IOTA made an official announcement on the release of the world’s first charging station where charging and paying in a machine to machine way with the use of IOTA. The charging station which is open to the public is released by ElaadNL.
The charger will be located in the business park, Arnhems Buiten, the Netherlands which is also the new test site ElaadNL. The test site will contain all types of charging stations including a fast charger, a charging island, a battery, two charging lanterns and the IOTA charger.
The charging station operates autonomously and handles the payment and communication with the end user. The IOTA Tangle which is specifically designed for the Internet of Things is an open-source protocol that facilitates novel machine to machine interactions and stores the meter values every 15 minutes in the tangle that thereby ensures a dependable and indubitable administration.
The transactions can be directly exchanged without the use of subscription or charge card as bank office and communication protocol is not required.
In addition, the charger is equipped with an hardware that sets-up a TCP/ IP connection with the car following which an autonomous and machine to machine payment and data exchange will be completed. For cars that are not enabled with hardware and software, IOTA tokens can be directly sent to the charger using the normal IOTA wallet. The team even demonstrated the charger with the help of a mini tesla.
The Head of Mobility of IOTA, Alisa Maas says,
“IOTA is thrilled to see ElaadNL take their IOTA smart charging station development to the next level. This solution demystifies IOTA’s potential to become the backbone for the Machine Economy.”
The Managing Director of ElaadNL, Onoph Caron says,
“This charger shows the ability of using real machine to machine communications and micropayments, with the use of IOTA as a secure layer for these payments and data”
Kepete1, a Reddit user says:
“This is amazing! Can’t believe we can see the future developing so close.”
II Maledetto Toscana, a blockchain and cryptocurrency enthusiast says:
“Another step towards the future! Great Iota! Fantastic community, fantastic ideas”
According to CoinMarketCap, at press time, IOTA [MIOTA] was trading at $1.70 with a market cap $4 billion of and has seen a significant rise of more than 5% in the past 24 hours.
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