We recently launched the Industry Marketplace: a vendor and industry-neutral platform developed by IOTA and world-leading innovators. This blog post is for anyone who wants to contribute to the Industry Marketplace by setting up an instance of a Service Requester or a Service Provider. In the following section, I will quickly wrap up the main purpose of the Industry Marketplace and its key elements. Then I will go into detail on how to install, run, and configure the essential MarketManager component.

Don’t forget to keep track of the blog posts that will be released in the upcoming weeks. A cooperation engagement process will be posted soon in a separate blog post.

The Industry Marketplace

The Industry Marketplace establishes a vendor-neutral marketplace for Industry 4.0 (I4.0) components to buy and sell goods, data and services. Unlike conventional virtual marketplaces, the Industry Marketplace, powered by IOTA, is an​ autonomous and decentralized platform for offering and searching for data and services, which is open to everyone free of charge.

A participant in the Industry Marketplace can take one of two roles: the role of Service Requester or Service Provider. The Service Requester searches for some data or services, e.g. charging, transporting, drilling etc., offered by a Service Provider. The Service Requester chooses a Service Provider and processes a payment in IOTA tokens, once the service is successfully fulfilled.