IOTA reports progress in drafting global IoT standards

IOTA reports progress in drafting global IoT standards

The IOTA Foundation aims to launch two standards for the Internet of Things before the end of the first half of the year and achieve their global adoption as industry standards.

The IOTA Foundation published an Bitcoin Profit review update on its work on new IT standards for the Internet of Things (IoT) at the end of January.

In it, IOTA summarises the results of the last meeting with the Object Management Group (OMG), a consortium for the development of IT standards.

Important steps on the way to global IoT standards

As part of the Blockchain Platform Special Interest Group (Blockchain PSIG), which is chaired by IOTA, a Request for Comments (RFC) was announced and a Request for Proposal (RFP) was published.

In the middle of the year, they want to submit an RFC for formal specifications for Tangle functionality without a coordinator. In addition, an RFP for IOTA Streams, IOTA’s framework for Linked Encrypted Transaction Streams (LETS), was presented at the OMG meeting. The LETS RFP has been adopted and published by the OMG and is currently in the response phase.

For a possible standard on disposable digital identities, a request for information (FRI) has also been submitted, which could be followed by an RFP at a later stage. This has also been accepted by the OMG members.

As IOTA’s OMG member Mike Bennet points out, participation in the committee is already paying off and should lead to the general publication of the proposed standards:

„IOTA is well on its way towards standardisation. In addition to our standard for Coordicide, we will also submit IOTA Streams as the basis for a standard this year. Our involvement in the Object Management Group continues to pay dividends as we work with the OMG’s Blockchain Special Interest Group to look at the whole landscape of potential standards for distributed ledger technology, which continues to raise ideas for things we can standardise both within IOTA and in collaboration with other communities.“

IOTA 2.0 draws closer

On 13 January, IOTA released a new version of the so-called pollen testnet for the upcoming IOTA 2.0 release. Pollen is the first of three phases leading up to the planned coordicide with IOTA 2.0, which will be supplemented by two phases, nectar and honey, in the style of bee colonies. IOTA had presented the roadmap for the planned abolition of the tangle coordinator in July 2019.