IOTA is a distributed ledger technology that is open for everyone to use as it is fully open source. People also discuss MIOTA where 1 MIOTA =1 Million IOTA. IOTA also helps to process any transactions on the network without paying any transaction fees which makes this best suits for Micro-Payment.Īs I said IOTA also owns its own network Cryptocurrency which people call IOTA coin and this is the smallest unit that works on the network. How Tangle and IOTA works will discuss later in the guide. Hence IOTA has eliminated the concept of Blockchain technology and introduced a Directed Acyclic Graph which calls Tangle in the IOTA network. The current Blockchain network requires mining and Proof of work to process any transactions on the network which restricts this to be scalable in the future.Ĭurrent Bitcoin has the most scalability of up to 7 transactions per second, which are not enough for the future internet of things as there will be billions of transactions per second in the future. It is mainly focused to solve the Blockchain scalability issues and Micro-payment supports on a decentralized platform. The main vision behind its creation is to support machine to the machine economy, which helps in the future when more systems start communicating with each other.
IOTA is a new revolutionary data transfer and payment settlement layer for the internet of things. It is currently handled by a German nonprofit organization IOTA foundation, which is lead by David Sonstebo and Dominik Scheiner as the co-chairman of the board. Presentations, group discussion notes, as well as the video recording of the event, is available to IOTA members on the event’s webpage.IOTA was first launched in ICO in the year 2015 and it raised around 3000 BTC which to worth around $0.5 Billion and by the end of 2017 its total market capitalization reached up to $4 Billion. Gayane Avagyan and Elena Sagaryan (Presentation by Armenia): “COVID-19: challenge or opportunity in communicating with taxpayers?”įollowing an interactive Q&A Session and the forum’s second group discussion, the final plenary session introduced the upcoming IOTA Project on nudging techniques, which is to give insights into taxpayer behaviour and the use of nudging in IOTA member countries.Ivan Portelli (Presentation by Malta): “Communication tools for coping in the New Reality – Malta Experience”.Nilla Hietamäki (Presentation by Finland): “Dialogue with taxpayers”.Presentations during the second day included: Participants discussed strategies that can help communication specialists to operate better in the current communication environment, such as empathy, simplification or digitalisation. The plenary session of the second day discussed ‘ Communication tools for coping with the new reality’. The plenary session was followed by a Q&A session and a group discussion. Rosen Bachvarov (Presentation by Bulgaria): “COVID 19 Financial Support Program Communications”.Professor Nicolas Baygert (Belgium): “Institutional Defiance, Echo Chambering and Disinformation: Public Administrations facing Online Trends”.
Professor Gianni Riotta (Italy): “Rebuilding Trust”.Professor Vilma Luoma-aho (Finland): “Authorities are from Mars, Citizens are from Venus?”.More precisely, the first day’s presenters included: Taking this into consideration, the main theme of the 2021 Forum is “ Tax Communication: Back to the Future”.ĭuring the first day’s plenary session, the main subject was ‘ New communication in a new reality: current environment and its challenges’ and was covered by three external speakers and a country presentation. Polarisation of public opinion, the need for fast and up-to-date information, and increased lack of trust towards tax administrations, as well as the spread of fake news, have determined a new environment where tax communication departments are required to adapt. Throughout the past year, tax administrations and their communication departments responded to a pandemic crisis while they also adapted their ongoing work and future plans to the new reality.
Presenters and participants shared their views and experiences not only about how the communication environment changed in the new reality but also how communications activities need to adapt to the new normal. This year’s theme was “ Tax Communication: Back to the Future”. The IOTA Forum on Communication of 2021 took place on 28 th-29 th April 2021 and was hosted digitally for the second time since the start of the pandemic.
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