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Retail Supplier Parent Showcasing IOTA Distributed Ledger Technology
August 30,2019 Jaguar Land Rover (JLR) is leading, "a demonstration of energy provenance-tracking and Internet-of-Things (IoT) co-creation during a special exhibition with non-profit IOTA Foundation’s distributed ledger technology, France’s ENGIE Lab CRIGEN, the ENGIE Group’s corporate center for R&D and ENTRA, one of Norway’s leading real estate companies," the companies said The demonstration is part of the grand opening of ENTRA’s Powerhouse Brattørkaia, a new energy-positive building in Norway The showcase demonstrates how electricity charged by smart electric vehicles can be traced back to the Powerhouse as its green and local source while delivering a real-time data display of energy exchange between the car and the Powerhouse charging resource, the companies said The demonstration, "spotlights the many ways in which industries can partner to create interactive, energy-smart innovation," said Kjetil Trædal Thorsen, architect at Snøhetta, one of five founding partners in Powerhouse. "This development leverages ENGIE Lab CRIGEN’s expertise in energy, facility management, and smart city, as well as its capabilities in IOTA, enabled IoT development. The corporate R&D center based in Paris has cooperated with the IOTA Foundation since September 2018 with the goal of exploring the use of IOTA technology in enhancing ENGIE’s business processes, products, and services in such areas as energy, smart cities and buildings, and mobility," the companies said Jaguar Land Rover announced earlier this year the development of an IOTA Smart Wallet to secure and monetize data exchanges with its vehicles. IOTA is a global not-for-profit foundation incorporated and headquartered in Germany. The IOTA Foundation's mission is to support the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle. "The IOTA Tangle moves beyond blockchain by providing the world's first scalable, feeless and fully-decentralized distributed ledger technology. The Tangle uses its own unique technology to solve three fundamental problems with blockchain technology: high fees, scaling and centralization. It is an open-source protocol connecting the human economy with the machine economy by facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less micropayments, and secure access control for devices," the companies said
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