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.
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.
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.”
Read Also: IOTA Community Builds Almost Feeless Non-Fungible Token (NFT) Marketplace
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.
Follow us on Twitter, Facebook, Telegram, and Download Our Android App
As the year winds down, excitement is building around low-cost cryptocurrencies that could offer substantial…
Criffy, a leading aggregator in cryptocurrency earning opportunities, has reached a significant milestone by expanding…
Cryptocurrency markets are abuzz with predictions of significant price hikes for major coins. Ethereum is…
Apex Digital Exchange (ADEX), a pioneering new decentralized exchange (DEX), aims to close the gap…
As Shiba Inu (SHIB) experienced a price increase within the last few days, the team…
The memecoin market has rallied as volatility has pushed the price of Bitcoin to a…