Japan: Fujitsu showcases IOTA cryptocurrency as new automation standard


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TLDR;

IOTA is a feeless DAG cryptocurrency designed for machine-to-machine transactions, and in this case it was being used via Fujitsu’s Intelliedge software to monitor a pretend factory production line, tying together the the factory itself, the robots in it and the individual components being assembled.

IOTA’s Tangle overcomes the traditional limitations of distributed ledger technology, Werner explained. It’s energy efficient, offers feeless transactions and scales extremely well, making it well-suited to becoming the industry standard of automated systems and a wider machine-to-machine economy.

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