IOTA Foundation and Kontakt.io came out today with a big news for all IOTA token holders – they have announced partnership which will see integration of IOTA’s tangle with Kontakt.io’s location platform.
This will enable fully transparent storing and reporting telemetry data of smart sensors in a tamper-proof and chargeable manner. Healthcare operators and supply chain firms that monitor environmental conditions for compliance reasons will see a big benefit from this collaboration.
The collaboration between Kontakt.io and IOTA is bringing a concrete solution, put up together specifically for condition monitoring and asset tracking.
Monitoring temperature, humidity, and other environmental factors is becoming increasingly important for all healthcare operators and logistics companies globally as they need to account for risk management, compliance, and ensuring a high quality of goods and services. Solutions used right now for condition monitoring require that data stored in sensors is either collected manually or uploaded to the cloud. In both cases, it is possible and often easy to tamper the records, which raises concerns about security and reliability of such data.
By leveraging advantages of Distributed Ledger Technology, the Kontakt.io and IOTA integration is going to ensure that device-to-device and device-to-cloud connection and communication of telemetry streams is safely encrypted and the data itself is not possible to manipulate.
Manufacturers, carriers, inspectors, technology providers, and consumers alike will take advantage of this technology. It will boost trust and transparency, provide ease dispute resolution, result in better compliance breach detection, and as a result prevent faulty products from being delivered to consumers.
“Up until now, we have not heard about successful blockchain applications in IoT because of the amount of computing needed to execute a transaction,”
says Łukasz Szelejewski, CTO at Kontakt.io.
Dominik Scheiner, Co-founder and Co-Chairman of the IOTA Foundation (IOTA) sees the partnership as a vital regulating base from which a more efficient and better supply chain can be built.
Along with sensor-equipped tags and the IoT application platform, the IOTA module will be integrated in Kontakt.io’s turnkey offering for healthcare and supply chain. Kontakt.io has a working prototype of this solution and has already scheduled first commercial rollouts later this summer.
The next goal is to offer IOTA beacons in prototyping kits. Both Kontakt.io and IOTA are going to talk about their technology as well as the future outlook for IoT and Distributed Ledger Technologies in a joint webinar on May 22nd.