IOTA and its decentralized protocol provide for numerous inventions.Well-known companies increasingly apply for IOTA patents.The new decade is completely dominated by the digital transformation.Many industrial processes, developments and projects focus on solutions around Blockchain and DLT.At the forefront is IOTA, the backbone of IoT and a beacon of hope for payment systems and communication models between machines.
Photo by Daniel Dumbrava on Unsplash The acyclic graph of IOTA and the transactions via the tangle promise multi-channel capable applications and the networking of billions of devices.The inventions, patents, solutions and applications of block-chain-based processes and workflows are mainly about market share and sales.If you want to buy IOTA, you should hurry, because with every new invention the value of the token is likely to increase.A glance at the patents applied for clearly shows that the IOTA protocol is becoming the new core of development research in Germany.The demand for IOTA is growing and the interest is currently particularly huge, according to Dan Simerman, Head of Financial Relations at the IOTA Foundation.
He recently announced the following message on his Twitter channel: We’ve had a TON of new interest in IOTA this week, and I’ve had people asking me where to start.According to Dan Simerman, by the end of 2019 there were 111 applications for patents with the IOTA protocol from 44 countries.The IOTA Foundation was also extremely positive on Twitter at the beginning of 2020, and once again emphasized the importance of IOTA for machine communication in IoT: Distributed Ledger Technologies will play a crucial role in the future of IoT where machines can trust and transact with each other.A note on our own behalf: On 21.01.2020 there were already 117 patents in connection with the IOTA protocol.77% more IOTA patents than 2018 A look at the graph at IOTA-Archive.org shows that the number of patents related to the IOTA Protocol has increased rapidly over the last 365 days, with about half of the patent applications coming from only 5 companies: Innogy SE Intel Corporation Merck But other companies are also working intensively on innovative developments in connection with Blockchain, IOTA, DLT and Tangle and are constantly filing new patents with the European Patent Office.
This year, one of them is a patent application by Crypto Storage AG from Switzerland.Patent with IOTA protocol for finance The company is an official partner of the IOTA Foundation and has developed a system for conducting transactions with cryptographic assets.Through the user’s device and a front-end application, the transaction data is sent to a back-end server configured to receive approval logic from the hardware security model.
After verifying the signed transaction, the back-end server makes it available to a block chain node.Crypto Storage AG is a subsidiary of Crypto Finance AG and enables its customers to securely store more than 60 different crypto assets on an institutional level with just one infrastructure solution.
Photo by Sezer Arslan on Unsplash World’s largest crypto-ecosystem at Swiss company As early as the beginning of 2019, it became known that Crypto Storage AG was developing the worldwide institutional IOTA solution for the cryptotoken storage infrastructure.The multi-signature storage solution has been developed for the storage of large quantities of IOTA tokens.It meets the requirements of financial intermediaries and other major partners in a wide range of industries.The solution enables private, public and institutional investors to securely manage and control access to their IOTA tokens.Separate infrastructures and definable approval processes provide users of the crypto-storage solution with an additional level of security.
The hardware security module, the tamper-proof signature device Crypto Storage and the customised software solution were developed by leading Swiss providers with many years of experience in the fields of finance and IT security.The Group has offices in Zurich, Geneva and Zug, also known as Crypto Valley.Experts believe that the company is currently home to the world’s largest ecosystem of crypto companies and innovative organisations.
Crypto Storage AG is proud to support the IOTA platform with our world-class infrastructure as we see an increasing demand from our customers and IOTA’s industry partners to enable the IOTA token without compromising security, said Stijn Vander Straeten, CEO of Crypto Storage AG.Source IOTA-Tangle on Intel servers in Fog Computing Also very fresh is the application by Intel Corporation for a patent on Multi-Access Edge Computing (MEC) technology.The horizontal IT architecture at system level networks IoT devices along a cloud.The system level is used to distribute resources for services such as computing, storage, control and networking as well as the operation of IoT devices.
This also allows the recording of transactions that run on the IOTA tangle.To match this, the company has also applied for a patent for a mobile service that is specifically designed for autonomous driving.For wireless connections during activities related to driving assistance, multi-access edge computing can be coupled with mobile networks such as the 5G standard.This enables mobile connectivity and driver assistance services for vehicles or associated wireless devices.Continuous wireless coverage is also essential for IOTA.Intel provides servers that work “at the edge” of the network.They enable wireless, connection-based or connection-related routing for stable IoT.Devices such as sensors can also connect to the IoT network via the new development.
With the horizontal architecture,- so-called fog computing, services are distributed in the cloud.The system is also able to process transactions from the IOTA tangle.Siemens already holds 13 patents for the IOTA protocol In the meantime, Siemens AG alone has 13 patents or patent applications in which the IOTA protocol plays a major role.The company sees a great need for improved protective measures for login processes of service providers.With the current invention, there is now an improved procedure with which users can protect themselves from so-called brute force attacks during registration with a service provider.
The corresponding device is a computer program and a computer network that adds additional transaction steps to the login process, thereby increasing the technical effort.In addition, the attackers incur costs, as each of the additional transaction steps contains a financial factor.Hackers usually run several thousand password combinations through a user account.
By automated and random testing, passwords or keys should be recognized.Most passwords can be decrypted very quickly, according to the RC5–72 project of the organization Distributed.net.Thus the time needed to decrypt a password consisting of 3 lower case letters and 2 numbers is only 0.03 seconds.The Siemens invention uses directly executed transactions with microfinance value transactions through distributed database systems such as the block chain-based protocol of IOTA.To confirm the identity, the user can use any e-wallet for the registration process that provides anonymous financial value services and even use e-wallets of different block chain technologies.Since financial values are now added to each transaction step to confirm the identity and brute force attacks trigger several thousand attempts per minute, these attacks by the Siemens invention are associated with immense costs for the hackers.Photo by Alexandre Debiève on Unsplash Digital payment system from Bosch can also use IOTA Robert Bosch GmbH is also intensively engaged in research into IOTA and blockchain-based solutions.The patent with the number DE102018206460A1 shows a solution submitted in mid-April 2018 for operating a digital payment system based on decentralized accounts, each of which is assigned to several directed acyclic graphs.
The patent covers the corresponding software and a storage medium as well as the payment system.One of the implementation forms is based on the distributed database Tangle.According to the patent, the advantage of the IOTA token and the solution based on this currency is the possibility to build up an own crypto-currency system.Above all, the fact that a single software error or attack cannot endanger the entire system is a plus point for the creation of a worldwide payment transaction at reasonable transfer costs.
In the future, no vehicle will be on the road without digital services from Bosch, says Dr.Markus Heyn, member of the board of management of Robert Bosch GmbH, source Digitization has also found its way into the pharmaceutical industry.The U.S.company Merck uses block chain technology and the IOTA protocol for numerous technologies.Merck already holds a total of three patents for the IOTA protocol.Based on artificial intelligence, the latest development enables supply chains to be protected and counterfeit products to be better identified.
With the help of block-chain-based applications, physical objects such as drugs can be given a digital twin in a secure and encrypted way.The digital twin can then be used to track the supply chain of any product.The networked workflow environment should also work via the consensus of IOTA’s decentralized tangle, according to the patent description.2020 will be an IOTA year Almost daily new patents with the IOTA protocol come onto the market.Large companies are superior to small and medium-sized enterprises thanks to abundant financial resources.The main markets currently foreseeable for IOTA are the industry with autonomous driving and machine communication, the energy sector, the financial markets and the pharmaceutical industry.
2020 will be an exciting year for new applications under Blockchain 2.0, Industry 4.0 and the IOTA-Tangle.It also remains to be seen which applications can establish themselves for industrial use and autonomous driving.But it is already clear that the new decade could not start better for IOTA.Connecting data leaders and curating their thoughts 💡 Follow .
