The Trusted IoT Alliance (TIoTA), an ecosystem of more than 50 companies working together to build open source trusted systems for IoT with blockchain and related technologies, today announced that Moeco, which provides a crowdsourced global IoT network, has joined the Alliance.
As a member, Moeco will enable Fortune 500 and startup members to test interoperability of their solutions over the Moeco network using the TIoTA testbed. TIoTA works to bring together Fortune 500 companies with innovators such as Moeco to develop standards, certification, technical advancements, and business opportunities for an IoT ecosystem.
Moeco is a blockchain-based platform that provides network access to devices via gateways. Devices pay tokens on a per-connection basis and gateways receive tokens for data transfer.
“Blockchain brings trust to the decentralized system with many counterparts spread across the world. In addition to joining the influential Trusted IoT Alliance, we are also advancing our technology by partnering with integration companies such as Woodenshark and Chronicled. Together we can create trials and deliver turnkey solutions comprising sensors, gateways, and analytic systems.”
Moeco uses crowdsourcing to gain coverage and help businesses effortlessly adopt IoT technology in a most cost-effective way. The network is outsourced, allowing the deployment of sensors and devices and connects them for a fraction of the cost (5–30 times cheaper than mobile networks in initial and maintenance costs).
Moeco will adopt LPWAN and Bluetooth Low Energy solutions to deploy limited scale test networks. The company is currently rolling out a pilot in Dubai and is targeting other IoT-oriented cities such as Hong Kong and London.
To provide developers with a realistic environment to permit testing of protocols, applications, and devices, the Trusted IoT Alliance has constructed a global Testnet. By design, the Testnet is based on at-scale, real-world networks, and protocols. The Testnet’s endpoints and nodes are managed by the Alliance’s members, where any protocol can run and be connected to both the Internet and the private network. The Testnet, which is supported by Cisco, is open to all members of the Alliance at no additional cost.
“Moeco is built to become a DNS of things — a platform integrating various connectivity standards and connecting billions of devices across the globe. We are excited to have them become part of TIoTA, where our aim is to increase interoperability and interworking across innovative new trusted IoT technologies.”