{"id":7766,"date":"2017-10-20T07:00:54","date_gmt":"2017-10-20T15:00:54","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=7766"},"modified":"2017-09-08T13:45:10","modified_gmt":"2017-09-08T21:45:10","slug":"iot-blockchain-iota-a-second-generation-blockchain-implementation","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/iot-blockchain-iota-a-second-generation-blockchain-implementation\/","title":{"rendered":"IoT + BlockChain = IOTA: A Second Generation BlockChain Implementation"},"content":{"rendered":"

The Internet of Things<\/a>\u00a0 (IoT) is all about machines and devices that collect, transmit, and sometimes receive information on the internet. Blockchain <\/a>is a unique way to make a secure record of a transaction and then publicly record the details of the transaction.<\/p>\n

IOTA <\/a>combines Blockchain with the Internet of Things to create a method for IoT devices to record transactions and settlements from data transfers.<\/p>\n

Bitcoin was the first example of a blockchain implementation. \u00a0A number of non-currency applications have appropriated the use of bitcoin for their specialized application, but increasingly people are finding problems with bitcoin, a first-generation implementation of blockchain. \u00a0The technology is difficult to scale, there are costs involved in every transaction, and the time for settlement is growing.<\/p>\n

IOTA was started in 2015 with the goal of developing a secure recording mechanism for IoT transactions. \u00a0It is managed by an open source and non-profit organization. \u00a0IOTA transactions are managed as a kind of graph with properties that, unlike bitcoin and ethereum, make it possible to scale infinitely, handle offline transactions and to not have any transaction costs.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\"Digg<\/a><\/div>
\"Reddit<\/a><\/div>
\"Stumble<\/a><\/div>
\"Buzz<\/a><\/div>
\"Vote<\/a><\/div>
\"Share<\/a><\/div>
\"Bookmark<\/a><\/div>
\"Kick<\/a><\/div>
\"Shout<\/a><\/div>
\"Share<\/a><\/div>
\"Bookmark<\/a><\/div>
\"Post<\/a><\/div>
\"Google<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"

The Internet of Things\u00a0 (IoT) is all about machines and devices that collect, transmit, and sometimes receive information on the internet. Blockchain is a unique way to make a secure record of a transaction and then publicly record the details…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77,18],"tags":[],"class_list":["post-7766","post","type-post","status-publish","format-standard","hentry","category-blockchain","category-internet-of-things-iot"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/7766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=7766"}],"version-history":[{"count":2,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/7766\/revisions"}],"predecessor-version":[{"id":7768,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/7766\/revisions\/7768"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=7766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=7766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=7766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}