IOTA

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IOTA

IOTA Foundation and Zühlke Partnership Drive Machine-as-a-Service Solutions for Manufacturing The IOTA Foundation, a non-profit organization delivering the world's first scalable, feeless and decentralized distributed ledger technology, is partnering with Zühlke, a service provider for innovation projects technology and business expertise. The partnership will focus on impacting the industry through the creation of machine-to-machine technology innovation in the manufacturing and machinery sectors. “Our collaboration aims to integrate IOTA Foundation’s distributed ledger technology platform, the Tangle, into Zühlke projects which will deliver innovation for manufacturing and machinery components,” said Jens von der Brelie, Director of the Solution Center Industrial and Consumer Solutions at Zühlke, responsible for machine-building industry initiatives. “This enables advances such as the creation of micro-payments functionality, opening the door to new models of machine usage and commercialization.” Machinery, traditionally a significant capital investment for a company, can be restructured into a machinery-as-a-service model that will offer the use-specific and cost-effective approach of pay-per-use, enabling enterprises to only pay for their use of capital-intensive machinery. Read more about the partnership here: blog.iota.org/iota-and-z%C3%BChlke-partner-up-to