IOTA (MIOTA) Makes it into the Auto Industry: Here’s Why
IOTA is finally trading in the green while going up against the dollar as the market is finally showing some improvement. As of the latest change in the last 2 hours, the majority of currencies are going up, while MIOTA makes no e…
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IOTA (MIOTA) Makes it into the Auto Industry: Here’s Why
IOTA is finally trading in the green while going up against the dollar as the market is finally showing some improvement. As of the latest change in the last 2 hours, the majority of currencies are going up, while MIOTA makes no exception. However, we are more interested in the list of all the partnerships IOTA has acquired during the previous period, realizing that all of the sealed partnership were actually strategic. So, after getting its own IOTA charging station for electric vehicles in the Netherlands a couple of weeks ago IOTA is now working on new goals.
IOTA and the Auto Industry
Going above TRON during the massive rebound in April, IOTA has reached the spot of the 9th-best currency in accordance with global coin ranking list and due to its market capitalization. During its rebound, IOTA even managed to have its first IOTA charging station for electric vehicles set up for active operation in the Netherlands, which contributed to the mass adoption and showcased one of the real-life purposes that match the technological capabilities of MIOTA’s network, Tangle.
However, this is not the end of the story of mass adoption and real-life use of decentralized ecosystems, as IOTA has made some remarkable partnership in the previous period, that way making its strategic move towards its next plan.
Having been partnered up with companies like Volkswagen and Porsche, which are both automotive magnums, IOTA is making room for having its technology reaching the industry of automotive and electric vehicles.
With Tangle, IOTA has a plan to enable easy and simple, cost-effective connectivity between machines, creating decentralized machine-to-machine communication which would be driven by MIOTA.
In this case scenario, machine-to-machine communication model would serve the purpose of connecting your vehicle to your computing system in order to achieve better driving performance and get the most out of your vehicle.
That way, IOTA can create decentralized applications that serve the purpose of preventing car crashes and accidents on the road, simply and easily by using the technological capabilities of Tangle, which is a superb and fast decentralized ecosystem, although with a different infrastructure when compared to other platforms.
With Tangle, IOTA goes beyond traditionally known blockchain- based platforms but makes up for its own industry while being connected to the Internet of Things, considering it the future model of business ventures and industry collusion.
IOTA, partnered up with massive auto companies, can even establish a transfer system that would serve the purpose of paying for different services and products, all through your vehicle.
This could be easily done with Tangle, given the fact that IOTA can successfully perform machine-to-machine communication, which is probably the main reason why these auto giants were interested in partnering up with IOTA in the first place.
Besides from Porsche, Volkswagen, and IOTA, 30 more companies related to the auto industry have joined the movement called Mobility Open Blockchain Initiative (Mobi), with the purpose of presenting connectivity resolutions for machine-to-machine communication in the auto industry, all supported by Tangle.
This alliance could most probably sky-rocket IOTA while presenting it to its real-life purpose.
How is IOTA doing at the Current Moment?
April was pretty benevolent to MIOTA as this currency managed to acquire a pretty smooth rebound, while it also launched first crypto charging station for electric vehicles and sealing very important partnerships within the auto industry.
With May 13th, the market trend also seems to be changing as we can see the majority of currencies moving up.
Holding onto the spot of the 9th-best currency, MIOTA is also going up against the dollar today while trading in the green.
Following the latest change in the market after a week-long trend of plummeting, MIOTA has gone up by 4.43% against the dollar in the last 24 hours.
In addition to collecting gains against this fiat currency, MIOTA is also going up against Bitcoin, while trading in the green and rising up by 2.40% against this crypto.
After the latest change in the market, MIOTA can now be traded at the price of 1.91$ per one unit. With this pace of growth, it is realistic to expect to see MIOTA reaching and breaking through the value of 2$ per one unit in the following days. However, this case might be postponed in case the market turns sluggish again.
IOTA made its record price of around 5.20$ per one unit back at the end of December of 2017 when it was predicted that the current year of 2018 would be THE year for cryptocurrencies, which isn’t far from the truth if you take a close look at how far certain assets have gone.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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