A smart building challenge was been created under the guidance of the IIC i.e. the Industrial Internet Consortium. Smart complexes and apartments are the key goals for this initiative as the governing body hunts for reliable organizations within the IoT alliance. This news was first broken by Ledger Insights.
The participation of the IOTA Foundation and Dell has caused a tremendous fervor in the ecosystem. Space flow analytics and the need for proper management and sales tools still plague the minds of investors as well as builders. Other contestants include Wipro, Rapid Lab, and at least 20 more.
Transactions on IOTA’s network have no fees associated with it; improved scalability and microtransfers are a few attractive features of IOTA [which employs the Tangle instead of a blockchain, essentially it is a distributed ledger].
A jury will carefully choose the winners once the contest wraps up. The leading ventures will be awarded some pretty amazing opportunities. It seems that smart cities aren’t an alien concept anymore and may soon be part of mainstream conversations [you can find more information on Songdo-dong, South Korea on Google].
IOTA is ranked at #17 to the south of Chainlink as well as Huobi Token in the market. The trading volume recorded stands at roughly $10.232 million [which displays quite an improvement], and the supply has 2.779 billion MIOTA coins in play as of this very moment. The total market cap of IOTA amounts to $773.491 million for now. The price rose at a rate of 2.2% in the course of the past 24-hours; this brought $MIOTA all the way up to $0.278281 where it presently holds.
“The #IndustryMarketplace shows how a common semantic understanding can be implemented. Together with #IOTA underlying data and payment layer, machines can communicate autonomously using standard semantics”, says Alexander Fay from @HSUHamburg.
Visit https://t.co/N3bTA2N3pb pic.twitter.com/YNPYL1hx5x
— IOTA (@iotatoken) October 9, 2019