IOTA news: Open Marketplace, new developer and BMW’s PartChain

  • The IOTA community project “Open Marketplace” has taken the next step and applied for a grant from the IOTA Foundation.
  • The meta-iota developer, Bernardo Rodrigues, has been hired by the IOTA Foundation.
  • BMW has published its own blockchain solution, PartChain, which will be shared within the MOBI initiative, which also includes IOTA, Ethereum, VeChain and other decentralized DLT projects.

As CNF reported two days ago, last weekend the HackAgainsAlps Hackathon took place, in which the IOTA community project “Open Marketplace” also participated. The developers have now submitted their project to the IOTA Ecosystem Fund in order to receive funding from the IOTA Foundation and finalize the prototype. The Ecosystem Fund was established in May 2017 with a value of 10 million USD to support the growth of the IOTA ecosystem through the community.

The Open Marketplace project aims to provide a decentralized marketplace for food and other goods as an alternative to large enterprises such as Amazon, Uber Eats and others. Via the platform people who cannot leave their homes and local businesses that had to shut down due to the corona crisis will be connected. Buyers and sellers can thus trade peer-to-peer without having to use an intermediary.

In this way, the Open Marketplace aims to address the fundamental problem of the supply business, which is dominated by large companies and has considerable disadvantages for both consumers and traders due to horrendous commissions paid to the large companies. In contrast, the Open Marketplace is completely free and, thanks to IOTA technology, can process transactions free of charge and uses MAM (Masked Authenticated Messaging) for anonymous and secure information transmission.

IOTA Foundation hires developer of meta-iota

How successful an IOTA community project can become is demonstrated by the new recruitment of Bernardo Rodrigues for the IOTA Foundation. Rodrigues joins the IOTA Foundation as embedded software engineer of the engineering team and will focus on embedded software development and system integration for IOTA related projects. Rodrigues developed meta-iota over the past months and also submitted the project to the IOTA Ecosystem Fund.

The project realizes an easy and fast integration of IOTA projects into the embedded Linux universe. For this purpose, Rodrigues had successfully ported the Go, Python and C libraries (CClient + MAM) of IOTA to OpenEmbedded as well as the GoShimmer, Hornet and cIRI node implementations. He also introduced IOTA to the embedded Linux community when he gave a presentation on Meta-iota at the Yocto Summit 2019 in Lyon. Recently Bernardo also published the first iterations of honeycombOS, the IOTA Embedded Linux Distribution.

Commenting on his new job at the IOTA Foundation, Rodrigues said:

I believe Distributed Ledger Technology is one of the most exciting and positive technological revolutions that humanity has put forward in recent history. I am passionate and curious about the next chapters of this exciting time in history, and the quantum leaps we will achieve in this newborn decade. I feel nothing but honor and gratitude for being able to contribute to this amazing collective endeavor.

BMW presents PartChain project

Also, yesterday the PartChain project of the German car manufacturer BMW became public. The BMW Group has initiated the PartChain project to ensure complete traceability of components and to provide immediate data transparency for all partners involved in the complex supply chain. As Andreas Wendt, Member of the Board of Management of BMW AG, explained, PartChain will enable a tamper-proof and consistently verifiable collection and transaction of data in the supply chain:

This move is designed to take the digitalisation of purchasing at the BMW Group to the next level. Our vision is to create an open platform that will allow data within supply chains to be exchanged and shared safely and anonymised across the industry.

Remarkably, the BMW Group co-founded the Mobility Open Blockchain Initiative (MOBI) in 2018, which includes well-known companies such as Ford, Renault, Bosch, IBM, Honda, Hyundai, but also blockchain organizations such as the IOTA Foundation, VeChain Foundation, ConsenSys (Ethereum incubator) and Hyperledger. The role of the individual projects is not yet known. However, it is conceivable that IOTA, VeChain or Ethereum could be used to integrate individual projects of companies in the supply chain, for example for interfaces to the PartChain. As Wendt explains, BMW will share the PartChain approach with the initiative.

Follow us on Facebook and Twitter and don’t miss any hot news anymore! Do you like our price indices?

Our top recommendation: Buy Bitcoin, Ethereum, XRP and Cardano from eToro

✔️ Buy 15 cryptocurrencies
✔️ Bitcoin CFD with leverage
✔️ Insurance up to €20.000
✔️ PayPal, SEPA, credit card

**= Risk warning: 62% of retail CFD accounts lose money when trading CFDs from this provider.
Last updated on

About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

Comments are closed.

Follow us to the moon!

Send this to a friend