The IOTA Foundation has announced a new partnership. With this partnership, they want to further their efforts in the area of smart homes and digital identity. With IAMPASS, the areas of Digital Identity, Smart Cities and IOTAs Tangle will come together better.
Digital identity, Internet of Things and Smart Homes – these are probably the key words when it comes to our digital future. The fact that the IOTA Foundation with its Tangle wants to offer the technical infrastructure for this should be familiar to most people interested in cryptography by now. With a new partnership, this goal should now come a few bytes closer.
A dream for the Bitcoin loophole
The Tangle will soon be the basis for a new identification system like this https://www.onlinebetrug.net/en/bitcoin-loophole/. A dream for all data collectors: The vein patterns in the palm of the hand should be used to perfectly identify, register and digitally image people on the tangle. With IAMPASS all this should become possible – one expects a secure and no longer manipulable illustration of Bitcoin loophole identity data.
IOTA: Digital Identity and the Tangle
In connection with Smart Cities, the project is still thinking ahead. A process called Masked Authenticiated Messaging will make it possible to recharge smart cars via the digital account. IOTA recently announced this in a blog post.
The advantages of a decentralized administration of identity are obvious. The distribution is moving away from centralized mountains of data to decentralized individual nodes that are designed to simplify identification.
Toan Nguyen, Director Business Development & Cloud Platform of IAMPASS:
“Distributed ledger technologies are becoming a key component of new initiatives in smart cities and digitization. This is especially true for data management and security. IOTA’s Tangle is particularly suitable for the emerging security applications for digital identity and personal data. Together, we expect the IOTA ecosystem and IAMPASS to help drive the next phase of digital identity management for high-security environments such as data centers and the smart city.”
So when IAMPASS’ plans work out, it will soon be possible to identify yourself by the arrangement of veins on the palm of your hand, recharge your smart car and let it drive you into a fully networked smart home. (Provided the necessary small change is there).