IOTA (IOT): Qubic update and RIDDLE&CODE IoT partnership
- IOTA Tangle to be used to enable machine-to-machine transactions.
- IOTA price is among the biggest daily gainers on the day with gains exceeding 4%.
The IOTA foundation has released the progress report for the development of Qubic. The development team says that it continued with the work on Qubic Dispatcher however, currently it is working on boundary system that will be used to enable the integration with the Tangle features of sending and receiving. In addition to that, work is being done to come with Dispatcher plugins that will be used to isolated units while ensuring that they work together seamlessly utilizing the Qubic Computational Model.
In other news, the IOTA foundation announced a partnership with RIDDLE&CODE yesterday. The partnership will allow both entities to work together for the development of an entirely trusted path starting from sensor to Distributed Ledger while harnessing the power of their unique technologies. IOTA Tangle will be used to enable machine-to-machine transactions. RIDDLE&CODE has developed a blockchain hardware that can be used to achieve a secure ecosystem where business can thrive. The founder of RIDDLE&CODE, Tom Fuerstner who is also the CTO of the company said in a comment:
“Real-world industrial and smart city environments require trusted, scalable and transparent environments from end-to-end to store data. By securely connecting any IoT sensor or machine to the IOTA Tangle with our crypto chips and middleware, we are delivering just that.”
The director of partnerships at IOTA, Holger Kother expressed his excitement saying:
“This integration with RIDDLE&CODE brings to life the IOTA Foundation’s vision of enabling all connected devices. With this step, the prerequisites of trust are in place for industry to adopt highly innovative tech infrastructure for more efficient business processes.”
IOTA price is among the biggest daily gainers on the day with gains exceeding 4%. The token is currently valued at $0.28 after correcting higher from $0.26. The trend is strongly bullish with the buyers’ eyes glued on $0.3.
Elsewhere in the market:
Crypto market update: Morgan Creek CEO, Roger Ver and Quoine CEO bullish on Bitcoin and cryptos
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Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
