The IOTA Foundation is non-profit based. This proves their commitment towards exploring the infinite possibilities of digital ledger technology. In order to bring about effective decentralization and scalability, IOTA ditched blockchain altogether. Instead, “Tangle” is employed, and interest towards its ventures has been skyrocketing recently.
During the previous week, Julie Maupin had spoken of how IOTA can protect rainforests from disasters [the Amazon Forest has been burning for more than 20 days, sparked-off by the Big Oil conglomerate].
IOTA, Jaguar Land Rover and Positive Cityxchange will explore the potential of #DLT | #Blockchain for IoT and Smart Cities tomorrow at #NTNU in Norway. Join @WilfriedPimenta, our biz dev director. More details in: https://t.co/PWLa0XILvG pic.twitter.com/taAxAmt2sQ
— IOTA (@iotatoken) August 27, 2019
The EU H2020 project, as well as CityxChange, have banded together with IOTA. Land Rover and Jaguar need no introduction, as the British organization has been unveiling Class-A machinery for decades.
In spite of such support, IOTA needs to move up in the table if it wishes to for adoption to soar. The tech is sound, but fresh buyers are necessary for all projects to succeed. Smart cities would bring about a hygienic environment and revolutionize the standard for living.
IOTA is ranked at #18 beneath Tezos in the market. The price dropped at a rate of 1.07% in the course of the past 24-hours. The trading volume recorded is $5.834 million, whereas the supply has 2,779,530,283 MIOTA coins in play. As of this moment, the total market cap of IOTA is $723.782 million. At present, MIOTA is priced at $0.260397.
DXC Labs had published an article a short while ago titled “Enabling a secure ecosystem of connected devices”. In it, they detail the need for privacy and security, which will only rise with the passage of time. Cyber-criminals will evolve, and “cyber-physical systems” will play critical roles in society. Connectivity is a boon and a bane, and we should progress appropriately.