IOTA Bosch Group VCThe Internet of Things technology is knocking on our doorsteps and we might even be on the threshold of the dawn of its integration into our lives. With every new innovation comes the necessary platforms and software that enable us integrate these innovations into our lives. Say hello to Siri, oh sorry, IOTA – yes IOTA, the cryptocurrency distribution platform that is going to make the Internet of Things experience much better and more integrated into your life easily than you ever thought.

 

What Is The Internet Of Things

Imagine a world where you wouldn’t have to bother in the morning to check whether your car was full of gas or fuel because your managed to get itself filled. How?, I will tell you how. Your car communicates to the nearest local fuelling station that it was out of fuel and that it needed a refill, after which it communicates to your phone to transact payment. Or say your phone could tell that your fridge was freezing up too much or you could control basically every” machine in your house with your phone while in town. This is the internet of things.

We can all tell from the sci-fi stories of today that sooner than later direct machine-machine transaction will take over. However, this needs a platform as stated earlier, and that’s what IOTA stands for.

 

IOTA Has Managed To Build For Itself A Good Global Reputation

The IOTA foundation has managed to convince many people unto its side in terms of adoption of new technologies that utilise blockchain in a way. We have Volkswagen (German auto manufacturer, VW), and Bosch and ITIC already into partnerships with the IOTA platform, all for the purpose of the Internet of Things experience.

IOTAThe firm’s primary concern now, which it has stated that it is working on, is how it will fully deliver this service to its customers. The city of Taipei smart city project partnership with IOTA is only one of the first of many to come. Per a recent tweet by the platform’s main twitter account, the adoption rate of the platform has increased because of its very many partnerships in recent times.

 

IOTA’s prime advantage is the fact that it tackles almost all areas that blockchain technology ventures into. Right from the sphere of production, to that consumer behaviours and patterns, and finance. This is all in a bid to be able of get rid of human influenced problems like corruption. With leading influence in the field of IoT integration in the world now, IOTA sure is the best choice to make in terms of platform with the way forward and maybe as an investment option.

 

Let us at Coinstaker know what you think about the possibilities IOTA presents us with and the entire Internet of Things experience via our Telegram community.

Featured Images via Coinstaker archives.

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