IOTA learns that the success of blockchain technology does not depend on the market capitalization’ – Report
- Europe’s largest semiconductor company STMicroelectronics launched the third iteration of its IOTA-powered machine-to-machine communication software.
- The tech giant praised IOTA as an example of the importance of technology coming before prices in the crypto space.
IOTA has continued to win in real-world use cases in the Internet of Things (IoT) industry. STMicroelectronics, the largest European semiconductor contract manufacturing and design company, has released a new version of its software suite that uses the IOTA network for embedded applications.
The software, called X-CUBE-IOTA1 3.0, is integrated with other IOTA and ST technologies, the company said in a blog post. It offers the latest iota.c middleware, uses the STSAFE security element and the L2Sec protocol, and supports the Azure RTOS operating system.
Essentially, these functions allow the application to take temperature and humidity values from the sensors of chips and send them to the IOTA network. The program thus simulates a product that relies on the IOTA ledger for machine-to-machine communication and more.
The blog post went on to highlight that IOTA was a natural choice for it to launch the unique application. According to ST, the IOTA blockchain has high throughput and is also highly scalable. It notes that IOTA 1.5 Chrysalis is hovering in the thousands of transactions per second (TPS). An IOTA 2.0 GoShimmer prototype has shown it can reach 18,000 TPS, ST added.
The specific feature of IOTA that makes X-CUBE-IOTA1 3.0 tick is the efficiency of IOTA 1.5’s payload. The IOTA iteration allows transactions to require only 275 bytes of space, optimized from the previous 3500 bytes.
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This efficiency has earned IOTA high praise from the Dutch multinational technology company headquartered in Geneva, Switzerland and listed on the French stock market.
ST stated in the blog post that despite the crypto market being in turmoil, IOTA’s technology is an example that blockchain’s success is not based on price performance. Blog post read.
As the crypto world is in turmoil, IOTA learns that the success of blockchain technology does not depend on the market value of tokens, but on the merits of its underlying infrastructure,
In particular, ST has been a long-term IOTA partner. It released the first version of its software — X-CUBE-IOTA1 — in 2020. However, it’s not the only real-world company to recently launch a product on the Tangle.
Late last month, tech giant Dell Technologies announced a partnership with IOTA to build a real-time carbon footprint tracking platform. The solution uses a data security fabric and also has BioE and ClimateCHECK participating.
The time is here! 🎉
In this year’s top post for #edge in 2022 we collaborated with @IotaBioE, & @ClimateCHECK to develop real-time carbon footprint tracking through a #data confidence stuff!
Learn more about our #EdgeSolutions: https://t.co/BuaGZ3NJKn@Intel #Top5ForEdge pic.twitter.com/wzrTQZWKsn
— Dell Edge & Telecom (@Dell_Edge) 31 December 2022
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Meanwhile, the IOTA blockchain ecosystem has already seen expansion in 2023 with the launch of the blockchain game IOTAHeroes. These advances make the IOTA Foundation extremely optimistic for 2023. The development could also mean that the IOTA token is poised for a surge. IOTA is currently trading at around $0.19, up 1.56% on the daily chart.
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