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Blockchain lab explores sustainable IoT

Blockchain lab explores sustainable IoT

Business news |
By Nick Flaherty

IoT


Industrial blockchain technology IOTA has opened a research lab at Imperial College London to explore ways of using its distributed ledger technology for sustainable systems across the Internet of Things (IoT).

The Imperial IOTA Infrastructure Lab (I3-Lab) focuses on circular economy research using digital tools. The I3-Lab will be hosted at iCUBE, a dedicated space that will serve as the hub for sustainability research.

The IOTA distributed ledger technology is already being used in several projects that innovate new economic models, such as the Trade Logistics Information Pipeline (TLIP), digital passports for batteries and agricultural digital twins.

The blockchain technology has been designed to be low power, using a proof-of-stake approach, chairman and co-founder Dominik Schiener. tells eeNews Europe. A standard server can handle up to 10,000 tokens per second and the company is looking at how to scale this  up to 100,000 per second.

The I3-Lab has already secured two additional grants and funding for Autofair, a Horizon Europe project for fair AI algorithms, iCircular3, a project that studies circularity in the contexts of robotics, automobiles, and outdoor tools, and CoDiet, a research project to combat diet-related diseases through diet-monitoring tech and personalized nutrition.

The Lab has hired five PhD students and several senior researchers, with the goal of a total team of about 25 people. IOTA has previously funded grant work for Imperial’s Professor Robert Shorten, with Dr. Pietro Ferraro, now part of the IOTA team, having participated in this grant as a postdoc, contributing to the development of the IOTA Congestion Control algorithm and co-authoring several publications on IOTA.

www.iota.org; www.imperial.ac.uk

 

 

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