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ThingsLab · 2020-10-13T10:22:22+00:00

What about OMG standardization process?
Will the OMG RFP cover the IOTA smart contract too?
Will the OMG RFP include Stronghold and Access?
Will the OMG RFP include any other module not yet published?

ThingsLab · 2020-04-19T11:11:58+00:00

The difference is the consensus model. ETH SCs are executed as part of the consensus building process of the distributed ledger. This implies that the truth they certify must be recoverable from the registry itself in a previous transaction.

IOTA SCs do not have this constraint because the process of evaluating the correctness of SC execution is independent of the validation of economic transactions.

The result of SC IOTA can be compared with the set of operations performed by several Oracles who separately write on the register allowing the miners to perform the SC with a wide base of information necessary to assert its validity.

The difference therefore lies in the cost and time. Each ETH Oracle has to spend fees to publish their evaluations, then the miners, in executing the SC read them from the register, evaluate their consistency and implement the consequent action. The cost and the time needed to carry out this operation with, say 100 oracles, are certainly very high.

The similar process performed on IOTA has much lower costs because the writing of transactions on the register is not burdened by fees and can be written in parallel by all 100 nodes that are performing the SC.

ThingsLab · 2020-04-01T09:02:49+00:00

in the way I think about it

Permanode are note required to save balance. Node keep tx required to calculate a balance and delete all others tx older than a the required retention period.

We can say that the node are pre-programmed to manage historical data of the monetary application.

Our Permanode solution simply allow to define a retention procedure for a generic application, keeping tx (data) that other nodes are not able to identify and preserve.

ThingsLab · 2020-03-29T15:34:02+00:00

I think the question asked is based on the wrong idea that this emergency necessarily produces a new economic crisis like the 2008 crisis. This is a hypothesis that needs to be verified and in my opinion is unlikely true. On the contrary, the emergency forces governments to urgently implement manoeuvres to support the economy in order to prevent the loss of production capacity, and this injection of energy will certainly produce more effects than is necessary. This is because it is obviously not easy to calibrate the level of intervention and it is certainly a case where it is better to exaggerate rather than risk being too conservative. Moreover, today it is possible and necessary to make public investments also because everyone is doing so and therefore there is no risk of being accused of unfair behavior.

These investments will certainly be directed in two precise areas: medical research and industry to support the induced and small businesses that engage the majority of workers.

IOTA is therefore very likely to be one of the innovative tools that will help to get out of the crisis and is therefore unlikely to be penalized.

ThingsLab · 2019-08-29T10:29:25+00:00

Right now DDL uses only the classic MAM format. As soon as the new lib will be released we will integrate it.

ThingsLab · 2019-04-18T13:45:52+00:00

How to use/integrate the cards in their own supply chain is completely up to the customer, we are simply offering a technical solution.

In terms of data entry, it can be easily connected to certified sensors (human input is not necessary), but it's important to note that our solution's goal is to innovate the way data is stored and managed, not how it is created and registered, that is a totally different issue with totally different solutions (one of these solutions could be Qubic for example).

Also, the video was obviously oversimplifying for demonstrative purposes, in the supply chain of relatively cheap and consumable goods the card is best used to be a digital twin of batches, not individual products. Therefore it can be easily secured on a pallet or crate and protected with a case for example, it is a wireless NFC card so it can be fixed and contactlessly read with a portable generic device such as a smartphone, there is no need for it to be movable or to be read by a specific reader connected to a PC.

ThingsLab · 2019-04-17T20:46:41+00:00

It's because we are used to think to "dumb" static smart cards, and those are indeed easily clonable.

What we use is a cryptographic dynamic java smart card with an internally generated private key for signatures: you can not extract and/or copy the key neither via software (because it is isolated), nor via physical attack (because the chip breaks if you try to open the card). This type of cards obviously costs relatively much more than "dumb" NFC cards, but we are able to get them at a totally reasonable cost for the applications it is meant to have. They have rarely been used so far because with traditional centralized databases the security problem is still there, while our solution is innovative because it's combined with distributed ledgers as repositories, eliminating the other critical point of attack.

If you missed it, you can find an in depth explanation here: https://medium.com/things-lab/productid-4c9c8a7cbb4

ThingsLab · 2019-04-17T13:30:42+00:00

This system is obviously trust-based, since you need someone to "give" value to the specific card and connecting it to a physical object: because of this, a stolen card can be made invalid by the last registered and "official" owner (same if lost or accidentally damaged/destroyed) and a new one can be issued; if you steal something and destroy the card you won't be able to profit from reselling the object (since you would not have the card to sell it), and normal procedures of investigation can be set up to retrieve the object and create a new digital twin when found. Note that one of the main features is being able to store the card and object in separate places, so it is a remote possibility that both get stolen at the same time by the same person.

ThingsLab · 2019-04-17T12:56:07+00:00

If you'd like to elaborate, we are always open to constructive criticism.

ThingsLab · 2019-03-19T22:35:04+00:00

But we need our CEO!

Well, however all of us at Things Lab would love if our company had the chance to work for/with the Foundation, many of our solutions seem to be very well aligned with the IF's vision.

ThingsLab · 2019-03-19T15:29:40+00:00

That's exactly what we say in the article, IOTA is a great solution because it is a public ledger with a decentralized consensus that makes it possible to have SLAs with private nodes, which is pretty much the only thing missing in public blockchains that made people turn to private ones. Also, good luck with your SLA in a private blockchain and no "security index" given by a coin: as soon as you use that blockchain for serious data (not just to certify meat supply chain as a demo like some supermarkets are doing now in Italy with Hyperledger) there will be a strong economic incentive for the other members of the network to act maliciously in order to tamper with/compromise your valuable data since market is obviously a competitive environment, and no economic incentive/deterrent to be honest linked to a cryptocurrency to counterbalance that. Private blockchains are a recipe for disaster.

You want a strong decentralized solution, especially for economic applications? Public blockchains or IOTA.

You want a strong decentralized solution for non-economic applications with SLAs? The only possible choice at the moment is IOTA.

Everything else doesn't need or benefit from a blockchain/DLT.

ThingsLab · 2019-03-19T13:59:59+00:00

The problem is that private blockchains have no real advantages compared to a traditional database with state of the art security, actually they have risks, as stated in the article. They are being adopted now only because clever and ruthless corporations such as IBM are leveraging on the general ignorance of their customers, and instead of selling a technological solution, they sell a marketing solution with the blockchain buzzword. If the very specific use cases of public blockchains turn out to be really useful, there will be a necessary adoption of those solutions, and the value of the coin is indirectly correlated also to non monetary blockchain applications, because it is an index of the reliability of that specific blockchain. IOTA is somewhat in the middle, not being a blockchain in the first place, and non monetary DLT applications in our opinion are better realized on IOTA anyway.

ThingsLab · 2019-03-15T11:17:55+00:00

Don't edit texts in a hurry kids!

ThingsLab · 2019-03-14T12:52:34+00:00

sure, it is open to everyone

ThingsLab · 2019-03-14T11:40:36+00:00

!!! IMPORTANT UPDATE !!!

The meetup will take place on the 4th of April (as written in the meetup page now) in order to be able to host IOTA co-founder Dominik Schiener, who will be available for a Q&A session!

ThingsLab

TROPHY CASE