IOTA’s Tangle could help fighting global warming - IOTA News. Thursday, October 11th
IOTA’s Tangle could help fighting global warming
The optimization of data would make energy systems more efficient
It seems that the use of IOTA’s network could pose benefits that transcend its main focus of serving as the platform for the Internet of Things (IoT), and even contribute to prevent global warming with the handle of data in a smart way. That is what Markus Gebhardt, a member of the public IOTA project, believes of the distributed ledger technology (DLT).
In a Medium post, Markus expresses that current systems cannot rely solely on the presence of big chunks of data; analyzing and processing them in an intelligent way is crucial for its optimization, a much-needed step in the making of new, better business models in the future. “Big data has to become smart data,” he says. “By 2025, global sales of intelligent analysis methods for big data applications will increase to more than 85 billion euros, experts estimate.”
This all comes in the wake of the alarms triggered due to the world heading towards an increase of three to four degrees global warming, with catastrophic consequences for all forms of life within the planet, according to the conclusion reached by the Intergovernmental Panel on Climate Change (IPCC). In this regard, the IPCC brainstormed ideas to face this threat, and one of them was the “transformation of the energy system.”
“In order to avoid emissions, wind and solar energy are an important element here. In order to make sensible use of this renewable energy in a decentralized energy system, the exchange of innumerable data and payment flows is necessary. At this point, IOTA comes into play,” Markus explains, adding that the Tangle can become a key element in handling these data and transactions, as well as processing and analyze them to optimize the functioning of this system.
For example, in a world with autonomous cars that recharge themselves, data such as forecasts or trend data needs to be exchanged in a seamless way to determine, for example, when it is most suitable to charge the vehicle. As Markus explains, the standardization of renewable energy supposes that charging in dark periods should be avoided, as the energy doesn’t come from the Sun, but from a fossil-fired power plant. If done so, CO2 emissions and money are saved, since the market price for electricity is even more expensive in times of wind and overcast skies. “That is also the reason why weather data and weather forecasts are very important,” he says.
However, data does not limit to that. He also talks about usage times of the car, dates for the planned route, location and availability of charging stations, and many more. All this data has to be available, in order to be processed in an intelligent way, so to make the most out of it in terms of emission, money and time savings.
“Optimized data and their transport and payment through IOTA Tangle can ensure that smart systems contribute to reduce Carbon Emissions and help prevent the climate catastrophe,” he concludes.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
IOTA among the tokens to be listed in CoinEx - IOTA News
IOTA's Hybrid Between ICO and Kickstarter - IOTA News
NEO Price Drops By 12% As The Market Witnesses A Bloodbath - NEO Price Analysis
Bitcoin’s Maturity And Low Volatility Goes Out The Window — BTC Going Down, Price Analysis
Tezos Foundation will not liquidate its holdings in XTZ - Tezos News
Tron’s Virtual Machine Will Go Live Tomorrow After Vote - Tron News
You need to login to create comments.