- IBCS Poland integrates IOTA’s Tangle technology to its asset tracking software, ibcsTracker
- IOTA’s technology will help in better tracking and supervision of returnable assets
- MIOTA is currently ranked 14th on CoinMarketCap and trades at $0.41
Poland’s IBCS Group, an organization that provides end-to-end supply chain solutions for goods to increase performance, efficiency, and productivity within the enterprise, has officially joined IOTA’s Tangle Universe Project. This according to a press release issued May 17, 2019.
IOTA’s Tangle Integrated with ibcsTracker
German not-for-profit blockchain organization IOTA has added yet another milestone to its list of enviable achievements. The Tangle-based distributed ledger technology (DLT) project has joined forces with IBCS Poland to help it better track the whereabouts of its assets.
Per the press release, IOTA’s blockchain solution was integrated with IBCS Group asset tracking platform ibcsTracker.
The ibcsTracker is designed to track returnable packages or containers and allows users to keep a tab of unique cargo details including their packaging serial number, owner’s specifics, and others.
The integration with IOTA’s Tangle ensures that such data is not fidgeted or manipulated in any manner after it has been updated on the blockchain network. Missing and stolen assets can immediately be reported to the concerned authorities without running the risk of divulging confidential company information.
The official press release reads in part:
“In the future, the Tangle Universe project wants to bring together people, projects, applications and above all ideas from the IOTA and the Tangle environment with potential users of applications. The goal is to develop new ideas specifically for the respective applications. Basically similar to a permanent trade fair in the area of DLT, IOTA and the Tangle where the “exhibitors” are the partners of Tangle Universe and ideas are developed.”
It’s also worthy of note that this is not the first instance of interaction between the two organizations. IBCS Poland on January 7, 2019, announced that it had partnered with the IOTA Foundation to use its Tangle technology for its in-house track and trace supply chain solution.
IOTA Continues to Impress
The German blockchain project which aims to reshape the world’s Internet of Things (IoT) and Machine to Machine (M2M) economy has made several strides in recent past.
Blockchain Reporter informed its audience on April 29, 2019, that IOTA had partnered with British automobiles giant Jaguar to incentivize the latter’s drivers to share traffic related data in exchange for IOTA’s native cryptocurrency, MIOTA.