The IOTA Foundation has been one of the active players in revolutionizing smart cities, leveraging its distributed ledger technology (DLT) for several real-world use cases. Blockchain researcher Collin BROWN recently stated that DLT and IOTA technology are reflected in a groundbreaking patent from Johns Hopkins University that talks about building machine-to-machine trust by integrating DLT and IOTA technologies. According to Brown, the patent highlights the use of a distributed ledger, which could be a blockchain and/or use IOTA technology such as Tangle.
Application of this distributed ledger involves the use of data structures such as linked list or directed acyclic graph, depending on the specific use case. Smart contract functions facilitate the publication of certain trust indicators in a distributed ledger, ensuring reliability and immutability. This innovative approach not only protects against manipulation, but also provides resilience to machine or network failures by providing the ability to record trust scores for an entire network of quorum-based compute nodes.
In an innovative move to address a critical issue in the blockchain, LayerZero, a dedicated protocol for solving interoperability issues, now integrates seamlessly with the Shimmer network. This integration built into ShimmerEVM marks a significant milestone in enriching its ecosystem by creating seamless communication channels between different blockchain networks. The integration significantly improves the Shimmer user experience by enhancing cross-chain communications both within the Shimmer ecosystem and beyond.
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