Industrial cryptocurrency applications at Hannover Messe

Hannover Messe is one of the world’s largest trade shows for industrial automation. In late April more than 200,000 attendees made their way to Hannover, Germany to shuffle through 23 exhibition halls. They were there to see the latest in sensors, databases, 3D printers, robots and cobots, virtual reality, digital twin design models, and hundreds more innovations for manufacturing. And if any of those 200,000 attendees found the right booths and asked enough questions, they would discover cryptocurrency is being closely examined by a few forward-thinking vendors.

The cryptocurrency mentioned the most in Hannover was IOTA. It is designed for machine-to-machine communication — IOTA is an acronym for Internet of Things Application. Using smart contract technology and a clever reinvention of the blockchain’s distributed autonomous ledger called the Tangle, IOTA is designed to improve a wide variety of existing industrial workflows and be the catalyst for new industrial business models.

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