Solving problems in the mobility and automotive space is one of the most compelling reasons for DLT adoption around the world. DLTs are also the right solution for enabling new innovation that will make our lives simpler, cities more livable, and businesses better able to meet the needs of their customers.
In this presentation, Mat Yarger, Jens Munch Lund-Nielsen, and Dan Simerman give an introduction to the DLT technology being developed by the IOTA Foundation and show real-world use-cases of how DLTs are being applied to solve current issues and drive innovation, with a focus on the automotive, supply chain, and digital asset utilization.
About the Speakers
Jens Munch Lund-Nielsen is Head of Global Trade & Supply Chains and has a background in international shipping and business development. Building DLT solutions with governments and corporate partners and advisor to joint industry initiatives such as the World Economic Forum, UK Parliament, the Global Alliance for Trade Facilitation and others.
Dan Simerman is an investor and technical product manager well versed in consumer psychology, digital assets and open source software development. Dan has a history of building software for Fortune 50 financial institutions, multinational media companies and strategic consulting firms. As Head Of Financial Relations at the IOTA Foundation, Dan’s goal is to support technology for a new type of open infrastructure, one where people and devices can seamlessly exchange data freely, safely and securely in a digital world.
Mathew Yarger is the Head of Smart Cities and is responsible for developing strategy and solutions around the use of data with DLT based innovations that enable flexible and privacy centric data and value transfer. Mathew served as a US Army Combat Veteran, Cyber Security Operations Planner, & Digital Forensics professional for the Department of Defense prior to joining the IOTA Foundation.
The IOTA Foundation
The IOTA Foundation is a not-for-profit organization with 100+ employees established in 2017 and headquartered in Berlin, Germany. The Foundation’s mission is to drive the development and standardization of new distributed ledger technologies (DLTs) that enable permissionless innovation ecosystems. The IOTA Foundation works to realize this potential by actively building a collaborative ecosystem of developers, start-ups, private enterprises, and government, civil society and academic institutions.
The IOTA Protocol
The IOTA protocol is an open-source secure data communication protocol and zero-fee microtransaction solution utilizing distributed ledger technology. The IOTA network (“the Tangle”) provides a single source of truth and trust in data, with a goal of being the backbone of (every)thing in a highly networked world. It can be used to generate machine-to-machine (M2M) micropayments and share data across the ecosystem of devices, generating data, producing results and co-creating new business models.
The IOTA Tangle offers all the benefits of a DLT with the underlying principles of a blockchain, but it has a different design principle based upon directed acyclic graphs (DAG), allowing the network itself to determine transaction approvals. Its interoperability and speed thus make it ideal for devices that need to talk to each other in a wide variety of situations. It is designed to be permissionless and distributed and has no miners or transaction fees.