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IOTA Teams Up with Global Semiconductor Leader

  • Alex Dovbnya
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    The manufacturers of electrical equipment can now integrate IOTA-based solutions into STM32 devices 


IOTA Teams Up with Global Semiconductor Leader
Contents

The IOTA Foundation has just announced a major partnership with Geneva-headquartered STMicroelectronics, which is considered to be the largest semiconductor chipmaker in Europe. 

This tie-up will allow the company’s customers to seamlessly work on IoT-based solutions.

An IOTA-based expansion

STMicroelectronics has enhanced its "STM32Cube" software ecosystem with "X-Cube-IOTA1", an expansion software package that utilized IOTA’s DLT technology called the Tangle. Thus, developers can easily create and prototype IoT-based applications.

As a form of incentive for their customers, STMicroelectronics adds free software packages to their open development environment.

The availability of "X-Cube-IOTA1" now means that MIOTA can now be used for money or data transfer by a wide range of STM32 devices.

Alessandro Maloberti of STMicroelectronics claims that they are currently serving more than 100,000 customers from such industries as energy, logistics, and IoT.

Spearheading the progress 

IOTA has a competitive advantage over Blockchain-based cryptocurrencies given that Tangle allows conducting lightning-fast transactions with zero fees in a completely decentralized environment.   

According to the IOTA Foundation representative Holger Köther, it is ‘exciting’ for them to enhance the disruptive power of the IoT technology.

“The IOTA Foundation welcomes the opportunity to work with enterprise leaders like ST to expand our mission of moving beyond blockchain with the world’s first scalable, feeless and fully-decentralized DLT platform, partnered with the world’s leading technology firms.”

Cover image via u.today
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About the author

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.

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