Categories: Altcoins

Altcoin News: IOTA & EVRYTHNG Partner on Supply Chain Management

Click here to view original web page at
  • This collaboration is set to promote transparency and provenance for IoT applications users
  • EVRYTHNG Co-founder is considering a possibility of opening new opportunities for consumer product brands
  • IOTA’s unique distributed ledger, the Tangle, is ideal for micro-transactions because it is feeless and highly scalable

On April 17, EVRYTHNG announced that its blockchain integration Hub will integrate with IOTA, a non-profit foundation that is focused on distributed ledger technology (DLT) and permissionless ecosystem development without blockchain.

This partnership is expected to easily and rapidly test, scale and deploy IoT applications. Additionally, the partnership will enhance sharing of real-time data between customers and supply chain partners. The rapid sharing of real-time data between key players in the supply chain sector is expected to improve transparency in the product supply chains and meet the growing demands for sustainability in blockchain ecosystems.

Consumer products in focus

EVRYTHNG Co-founder and CTO, Dominique Guinard stated that they are excited to enter into a partnership with IOTA, a unique distributed ledger technology with a considerable possibility of opening new opportunities for consumer products brands.

The primary challenges facing consumer product industry from benefiting fully from blockchain and DLT solutions is the high cost of developing and testing blockchain/DLT platforms coupled with complexity in implementation of blockchain ecosystems. However, EVRYTHNG Blockchain Integration Hub is expected to iron out these challenges by enabling consumer product industry to test blockchain/DLT solutions at a cheaper cost as well as to deploy such platforms rapidly.


IOTA’s unique distributed ledger, the Tangle, is ideal for micro-transactions since it is both feeless and permissionless. Additionally, the tangle will allow people and machines to seamlessly but securely transfer data or payments without transaction fees in a decentralized environment. Like other EVRYTHNG hub connectors, the IOTA integration enables consumer product brands to experiment with emerging DLT capabilities based on the scalability, interoperability, and maturity of the EVRYTHNG platform. Here is how EVRYTHNG will benefit from IOTA:

  • Authenticity- IOTA’s tangle allows consumer products to be traced while in a supply chain from manufacturers to retailers to consumers. This will create trust among consumers by providing authenticity of products and at the same time reduce the risk of counterfeiting
  • Traceability & Provenance-A greater supply chain visibility will also benefit consumers via safer and more transparent products with high quality
  • Supply Chain Control- IOTA will facilitate real-time data sharing between supply chain partners thanks to its unique distributed ledger technology

The partnership between EVRYTHNG and IOTA will undoubtedly benefit both consumer brands and consumers in terms of greater transparency in the sourcing and manufacturing of consumer products. IOTA and EVRYTHNG are also looking at a possibility to integrate MAM with supply chain standards. This will establish IOTA as a reference architecture in supply chain transparency and traceability.

EVRYTHNG Co-founder is considering a possibility of opening new opportunities for consumer product brands



Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

It’s Expiry Friday, Will Bitcoin’s Price Fall Once More?

In precisely five days, the September fiat settled bitcoin futures contract at CME expires.Yes, another month is nearly over, so… Read More

6 hours ago

‘Big Four’ Auditor Deloitte to Let Employees Buy Lunch with Bitcoin (BTC)

The “Big Four” auditing firm, Deloitte’s Luxembourg unit is working on letting its employees pay for lunch using cryptocurrency, especially… Read More

6 hours ago

Patrick Byrne Sells Overstock Shares for Crypto and Precious Metals

Patrick Byrne , the former chief executive of who sent shockwaves through the blockchain community not too long ago… Read More

6 hours ago

Canada’s Bit Farms Buys More Than 2,000 Mining Machines

Bit Farms, a cryptocurrency mining company stationed in Canada , has bought more than 2,000 new A10 Avalon mining machines… Read More

6 hours ago

Key Economic Indicators Due This Week a Gauge of Consumer Strength

In addition to economic data, the stock market anticipates comments from dovish St. Louis Fed President James Bullard this week.… Read More

6 hours ago

Digital assurance: The “Killer app of Blockchain” according to VeChain

Digital assurance: The "Killer app of Blockchain" according to VeChain According to Sunny Lu, the co-founder, and CEO of VeChain,… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More