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New IOTA Business Models To Eclipse Bitcoin Price Speculation

Blockchain   2020-12-06 05:20:52

Stanslavs - Shutterstock According to Wilfried Pimento from Miranda, the innovative approach of the "IOTA and new business models will eclipse Bitcoin cash prices. IOTA partnerships will help create sustainable ecosystems. In a recent interview , IOTA Business Development Director Wilfried Pimento from Miranda spoke about IOTA , its use cases and business models. Interview focused on the publication " IOTA Foundation: Building a Minimal Viable Ecosystem for Smart Cities " . In the interview, de Miranda highlighted the growth of the IOTA ecosystem, driven by his collaborators. From developers to researchers to academics, the commercial director of IOTA has mentioned some of the cases in which these collaborators work. U cases based on IOTA and new business models First, de Miranda mentioned that STMicrolectronics uses IOTA in its IoT stack. In addition, Dell Technologies and the Linux Foundation are developing a "trust structure" to ensure transparency and enable a system where data can be shared without trust. In addition, the commercial director of IOTA talked about the cooperation with Jaguar Land Rover and building a portfolio that will allow automotive units to share data and perform micro-transactions. The cases of mentioned uses are part of an ecosystem encompassed in a smart city model. In this sense, de Miranda has focused on the Horizon 2020 Positive CityxChange group as part of an Alpha Venturi initiative to exchange peer-to-peer energy. According to Miranda"s , " IOTA wants to be for IoT what TCP / IP has become for the Web. The vision is a machine economy where IoT assets, such as autonomous vehicles, participate in the creation and exchange of value through machine-to-machine transactions. " In this sense, the Director of Business Development of IOTA points out that new business models have been created around the distributed ledger and IOTA technology. Smart citiesfuture driven by technology infrastructure could be used in conjunction with a new generation of "game-changing" services across the em financial system as IOTA could be at the forefront: