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The Public Safety LTE & Mobile Broadband Market-Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2030

Summary – A new market study, titled "The Public Safety LTE & Mobile Broadband Market-Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2030" has been featured on WiseGuyReports.

Synopsis

Due to the bandwidth limitations of their traditional voice-centric LMR (Land Mobile Radio) networks, public safety agencies are keen to leverage commercial cellular network technology to support their growing broadband application needs. Considering its thriving ecosystem, spectrum flexibility and performance metrics, LTE has emerged as the leading candidate for public safety mobile broadband networks. In addition, with the recent approval of the MCPTT (Mission Critical Push to Talk) voice standard as part of 3GPP Release 13, LTE has also become an attractive substitute for providing LMR-like voice services.

Also read – http://www.digitaljournal.com/pr/4617896

The Qatar Ministry of Interior made headlines when it deployed a private 800 MHz LTE network in 2012. Since then, numerous public safety LTE networks have sprung up across the globe, including the UAE, China, Laos, Turkey and Kenya. Several early adopter LTE deployments are also operational in the United States, as part of the planned FirstNet nationwide public safety broadband network. While most initial public safety LTE investments are limited to small-scale networks, nationwide rollouts in the United States and South Korea are expected to trigger significant large-scale investments throughout the globe.

The European market is largely dominated by MVNO arrangements, such as the UK Home Office’s ESN (Emergency Services Network) program that will use EE’s commercial LTE network to deliver prioritized mission critical voice and data services for the UK’s public safety agencies. As part of the program, EE is enhancing its existing network with additional sites, satellite backhaul and a dedicated mobile core for first responders, among other investments.

Driven by the thriving ecosystem, SNS Research estimates that annual investments on public safety LTE infrastructure will reach $600 Million by the end of 2016. The market, which includes base stations (eNBs), mobile core and transport networking gear, is further expected to grow at a CAGR of 33% over the next four years. By 2020, these infrastructure investments will be complemented by over 4.4 Million LTE device shipments, including smartphones, rugged handheld terminals and vehicular routers.

The “Public Safety LTE & Mobile Broadband Market: 2016 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of the global public safety LTE market, besides touching upon the wider LMR and mobile broadband industries. In addition to covering the business case, challenges, technology, spectrum allocation, industry roadmap, value chain, deployment case studies, vendor products, strategies, standardization initiatives and applications ecosystem for public safety LTE, the report also presents comprehensive forecasts for mobile broadband, LMR and public safety LTE subscriptions from 2016 till 2030. Also covered are public safety LTE service revenues, over both private and commercial networks. In addition, the report presents revenue forecasts for public safety LTE infrastructure, devices, integration services and management solutions.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report, as well as a list and associated details of over 90 global public safety LTE network commitments (as of Q2’2016).

Key Findings:

The report has the following key findings:

SNS Research estimates that annual investments on public safety LTE infrastructure will reach $600 Million by the end of 2016. The market, which includes base stations (eNBs), mobile core and transport networking gear, is further expected to grow at a CAGR of 33% over the next four years.

By 2020, these infrastructure investments will be complemented by over 4.4 Million LTE device shipments, including smartphones, rugged handheld terminals and vehicular routers.

Following the Qatar Ministry of Interior’s private 800 MHz LTE network deployment in 2012, multiple private LTE rollouts are underway by security forces throughout the oil rich GCC (Gulf Cooperation Council) region, including the Abu Dhabi and Dubai police forces.

Driven by nationwide public safety LTE network rollouts in the United States and South Korea, the North America and Asia Pacific regions will account for nearly 70% of all public safety LTE investments over the next four years.

Almost all major LMR industry players are leveraging partnerships with established LTE infrastructure OEMs such as Ericsson, Nokia, Huawei and Samsung, to offer end-to-end LTE solutions.

Consolidation efforts are continuing to take place throughout the industry, particularly among the largest LTE infrastructure OEMs and public safety system integrators.

Topics Covered:

The report covers the following topics:

Business case for public safety LTE and mobile broadband services, including key benefits and challenges

Technology, economics, trends, commercial commitments and deployment case studies

List of public safety LTE engagements worldwide

Public safety LTE infrastructure, devices and applications

Industry roadmap, value chain and standardization initiatives

Spectrum allocation, deployment models and funding strategies

Profiles and strategies of over 260 ecosystem players including public safety system integrators and LTE infrastructure/device OEMs

TCO analysis of private and commercial public safety LTE deployments

Military and tactical LTE deployments

Public safety LTE base station (eNB) form factor analysis

Exclusive interview transcripts from 5 key ecosystem players: Ericsson, Airbus Defence and Space, Sepura, Aricent and Parallel Wireless

Strategic recommendations for vendors, system integrators, public safety agencies and mobile operators

Market analysis and forecasts from 2016 till 2030

Forecast Segmentation:

Market forecasts are provided for each of the following submarkets and their subcategories:

Public Safety LTE Infrastructure

Submarkets

RAN (Radio Access Network)

EPC (Evolved Packet Core) and Policy

Mobile Backhaul and Transport

RAN Base Station (eNB) Mobility Categories

Fixed Base Stations

Transportable Base Stations

RAN Base Station (eNB) Cell Size Categories

Macrocells

Small Cells

Transportable RAN Base Station (eNB) Form Factor Categories

NIB (Network-in-a-Box)

VNS (Vehicle Network System)

SOW (System-on-Wheels)

Airborne Platform

Public Safety LTE Management & Integration Solutions

Submarkets

Network Integration & Testing

Device Management & User Services

Managed Services, Operations & Maintenance

Cybersecurity

Public Safety LTE Devices

Submarkets

Private LTE

Commercial LTE

Form Factor Categories

Smartphones & Handportable Terminals

Vehicle Mount Routers & Terminals

Tablets & Notebook PCs

USB Dongles & Others

Public Safety LTE Subscriptions & Service Revenue

Submarkets

Private LTE

Commercial LTE

Public Safety User Subscriptions over Private Mobile Broadband

Submarkets

Private LTE

Private WiMAX

Public Safety User Subscriptions over Commercial Mobile Broadband

Submarkets

WiMAX

LTE

5G & Beyond

LMR Subscriptions

Submarkets

Analog

DMR

dPMR, NXDN & PDT

P25

TETRA

Tetrapol

Others

LMR Data Subscriptions

Submarkets

P25 - Phase 1

P25 - Phase 2

TETRA

TEDS

Tetrapol

Others

Public Safety LTE Applications

Submarkets

Video Applications

zGIS, AVLS and Mapping

Mobile VPN Access & Security

CAD (Computer Aided Dispatching)

Remote Database Access

Telemetry and Remote Diagnostics

Bulk Multimedia/Data Transfers

PTT & Voice over LTE

Situational Awareness Applications

Regional Segmentation

Asia Pacific

Eastern Europe

Latin & Central America

Middle East & Africa

North America

Western Europe

Key Questions Answered:

The report provides answers to the following key questions:

How big is the public safety LTE opportunity?

What trends, challenges and barriers are influencing its growth?

How is the ecosystem evolving by segment and region?

What will the market size be in 2020 and at what rate will it grow?

Which regions and submarkets will see the highest percentage of growth?

How does standardization impact the adoption of LTE for public safety applications?

When will MCPTT and proximity services see large scale proliferation?

What is the status of private LTE rollouts and public safety MVNO offerings across the globe?

What opportunities exist for commercial mobile operators and MVNOs in the public safety LTE market?

Is there a market for 400 MHz LTE networks?

What are the prospects of tactical, vehicle-mounted and airborne LTE eNB platforms?

How can public safety agencies leverage unused spectrum resources to fund private LTE networks?

What strategies should system integrators and vendors adopt to remain competitive?

List of Companies Mentioned:

The following companies and organizations have been reviewed, discussed or mentioned in the report:

3GPP (Third Generation Partnership Project)

Aaeon

Abu Dhabi Police

Accelleran

AceAxis

ACMA (Australian Communications and Media Authority)

Aculab

Adax

ADCOM911 (Adams County Communication Center)

ADRF (Advanced RF Technologies)

Advantech

Advantech Wireless

Aeroflex

Affarii Technologies

Affirmed Networks

Agile Networks

Airbus Defence and Space

Airbus Group

Air-Lynx

Airspan Networks

Airvana

Airwave Solutions

Ajman Police

Alcatel-Lucent

Altiostar Networks

Amdocs

Anite

Anritsu Corporation

APCO International (Association of Public-Safety Communications Officials)

Apple

ARASKOM

Arcadyan

Argela

Aricent

ARItel

Arqiva

Artemis Networks

Aselsan

ASOCS

ASTRI (Hong Kong Applied Science and Technology Research Institute)

ASTRID

ASTRO Solutions

Asus (ASUSTeK Computer)

AT&T

Athena Wireless Communications

Athonet

ATIS (Alliance for Telecommunications Industry Solutions)

Atlas Telecom

Avanti Communications Group

Avaya

AVI

Aviat Networks

Avtec

Axell Wireless

Axis Communications

Axis Teknologies

Axxcelera Broadband Wireless

BAE Systems

BandRich

Barrett Communications

BASE (Belgium)

Baylin Technologies

BayRICS (Bay Area Regional Interoperable Communications Systems Authority)

BayWEB (Bay Area Wireless Enhanced Broadband system)

BFDX

Bilbao Metro

Bird Technologies

Bittium Corporation

Black Box Corporation

Blackhawk Imaging

Blackned

Bluebird

Boise Police Department

Bosch Security Systems

Brazilian Army

Bridgewater

Broadcom

Brocade Communications Systems

BT Group

BTI Wireless

C4i

CalAmp Corporation

Calgary Police Service

Camden County Public Safety

Canadian Advanced Technology Alliance

Casio Computer Company

Catalyst Communications

Caterpillar

Cavium

CCI (Communication Components Inc.)

CCI (Competitive Companies, Inc.)

CCI (Crown Castle International)

CCSA (China Communications Standards Association)

CCTI (Catalyst Communications Technologies, Inc.)

Cellvine

Ceragon

China Mobile

Ciena Corporation

Cisco Systems

CITIG (Canadian Interoperability Technology Interest Group)

City of Charlotte

City of Fort Worth

City of Irving

City of New Orleans

City of Oakland

City of Pembroke Pine

Cobham

Cobham Wireless

Codan Radio Communications

Colorado Parks and Wildlife

Comba Telecom Systems Holdings

CommAgility

CommandWear Systems

CommScope

Comtech Telecommunications Corporation

CONET Technologies

Connectem

Contela

Core Network Dynamics

Coriant

Corning

Covia Labs

CPqD (Center for Research and Development in Telecommunications, Brazil)

Cradlepoint

CSI (Cellular Specialties, Inc.)

Dali Wireless

DAMM Cellular Systems

DAP Technologies

DAPage Notifications

DataNet Software

Datang Group

Datang Mobile

Dell

DeltaNode

Dish Network

DNK (Norwegian Directorate for Emergency Communication)

Dongwon T&I

DragonWave

DSC (Digital Special Communication)

Dubai Police

Durabook (Twinhead International Corporation)

Dutch Police

EA Networks (Electricity Ashburton)

EADS

Eastcom

EchoStar Corporation

Eden Rock Communications

EENA (European Emergency Number Association)

EF Johnson

Elbit Systems

Elta Systems

EMC Corporation

Ericsson

Ericsson LG

ETELM

Etherstack

Ethertronics

ETRI (Electronics and Telecommunications Research Institute, South Korea)

ETSI (European Telecommunications Standards Institute)

Eventide

EXACOM

Exalt Communications

Exelis

EXFO

ExteNet Systems

Falu Municipality

Federated Wireless

FirstNet (First Responder Network Authority)

Foxcom

Fraunhofer Fokus

French Armed Forces

French MOI (Ministry of Interior)

Frequentis

Fujitsu

Galtronics

Gemtek Technology Company

GENBAND

General Dynamics Corporation

General Dynamics Mission Systems

Genesis Group

German Armed Forces (Bundeswehr)

Getac Technology Corporation

Goodman Networks

Goodmill Systems

Google

Governor's OIT (Office of Information Technology), State of Colorado

Grant County Sheriff’s Office

GrenTech (China GrenTech Corporation)

GWT (Global Wireless Technologies)

Harris Corporation

Harris County

HFRS (Hampshire Fire & Rescue Service)

Hitachi

Home Office, UK

Honeywell

Hong Kong Police Force

HP (Hewlett-Packard Company)

HQT Radio

HTC

Huawei

Hughes Communications

Hughes Network Systems

Hytera Communications Company

IAI (Israel Aerospace Industries)

iBwave Solutions

iCOM

IDF (Israel Defense Forces)

Imtradex

Inmarsat

InnerWireless

Intel Corporation

Intel Security

InterDigital

Intersec

Intrepid Networks

ip.access

IPWireless

ITELAZPI

ITU (International Telecommunication Union)

JDI (JING DENG INDUSTRIAL)

JMA Wireless

Jordanian Armed Forces

JRC (Japan Radio Company)

Juni Global

Juniper Networks

JVCKENWOOD Corporation

Kapsch CarrierCom

Kathrein-Werke KG

KBR

Kelrad Software

Kenyan Police Service

Keysight Technologies

Kirisun Communications

Kisan Telecom

KMW

Kodiak Networks

KPN

KT Corporation

Kudelski Group

Kyocera Communications

L-3 Communication Systems-West

L-3 Communications Holdings

Laos Police

LA-RICS (Los Angeles Regional Interoperable Communications System)

Las Vegas Metropolitan Police Department

Lemko Corporation

Lenovo

Leonardo-Finmeccanica

LG CNS

LG Electronics

LG Group

LGS Innovations

Ligado Networks

Lijiang Police

LiveViewGPS

Lockheed Martin Corporation

Logic Instrument

Mavenir Systems

McWane

MegaFon

Mentura Group

MER-CellO Wireless Solutions

MetroPCS

Miami Dade Police Department

Miami-Dade County

Microlab

Milestone Systems

MIMOon

Ministry of Industry and Information Technology, China

Mitel Networks Corporation

Mitsubishi Electric Corporation

MobileDemand

Mobilicom

Mobistar

MODUCOM (MODULAR COMMUNICATION SYSTEMS)

Moscow Police

Moseley Associates

Motorola Mobility

Motorola Solutions

MPS (Ministry of Public Security, China)

MPSS (Ministry of Public Safety and Security, South Korea)

MSB (Swedish Civil Contingencies Agency)

MTI Mobile

Mutualink

National Rail, UK

NATO (North Atlantic Treaty Organization)

NCRIC (Northern California Regional Information Center)

NEC Corporation

Nedaa

Neptune Mobile

Net4Mobility

Netas

NetMotion Wireless

Nevada Department of Transportation

New Jersey ROIC (Regional Operations Intelligence Center)

New Jersey State Police

New Jersey Transit

New Mexico DoIT (Department of Information Technology)

New Postcom Equipment Company

New Zealand Police

NewCore Wireless

Nexius

NextG Networks

NextNav

NI (National Instruments) Corporation

Nokia Corporation

Nokia Networks

Northrop Grumman Corporation

nTerop Corporation

NTT DoCoMo

NuRAN Wireless

Nutaq

O3b Networks

Oceus Networks

Octasic

OMA (Open Mobile Alliance)

Oman Royal Office

Ontario Ministry of Transportation

ONTHEGODEVICES

OpenSignal

Optiway

Panasonic Corporation

Panda Electronics (Nanjing Panda Electronics Company)

Panorama Antennas

Parallel Wireless

Pennsylvania State Police

Pepro

Philadelphia Police Department

Phonak

Piciorgros (Funk-Electronic Piciorgros),

Pikewerks Corporation

Polaris Networks

Police Federation of Australia

Portalify

Potevio (China Potevio Company)

PowerTrunk

Productivity Commission, Australia

Proximus

Pryme Radio Products

PSCR (Public Safety Communications Research)

Public Wireless

PureWave Networks

Puxing Radio

Pyramid Communications

Qatar Armed Forces

Qatar MOI (Ministry of Interior)

Qigihar Municipal Public Security Bureau

Qiqihar Police

Qualcomm

Quanta Computer

Qucell

Quortus

RACOM

Radio IP

Radisys Corporation

RADWIN

RAVEN Electronics Corporation

Raytheon Company

RCMP (Royal Canadian Mounted Police)

Reality Mobile

Redline Communications

RELM Wireless

RF Window

RFS (Radio Frequency Systems)

Rio de Janeiro Fire Department

Rivada Networks

Rohde & Schwarz

Rohill

Roper Industries

Rosenberger

Safaricom

SAIC (Science Applications International Corporation)

Samji Electronics Company

Samsung Electronics

Samsung Group

SANG (Saudi Arabian National Guard)

Sao Paulo Military Police

Sapura Secured Technologies

Saudi MOI (Ministry of Interior)

Savox Communications

Selex ES

Sepura

SerComm Corporation

SES

SETAR

Sevis Systems

SFR

Shanghai Police Department

Siemens

Siemens Convergence Creators

Sierra Wireless

Signalion

Siklu

Simoco

SiRRAN

SK Telecom

SK Telesys

SLA Corporation

SLC (Secure Land Communications)

Smith Micro Software

SOLiD (SOLiD Technologies)

Sonic Communications

Sonim Technologies

Sony Corporation

Space Data

Spectra Group

SpiderCloud Wireless

Spirent Communications

Star Solutions

State of Louisiana

State of Minnesota

State of Mississippi

State of New Jersey

State of New Mexico

State of Oklahoma

State of Texas

State Security Networks Group, Finland

Stop Noise

Sumitomo Electric Industries

Sunnada (Fujian Sunnada Communication Company)

Surrey Police

Swedish National Police

Symantec

Tait Communications

Taqua

TCCA (TETRA and Critical Communications Association)

TCL Communication

TCS (TeleCommunication Systems)

TDIA (TD-Industry Alliance)

TE Connectivity

Techosonic Industries

Tecore

TEKTELIC Communications

Telefónica

Televate

TELEX

Telrad Networks

Telstra

Teltronic

Telum

TESSCO

TETRAtab

Thales

TI (Texas Instruments)

TIA (Telecommunications Industry Association)

TITAN Communication Systems

T-Mobile

Toshiba Corporation

Tropico

Turk Telekom

Turkish National Police Force

Twisted Pair Solutions

U.S. Army

U.S. CBP (Customs and Border Protection)

U.S. Cellular

U.S. Coast Guard

U.S. Department of Commerce

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of State

U.S. FCC (Federal Communications Commission)

U.S. FEMA (Federal Emergency Management Agency)

U.S. Navy

U.S. NIST (National Institute of Standards and Technology)

U.S. NPSTC (National Public Safety Telecommunications Council)

U.S. NTIA (National Telecommunications and Information Administration)

UAE MOI (Ministry of Interior)

Ubidyne

UIC (International Union of Railways)

UNIMO Technology

University of Ottawa

Uppsala Ambulance Services

US Digital Designs

USPTO (U.S. Patent and Trademark Office)

Utility Associates

Verizon Communications

ViaSat

Viavi Solutions

Vidyo

Vientiane Municipal Government

VIRVE

Vision Technologies

VMware

Vodafone

Vodafone New Zealand

West Corporation

Westell Technologies

Western Australia Police

Wildox

Winmate

WinMate Communication

Wireless Telecom Group Company

WNC (Wistron NeWeb Corporation)

Wytec International

xG Technology

Xplore Technologies Corporation

Z-Com (ZDC Wireless)

Zetron

Zhengzhou Metro

Zhengzhou Municipal Public Security Bureau

Zhengzhou Police

Zinwave

ZTE

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iota-news · 7 years ago

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This year marks blockchain´s 10th birthday, after Satoshi Nakamoto created it with the purpose of using it for the first cryptocurrency ever, Bitcoin, and Dubai has become a leader in the field.

“Dubai is a pioneer in the blockchain space, says Mohamed Rashid, the co-founder and chief technical officer at WaveX, a peer-to-peer crowdfunding and energy trading market place.

Blockchain technology consists of a decentralised, distributed public digital ledger to record transactions, verified by miners to avoid duplications. Since its creation, blockchain has ushered in a new raft of applications.

Mr Rashid also works full-time as an implementation consultant for blockchain projects at Avanza Innovations in Dubai, which, according to the company, “builds future-proof tech that reshapes how organisations function, today and beyond”.

“In Avanza Innovations we are building a blockchain agnostic adaptor called Cipher that has the capability to communicate with any underlying blockchain technologies,” he says. “Cipher is currently being used in a Dubai Pay reconciliation and settlement project done by Avanza. Moreover, at WaveX, we are trying to democratise the electricity industry by giving people investment opportunities in utility industry and the ability to sell any excess electricity.

“We are currently in the live testing phase with the help Ajman University’s Innovation Center, and will be out of the testing phase soon,” he says.

Mr Rashid says the fundamental goal of blockchain is, in his opinion, “to bring power to the masses, and it is slowly achieving that goal”.

Blockchain is today present in many sectors; from securing property rights in the real estate lifecycle, in tracking shipments in the transport industry, in the healthcare sector to create a common database of health information that doctors and providers can access, in fintech through solutions for borrowing money or buying cryptocurrencies, in digital commerce for more secure shopping, in smart cities, to digital personal identification, verifying the academic data of overseas students and of labourers hired to work from abroad, and in the energy sector through smart solutions enabling resources to be used more efficiently.

Mr Rashid says he was introduced to blockchain development in late 2016 during the Blockchain Hackathon organised by World Government Summit. “I was [working] in sustainability for some time, and I wanted to bring the power of blockchain to help the environment and create a new economy powered by people,” Mr Rashid says.

Nevertheless, he sees power requirements, speed of transactions and fees as among the limitations of the technology at present: “High energy consumption for proof of work [PoW] based algorithms, and high transaction confirmation times are some of the big challenges.” PoW is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer.

“Moreover, increasing transaction fees is also another hurdle, but the community is actively working on coming up with technologies to overcome these problems.”

Youssef El Allali, an artificial intelligence (AI) and blockchain developer at Dubai-based ArabianChain Technology, concurs. His says he first came into contact with blockchain via bitcoin five years ago: “I was really fascinated by this new trust protocol that allows anyone to make transactions anonymously and with very acceptable fees. But, he says, “With time, problems started to pop up. First, mining becomes centralised and only people with asic-mining devices were able to profit from it, transaction fees went high, and the number of unconfirmed transactions was skyrocking.”

New blockchains emerged trying to solve some of the bitcoin’s issues, he says, as others aimed to expand the use and application of the technology. “It lead to great innovation, new consensus algorithms, smart contracts, DApps [Decentralised Applications], and permissioned blockchains. Those blockchains had very interesting features but a very big limitation: scalability,” Mr El Allali points out. Blockchain tech for Bitcoin suffers from blockages. “Bitcoin makes seven transactions per second,” Mr El Allali says. Ethereum approves 13 transactions per second, Paypal makes 115, and Visa reaches to 4,000.

One new technology that appears to address the issue of scalability is Iota, a cryptocurrency but, unlike just about every other cryptocurrency, it’s not built on a blockchain. Aiming to design a distributed ledger that’s low-cost and scalable enough for the Internet of Things (IoT), the project’s developers started from scratch in 2016 and built a new sort of structure they call the “Tangle”.

Every time a node wants to transfer some value, it must validate two previous transactions. This validation requires a small amount of PoW in order to secure the network, meaning that transactions are not strictly free. But, since there is no distinct group of miners who must be compensated, there are no fees with Iota. Proponents argue that this no-fee structure enables the kind of microtransactions that would be impossible with Bitcoin.

Sceptics point out that while the Iota Foundation has built a working Tangle – the only one – there is a gulf between the ideal of the Tangle and the reality of Iota. The developers face a number of challenges in getting their technology ready for the IoT, and some of their decisions have attracted strong criticism.

Iota is a public distributed ledger that stores transactions in a directed acyclic graph (Dag) structure, and removes the cost of the energy inefficient mining process required by many Bitcoin-based cryptocurrencies and it grows via transactors, not miners, thus avoiding centralisation.

Its makers are aiming for it to be the backbone of the emerging machine-to-machine (m2m) economy of the IoT, data integrity, micro-/nano payments, and other cases where a scalable decentralised system adds value.

“Iota’s network becomes faster with more transactions, which is the exact opposite in the case of blockchain,” Mr El Allali says. “Also, a node only needs a small part of the Dag to make transactions and you can make transactions without fees.” He adds that Iota networks can handle more than 500 transactions per second, and he expects Iota will expand as more people and entities take it up, making it a better solution for m2m and micro transactions.

As a way to compare the two technologies, blockchain works like a restaurant where customers are served by a finite number of waiters while Tangle offers a buffet where everyone is served at the same time, so increasing the number of machines running Iota will speed up the network. Transactions can be validated from any device: phone, car, even smart fridge.

Iota’s proposed application, IoT, could benefit enormously from a network able to complete high volumes of minute transactions, according to a report by Nasdaq.com. Making that network trustless and distributed, as Iota aims to do, could open up new economic possibilities. A smart device could “pay its assembly, its maintenance, its energy and also for its liability insurance by giving data, computing power, storage or physical services to other machines”, Carsten Stöcker and Kerstin Eichmann of innogy wrote in a post on Iota’s blog.

But Iota is likely to be an alternative to blockchain rather than erdicate it, as a lot of hardware will be necessary as more people and machines join the Tangle: “Iota, or Dag distributed systems in general, have great potential in the Internet of Things [world] and for micro transactions, but I don’t think it will replace blockchain,” says Mr El Allali.,

Iota and ‘Tangle’ set to put blockchain on the block was originally published on thenational.ae. The IOTA-News Community curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners. The purpose is to make use of 3rd party content or pictures as either allusion or promotional endorsement of mentioned sites. If you have a claim of copyright infringement with respect to material, please mail to support[at]iota-news.com. IOTA-News.com is a community run website and is NOT affiliated with the IOTA Foundation in any way.

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