The development team at ByzGen is always looking at new services and capabilities that we can add to our FALKOR platform.
This includes innovations in the blockchain, or wider distributed ledger layer, that could help optimise how transactions are created, validated, and stored.
One such optimisation we’re looking at is having the option to use IOTA within that layer. IOTA is a fundamentally reengineered distributed ledger technology, enabling secure exchange of both value and data. It brings a different approach to distributed validation and storage which can enhance the overall capability of our platform, and therefore increase the value gained and use cases that can be reached by our clients.
IOTA is also an EU choice for the development of blockchain and distributed ledger technology, which gives us extra confidence that its solutions have real applicability for our clients.
IOTA enhances value
Here at ByzGen we’ve started looking at how we can leverage IOTA as an option, when data is transacted to FALKOR and needs to be validated and stored.
IOTA brings its Direct Acyclic graph (or Tangle) which is a different approach to how transactions are validated and stored. Essentially it’s a ‘tangle’ of transactions rather than a ‘chain’. Some of the key features are:
By leveraging IOTA we can enhance the value our clients get when their projects or use cases fit the following criteria:
If you’re interested in blockchain or what our platform FALKOR can do, head over to our website where you can get in touch or book a discovery call.