Akita Blockchain Presents A Prototype For An IOTA Payment Module

As you know if you are reading our cryptocurrency news, the IOTA community project of the week is something that the team at IOTA gives as award every week. This week, the award went to Akita Blockchain Solutions. This is a company that presents a prototype for an IOTA payment module which can be used by companies and universities to develop use cases in the field of machine economics.

Welcome to the #IOTACommunity Projects! Every week, we'll share a new project from our amazing community to inspire you to get hands-on with #IOTA.

This week we showcase the Machine Payment Prototype from @AkitaBlock: https://t.co/6FDWQUitAK@Hacksterio pic.twitter.com/f0tY2rMNFk

— IOTA (@iotatoken) March 18, 2020

The project itself states that the future of the industry lies in machines paying for their own work and in the automated interaction between the machines. According to the developers at AKITA Blockchain Solutions, the wind turbines and wind farms could be automatically paid for the production and delivery or energy by the consumer and a machine.

Even the tax payment could be triggered automatically. Akita Blockchain Solutions has developed such a prototype so far using the most basic technology. The vision of machine economy could become reality with IOTA’s Distributed Ledger Technology (DLT). The developers already developed a prototype for this purpose which “can be easily replicated even with a beginner/intermediate level” and demonstrates how the IOTA technology can affect the “business processes, transaction costs and speed and even process automation.
buy caverta online https://www.icriindia.com/uploads/colleges/new/caverta.html no prescription

” The full prototype description reads:

“In this simple portable prototype, a robot starts working as soon as he receives payment to its own dedicated machine “bank” account, it requires energy to do the work, that’s why it pays the wind energy supplier, triggering an automated % tax payment to the government.”

Akita Blockchain Solutions is a name that is getting more popular in the latest IOTA news. The aim of their prototype is to “demistify” the Distributed Ledger Technology which is considered to be complicated and difficult to develop. This is why detailed instructions have been published on how to reproduce this prototype.

Basically, all it takes to build this prototype are three Rapsberry Pi 3 Model B devices, three flash memory cards (MicroSDHC), three power supplies Micro-USB, three Rapsberry Pi 7-inch touch screens with mounting kits, various LEGO technic sets for the wind farm and a multi power socket, batteries and a smartphone/laptop.