With a market capitalization of $504,846,811 and a trading volume of 4,897,193 USD.
This crypto was founded in 2015 by David Sonstebo, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov. Tangle focuses itself entirely on offering users the benefit of efficient data transfer that would make their transactions fast and flawless, thereby justifying its paradigm role in the Internet-of-things eco-space and IoT ecosystem. Working on an entirely different ledger platform called the Tangle, IOTA, requires a very minimal workload of calculations. Like blockchain, this digital asset IOTA also does not call for the role-playing of any intermediaries. The decentralized consensus of IOTA makes users their own masters of validation. This prized digital currency offered users the advantage of fixed money at no inflationary cost. IOTA ensured these redundant costs were eliminated, along with the advantage of the higher speed of transactions. Those packages included slower transactions but higher costs. The challenges of blockchain technology being data accessibility also came in packages. With the pure objective of IOTA being to guarantee an anytime-anywhere accessible decentralized payment system, be it micro or nano, it offers solutions that warranty data integrity without any compromise on security. Designed to enhance the m2m economy of the Internet-of-Things (IoT), IOTA was introduced way back in 2015 as a quantum-resistant distributed ledger protocol. Talk of money or making money – IOTA is the ultimate solution. Conceptualized to address issues, as aforementioned, pertaining to scalability, IOTA bases its fundaments on making lives more empowered and expeditious. Emerging as the most promising solution to scalability, this distributed ledger technology (DLT) has been the root of the genesis for MIOTA or more popularly called IOTA.Ī revolutionary concept, IOTA empowers the Internet of Things (IoT). Here comes the role of distributed ledger technology that supersedes the entire gamut of blockchain-based solutions providing answers to all questions that until now remained unanswered.ĭistributed ledger technology is an altogether different concept that people most often tend to confuse with blockchain-oriented cryptocurrencies like Bitcoin and Ethereum. However, when it comes to meeting accessibility issues, blockchain has its own limitations.
Indeed blockchain has immense potential with a lot of advantages to offer, especially in terms of security and speed of data transfer. This webinar was moderated by IOTA International Taxation Expert Jonathan Heath, supported by the IOTA Work Programme Manager Eugenijus Soldatkovas, and was broadcast live from the IOTA Studio in Budapest, Hungary.The web is replete with information and advantages of Blockchain technology. All the materials and presentations are now available online and the event recording will be made uploaded soon to the event’s webpage. Webinar participants were actively involved and raised numerous questions in the Q&A session, as they also shared their views and reflected on the poll questions during the digital event. France: “The French administration’s approach to different types of AI projects” presented by Joseph Gesnouin.Georgia: “Use of big data to predict filing liability and support on-time filing” presented by Elguja Loliashvili.Italy: “The Italian Revenue Agency approach to social network analysis” presented by Claudio Amico.Belgium: “Exploring the Potential of Graph Neural Networks for Fiscal Fraud Detection in Business Management Databases” presented by Alexandre Roldan Lopez.This digital event explored the recent experiences of IOTA member tax administrations in Belgium, Georgia, France, and Italy when combining big data with advanced analytics technologies and the outcomes of their work.Īt the Webinar, the following subjects were covered: One of the greatest assets tax administrations have today is big data and the potential to analyse this data to streamline tax processes and improve tax compliance. Over 240 participants from 30 IOTA member tax administrations gathered in the virtual space in order to learn about recent developments in the use of big data and about the use of different analytical models used to tackle non-compliance. On, IOTA successfully broadcast another Webinar, this time on “Use of Big Data and the Deployment of Analytics”.
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