Sopra Steria focuses on Norwegian-developed block technology

Original post:
https://www.digi.no/artikler/sopra-steria-satser-pa-norskutviklet-blokkjedeteknologi/414026

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by Nara on the Iota.News in the Instagram – https://www.instagram.com/p/BcdDTkqFJOg/?taken-by=iota.news

“In a press release, Sopra Steria points out that cybercrime is still being detected by cybercriminals to control other people’s digital devices, including self-propelled cars and medical components.

Through the collaboration with IOTA, the two companies will develop a framework based on IOTA, to find solutions for the secure exchange of data. According to Sopra Steria, IOTA addresses many of the weaknesses of other block technology. “The special thing about IOTA, which makes this extra exciting and relevant, is that they solve the encryption and algorithms in a completely different way from other blockchain technologies. This combined with our own expertise and experience, I think may prove to be a game changer for security in the future trading and data exchange, says Jørn Skaaraas, Head of System Development in Sopra Steria, in the press release.

Some of the things that are specific to IOTA are that it scales better than, for example, Bitcoin, so you can perform multiple transactions per second without the same CPU resources as Bitcoin requires. There are also no fees on transactions.”

 

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We have previously written about IOTA – a blockchain-like technology developed by, amongst others, Norwegian, David Sønstebø (28), who has received a lot of attention internationally. The IOTA (IOTA token) crypto currency is now the world’s fourth largest digital currency, and this week was valued at a total of 127 billion, according to Dagens Næringsliv .

Now, IOTA has entered into a partnership with Sopra Steria, where IOTA technology will be used to secure the Internet of Things (IoT).

Jørn Skaaraas, Head of System Development in Sopra Steria.
Jørn Skaaraas, Head of System Development in Sopra Steria. Picture: Sopra Steria / Hanne Kristine Fjellheim

In a press release  , Sopra Steria points out that cybercrime is still being detected by cybercriminals to control other people’s digital devices, including self-propelled cars and medical components.

Through the collaboration with IOTA, the two companies will develop a framework based on IOTA, to find solutions for the secure exchange of data. According to Sopra Steria, IOTA addresses many of the weaknesses of other block technology.

“The special thing about IOTA, which makes this extra exciting and relevant, is that they solve the encryption and algorithms in a completely different way from other blockchain technologies. This combined with our own expertise and experience, I think may prove to be a game changer for security in the future trading and data exchange, says Jørn Skaaraas, Head of System Development in Sopra Steria, in the press release.

Some of the things that are specific to IOTA are that it scales better than, for example, Bitcoin, so you can perform multiple transactions per second without the same CPU resources as Bitcoin requires. There are also no fees on transactions.

Must secure public data

Skaaraas says that they will become an important partner for IOTA based on IOTA’s existing deliveries within blocked technologies.

“We have developed a platform to improve the security and management of public data in Scotland. Sopra Steria has also made car financing solutions for BMW and logistics solutions for airline airbus, he says.

In addition, Sopra Steria has also worked for a few years to develop a separate crypto box, Sopra Steria Coin, which will be used internally in the company internationally.

– This partnership is a confirmation of the legitimacy of IOTA, especially with regard to IoT security. We have been pioneers in the development of blockchain technology, and Sopra Steria has been one of the first to integrate it. So this is a completely complementary partnership. We are excited to see the first practical results from this collaboration, “said David Sønstebø in the press release.

In addition to Sopra Steria, IOTA has already collaborated with a number of other players at home and abroad. Together with, amongst others, Oslo Medtech, the Oslo Cancer Cluster and NTNU CCIS, IOTA has created a network that will look into the possibilities of electronic healthcare solutions.

Launched marketplace for IoT data

In late November, IOTA launched a marketplace for data, the biggest project for IOTA so far.

This is how IOTA works

Instead of a global blockbuster, sharing the network into users and “miners” (those who validate transactions) uses what is called  tangle,  a DAY ( directed acyclic graph ). In this system, users and those who validate the transactions are the same. Users who want to make a transaction must first approve other transactions. Thus, they contribute to the security of the network. As a transaction gets more and more approvals, the transaction is more accepted by the system.

Source:  IOTA whitepaper

– Here all types of players can sell their data to anyone. This is the key to unlocking the big promise of big data. IOTA makes this possible by having free secure transactions that eliminate friction and equally important the ability to verify that data you buy can not be tampered with, Sønstebø wrote in an email to digi.no in connection with the launch.

The marketplace at  data.iota.org  provides overview of a large number of IoT sensors and data streams on a map, and for each sensor one can purchase access to the data stream via micro payments based on IOTA’s cryptographic box.

Among the Norwegian companies that are already in the marketplace, we find Tine, Agder Energi and DNV GL. Agder Energi makes available non-sensitive production data from one of the company’s hydropower plants via IOTA’s marketplace.

 What matters to us is to perform real-time transactions, something that the IOTA platform can do,” says Agder Energy’s project manager Rune Hogga to E24 .

To E24, Hogga says that he believes the solution could be the start of electricity trading between private individuals.

 

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