research Program of Germany’s Federal Ministry for Economy and Energy (BMWI) with a total volume of €2.6 million.

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Reacting to the new development, Director of Partnerships at the IOTA Foundation, Holger Köther, said:

“Ensuring data integrity and data management encrypted and securely directly from the edge is the core DNA of IOTA. I am looking forward to working as part of a team of so many forward thinking organizations, to demonstrate how IOTA is being used as a security and integrity layer for upcoming applications, where a distributed resilient IT infrastructure against attacks is key.”

Describing the reason for the joint project, Verena Honeck, scientific assistant at the project-executing agency Jülich, said:

The joint project was selected because it is a highly innovative project in the field of networked sensor systems with application in the smart meter sector and involves qualified partners who represent an entire value chain.

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Daniel Demmer, CoFounder at PeerOS also stated that the initiative is targeted at building an ecosystem that is open to everyone, transparent, and secure. He pointed out that it will make data belong to whoever creates it and not who offers the service.

With this project, the real world is linked with the digital for the first time, and not just in an abstract deployment scenario but in a scenario that affects everyone. What do I use and how can I use my data to generate added value for myself and for society,” Daniel Demmer added.

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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