Review on IOTA by Eve Vallenilla

Blockchain technology has given way to the creation of a global digital industry of intelligent products and services, free of intermediaries and of incalculable utility and uses. But this potential can be further maximized by integrating with other technologies or digital resources, such as the Internet of Things (IoT).

Precisely, the duplication between blockchain and IOT is what we find in the IOTA platform.

IOTA combines the security of the blockchain with the versatility of Internet of Things (IOT) technology, creating a virtual machine that houses smart solutions that go beyond the infrastructure of the global distributed ledger, such as as automated learning applications, which give meaning and movement to static applications created only with blockchain resources.

By incorporating IOT and other digital resources, such as Artificial Intelligence (AI), the IOTA ecosystem intends to go beyond the creation of simple intelligent applications and create solutions that give life to intelligent objects, allowing to offer complete solutions and integrated into the real life of people and companies.

To achieve this connection between virtual reality and the real world, the IOTA ecosystem will use, among other resources, the oracle system.

The oracles will allow you to capture valuable information from the external environment, free from manipulation and intermediaries, which serves as the basis for developing efficient, effective solutions adapted to each need.

Another function of the integration of the oracles to the IOTA ecosystem will be to serve as a digital bridge for the platform to communicate reliably with multiple blockchains and allow the user to access various products without borders.

The main foundation of the revolution caused by the IOTA ecosystem is aimed at developing solutions based on machine learning, through mining through pools.