IOTA and ENGIE Join Forces to Develop Smart Energy Ecosystem

Distributed ledger technology is changing the way energy ecosystems function on a city-wide level.

Making strides in innovation, the IOTA Foundation and ENGIE Lab Crigen, a corporate research center, have partnered to produce new, smart energy ecosystems using blockchain, according to a blog post.

Under the terms of the agreement, ENGIE's Computer Science and Artificial Intelligence Lab will experiment with IOTA Tangle to develop joint proofs-of-concept to improve business processes and services related to energy.

IOTA Tangle is an open-source blockchain protocol designed to facilitate IoT interactions, frictionless micropayments and secure data transfer.

"Many works and proofs-of-concept have already been realized in the lab and we would like to participate in larger projects in France and abroad, in order to concretize and extend the use of innovative DLT technologies like that offered by IOTA in different business activities of ENGIE.".

ENGIE Lab Crigen is the research arm of ENGIE Group, an energy service provider for natural gas and electricity.

The lab conducts research on new energy solutions and alternatives using innovations in AI, nanotechnologies and sensors.

"The IOTA Foundation is excited to team up with ENGIE Lab to further accelerate the technology development and prototyping cycle through concrete pilots and international collaboration within the power and utilities industry. The IOTA team very much looks forward to scaling this cooperation. ENGIE Lab's broad expertise and proactiveness in investigating new digital technologies and smart energy business models are real assets to our ecosystem."

Outside of the energy industry, IOTA is making further strides in blockchain integration.

Earlier this month, IOTA revealed a partnership with Volkswagen to develop new decentralized solutions for vehicle manufacturing data transfer.