2 Machines: Alice and Bob
Alice wants to give 5 IOTAs to Bob
Alice sends an address request to Bob:
Depending on the kind of machines this can be achieved in various ways
via http GET: Web APIs
via Tangle: for Machines that only know each other through the Tangle
Alice sends 0-value-transaction from a previous address of Bob with message "...
This appears as an opinion based question/answer, but the first few paragraphs describe many purposes for IOTA:
David Sønstebø (co-founder) noticed in the early days of blockchain technology many flaws that would leak discrepancies as technology evolved (particularly IoT, which will dominate all economies in the 2020's).
At the top of the ...
Client ask to the service provider for a valid address. Service provider decide according it's own internal policy the address where this particular client can send funds (it can be a new one).
The client send funds to that address.
An interesting use case is presented in this video. In few words: a car charging station where all data related to the ...
Existing Blockchain technology significantly improves authenticity and integrity of data. The technology creates truly reliable and immutable records, making it easier and less expensive to transact with one another in a verifiable way. It provides an interoperable transaction layer where previously unknown parties can dynamically start exchanging value in ...