industry-marketplace

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industry-marketplace

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The world's first autonomous and decentralized Industry Marketplace

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#  Summary
The next generation of industrial automation, Industry 4.0 (I4.0), is rapidly approaching. In
tomorrow's world, devices will contain not only asset information, but proactive decision and
optimization algorithms to enable goal-oriented behavior among their components. Such I4.0
devices can be viewed as autonomous independent economic agents that cooperate
according to market economy principles.

The highly flexible value creation networks that result from I4.0 will require new forms of
collaboration between companies - both at the national and global level. And the successful
implementation of I4.0 will depend on the creation of a common global communication and
computing infrastructure that allows economic relationships between machines.
By combining the latest technology with established standards and openly-developed
specifications, the Industry Marketplace will provide this platform and enable the economy of
things.

The Industry Marketplace will serve as a vendor and industry-neutral platform, automating
the trading of physical and digital goods / services. Building on specifications developed by
the Plattform Industrie 4.0 (Germany’s central network for the advancement of digital
transformation in manufacturing), the Industry Marketplace combines distributed ledger
technology, immutable audit logs, and standardized, machine-readable contracts with an
integrated decentralized identity system, to ensure the authenticity of all participants and
enable secure communication and payments across the industry landscape.
The Industry Marketplace has been developed as an open source initiative and is free to
join. A simple trial can be run at your office to explore its potential. We encourage open
innovation with other industry partners to explore new business models and the many
possibilities of industrial automation.

Key features

* Vendor and industry-neutral platform and communication
* Standardised communication for contracts, product data, purchasing, bids, orders,
services
* Implementation of the I4.0 principles for driving forward digitalization and
manufacturing
* Semantic language, based on open specifications, developed by Plattform Industrie 4.0 and academic institutions
* A decentralized and globally accessible protocol with paramount security
* Low system requirements
* Open source software
* Integrated, decentralized ID, to ensure the authenticity of all participants
* Integrated payment option for goods and services, without transaction fees
* Payment queues to execute outgoing payments in high frequency environments, e.g. buying many individual data sets, like weather data
* Immutable audit logs for every step (including payments) to be compliant with
regulatory requirements
* Digital trust as a design principle throughout the IOTA Tangle

# Link Consolidation
* [Landing page](https://industrymarketplace.net)
* [One-Pager](https://industry.iota.org/files/IOTA_Industry_Marketplace.pdf)
* [Technical Documentation](Industry_Marketplace_Technical_Documentation.pdf)
* [Explainer Video](https://www.youtube.com/watch?v=Jnh_9nKkemM)
* [Use Case Examples](https://industrymarketplace.net/use_cases)
* [Demo site](https://industrymarketplace.net/demo)
* [Try as Service Requester](https://service-requester.iota-dev1.now.sh/ (keep requester window open to interact with SP))
* [Try as Service Provider](https://service-provider.iota-dev1.now.sh/  (keep requester window open to interact with SR))

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