IOTA Joins Hand With Energinet For IoT Integration

The Denmark based electricity and natural gas transmission system operator, Energinet has entered into a partnership with IOTA Foundation to test distributed ledger technology (DLT) in the Internet of Things (IoT) and energy market domains. They will be creating new products and services in the green energy system centered on using IoT devices with IOTA blockchain in back.

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IOTA Joins Hand With Energinet For IoT Integration

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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