Europe’s largest semiconductor chip maker, STMicroelectronics, who posted a net revenue of US$9.66 billion last year, are offering IOTA Distributed Ledger Technology (DLT) as an expansion software package for their STM32 microcontroller range.
P.S.: Google STMicroelectronics. pic.twitter.com/WgMCSh21yn
— Tangleblog.com (@tangleblog) June 28, 2019
As an incentive to buy their product, microcontroller producers offer software packages to electrical manufacturers to save them time and costs on coding their devices. STMicroelectronics have now taken the step to include IOTA in their STM32Cube ecosystem.
As the STM32 is based on the ARM® Cortex® M processor, it means virtually all manufacturers of any electrical devices can now incorporate IOTA for data transfer and as a currency transaction settlement layer – even for micro payments – at an initial production stage.
Headquartered in Switzerland, STMicroelectronics are a global player with regional offices and manufacturing facilities scattered around Europe, the USA, North Africa, Singapore, Japan and China.
IOTA, although certainly qualifying as a distributed ledger technology, is not a conventional blockchain and is referred to as a “Tangle”, which is often visualised as more of a web rather than a chain.
The Tangle approach has not excluded IOTA from the blockchain community however, and they were recently confirmed as one of the inaugural members of the International Association of Trusted Blockchain Applications (INATBA) who are supported by sections of the UN, European Union, World Bank and UNICEF.
STMicroelectronics’ adoption of IOTA appears to have further validated the quiet progress made by the Tangle developers who have previously voiced their opinion that they prefer “slow growth” from their project as opposed to “crazy growth that has [no basis] in reality.”