Moeco Brings its Global IoT Network to the Trusted IoT Alliance
Alliance members will gain access to the Moeco crowdsourced global IoT network, allowing them to assess interoperability of their solutions over the Alliance Testnet
SANTA CLARA, CALIF., November 12, 2018 –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 500and startup members to test interoperability of their solutions over the Moeco network using the TIoTA testbed.
TIoTA works to bring together Fortune 500companies 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 per-connection basis and gateways receive tokens for data transfer. The “Introducing Moeco” video is available onYouTube.
“Blockchain brings trust to the decentralized system with many counterparts spread across the world,” said Dmitry Gorilovsky, Founder and CEO of Moeco. “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 is built to become a DNS of things — a platform integrating various connectivity standards and connecting billions of devices across the globe,” explained Zaki Manian, Executive Director of the Trusted IoT Alliance and Moeco Advisor. “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.”
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 connect 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.
About Moeco
Moeco is a blockchain-powered platform designed to provide global IoT connectivity using multiple radio access standards. Moeco uses Bluetooth Low Energy (BLE) technology to global scale by creating a worldwide accessible network. Moeco uses people’s smartphones as infrastructure by turning them into walkable hotspots for sensors. Moeco also innovates on the hardware side, building simple BLE-based sensors, that allow for a low price and long battery life. Moeco platform uses two blockchains: high-speed Exonum for transaction logging and Ethereum for payments. Moeco allows to gather data on a much larger scale by dramatically decreasing costs on data collection. For more information, please visit https://moeco.io.
About TIoTA
TIoTA is a result of the collaboration amongst passionate technologists working to leverage blockchain infrastructure to secure and scale IoT ecosystems. TIoTA seeks to enable trust in the data produced by such IoT systems in a distributed ledger/blockchain agnostic fashion, thereby enabling a decentralized trust model for interoperable digitized identities of physical goods, documents, immobilized assets, sensors, and machines. Visit trusted-iot.org to find out more.
About the TIoTA Testnet
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.
