[Fiware-roadmap-dlt] Next meeting on the March the 2th

Michele Nati michele at iota.org
Wed Mar 3 20:32:30 CET 2021


Dear Joaquin, All,
 I have shared a few ideas for discussion in the document.

Moreover, apologies for the delay, there was a request to share further
information about the IOTA ledger. In particular:
- the energy consumption,
- the transaction per seconds,
- and who is working on Digital Twins.

Here is a little more information, happy to discuss further during our
brainstorming session.

Michele

*Re to transaction per seconds*, we are already over 1000 transaction per
second processed with a confirmation time (finality), lower than 30
seconds. New launch of IOTA Chrysalis, will also increase TPS and lower the
confirmation time to 1 second. All the new feature here:
https://blog.iota.org/iota-chrysalis-a-new-dawn/

*Re to digital twin (DT): *we didn't build anything yet but there is
interest from stakeholders in this group,
https://www.constructionblockchain.org/ such as Bentley Infrastructure.
Main focus is on building digital twins for BEMS. However this combines
well also with cities digital twins. We were thinking to abstract creation
of DT from DTDL from MS Azure and NGSI to IOTA stream. A topic also
proposed for further discussion. This will create easy mapping of immutable
DT.

*Re to energy,* as mentioned it is not easy to measure, however:
Given our focus on low power devices, our system potentially offers energy
savings over existing solutions, which require high powered servers. In
DLTs, expensive energy consumption typically arises in DLTs from PoW (or
proof of work), which serves a dual purpose. First, PoW is a sybil
protection mechanism, which limits the number of identities an attack can
create. Second, PoW is a mechanism that limits access to the network. The
IOTA protocol and the IOTA Data Sharding Protocol replaces each of these
mechanisms with energy-efficient alternatives. Here is a small excerpt on
our sustainability features.

*The IOTA Foundation recognizes the importance of reducing carbon
emissions.  Moreover, reducing the energy consumption of DLTs is directly
related to enabling low power devices and IoT networks.  Therefore, the
IOTA Foundation will continue to work to reduce carbon emissions as new
technologies are available.  The IOTA Foundation has an exceptional track
record when it comes to decreasing emissions.  The IOTA Protocol has
recently undergone some dramatic improvements through the Chrysalis
project. Before Chrysalis, the IOTA Network was running on ternary software
and using the quantum resistant Winternitz One time Signature, or WOTS.
After Chrysalis, IOTA moved to a binary architecture and enabled the
ED25591 signature scheme. As a result, the IOTA Network received a huge
boost in network efficiency, substantially reducing our carbon footprint
per transaction on a Rasberry Pi  3 from  155 J to 6 J, a 96% reduction.
The Chrysalis network, and the PreChrysalis network are both still secured
by proof of work, but this proof of work will be phased out with our
coordicide project which implements IOTA 2.0.  With this in mind it would
be difficult to compare IOTA against other PoW-based consensus ledgers,
thus making IOTA the most suitable DLT to achieve carbon neutrality, when
combined with other emerging green-infrastructure technologies (such green
cloud). Since carbon neutrality can only arise in a DLT if the components
are being sourced off of sustainable energy. Lastly, another energy saving
innovation in IOTA is our second layer approach to smart contracts. In most
blockchains, smart contracts run directly on the chain, and anyone wishing
to validate all of the blocks in the chain must execute every smart
contract. Smart contracts can be very heavy, and millions of nodes
executing them is a waste of energy. In the IOTA Smart Contract Protocol, a
committee of nodes execute the smart contract, and post periodic, auditable
state updates which essentially consist of a hash. Nodes uninterested in a
particular smart contract can ignore the contract and the state updates
themselves, and only process the transaction containing them. Thus, smart
contracts add no more computational nor energy overhead, to validating the
ledger. *


On Tue, Feb 23, 2021 at 12:22 PM joaquin.salvachua <joaquin.salvachua at upm.es>
wrote:

> Hello,
>
> After the different presentations we agree on deliver some information
> regarding possible collaborations with ongoing on activities.
>
> Please fill this in the following document  before next Monday in order to
> have a brainstorming meeting on Tuesday:
>
>
> https://docs.google.com/document/d/1-OInwjgp52bsRi9oxUF0VKteudvJIk-CpkdfOJ_KOJE/edit?usp=sharing
>
> Best Regards
>
> Joaquin Salvachua
>
>
>
> __________________________________________________________________________________________
>
> You can get more information about our cookies and privacy policies on the
> following links:
> - https://wiki.fiware.org/FIWARE_Privacy_Policy
> - https://wiki.fiware.org/Cookies_Policy_FIWARE
>
>
> fiware-roadmap-dlt mailing list
> fiware-roadmap-dlt at lists.fiware.org
>
> To unsubscribe from fiware-roadmap-dlt mailing list, go to the information
> page of the list at:
> https://lists.fiware.org/listinfo/fiware-roadmap-dlt
>
>

-- 
*IOTΛ Foundation*
Head of Telco & Infrastructure Development

https://www.linkedin.com/in/michelenati/

-- 
*IOTA Foundation*
c/o Nextland
Strassburgerstraße 55
10405 Berlin, Germany


Board of Directors: Dominik Schiener, Serguei Popov, Navin Ramachandran
ID/Foundation No.: 3416/1234/2 (Foundation Register of Berlin)

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.fiware.org/private/fiware-roadmap-dlt/attachments/20210303/71b68a73/attachment.html>


More information about the Fiware-roadmap-dlt mailing list

You can get more information about our cookies and privacy policies clicking on the following links: Privacy policy   Cookies policy