Connect with us

Altcoins

Here’s The Latest IOTA Partnership News

Published

on

unifox-ad
IOTA partnership
READ LATER - DOWNLOAD THIS POST AS PDF

The IOTA foundation is further pushing their agenda for the use case of the Tangle in the Internet of Things through IOTA partnership with three firms. These firms are Volkswagen, Bosch and Fujitsu. The industrial applications of the IOTA tangle have been demonstrated on numerous occasions in collaboration with the three partners as shall be outlined below.

IOTA Partnership with Bosch

At the Bosch Connected World 2018 event, the advantages of IOTA were demonstrated as the cooperation between the two firms was emphasized. With IOTA, Bosch wants to influence the value chain in the automotive and Internet of things sector.

At the end of last year, Bosch introduced its new sensor XDK or Cross Domain Development Kit. This sensor, on the IOTA tangle, will take automation to a whole new level through Machine-to-machine communication.

IOTA Partnership with Volkswagen

VW presented a new proof of concept together with IOTA at the CEBIT 2018 event. This was a demonstration about the use of the tangle to secure software transfer. VW wants to integrate the technology into its products as we move into a future of autonomous vehicles. Cars can get data they need for certain updates and function as part of an evolving digital world.

2020 has been predicted to usher in over 250 Million networked cars with 75% of this number connected to the internet. Therefore, to abate security fears, the IOTA tangle would be best suited for the transfer of information to and from the vehicles on the road.

IOTA Partnership with Fujitsu

Fujitsu has an amazing global network of over 140,00 employees supporting customers in over 100 countries. Fujitsu, being an IT service provider, wants to use IOTA to test projects for its customers who are in the manufacturing and automotive industries.

Leopold Sternberg, Program Manager of Fujitsu’s Industry 4.0 Competence Center, had this to say about the future of using the IOTA tangle:

“Fujitsu is well-equipped to introduce IOTA as the new protocol standard because we are both experts in IT services and manufacturing IT products.”

Summing it Up

These three large industrial partnerships will be the backbone of mass applications of IOTA. The IOTA foundation has plans to increase its partnerships with time, but the existing ones will serve as a litmus test for the problem-solving capability of the IOTA Network.

Market Performance of MIOTA

The fake news that the Goldman Sachs firm from Wall Street was shelving plans for a Bitcoin and Crypto desk, gravely affected the crypto markets. BTC is the backbone of everything, dropped from comfortable levels of $7,400 to current levels of $6,292 in a span of less than a week.

With the fall of Bitcoin comes the ripple effect to other less dominant coins such as MIOTA. The digital asset had recently recovered from the terrible levels back in August when it was valued at $0.46. At the end of August, MIOTA had managed to climb to $0.77. Those gains have since been eroded away as the digital asset is now trading at $0.55 due to the Goldman Sachs fake news.

The general short-term direction of the crypto markets is one of uncertainty. But 5 years down the line, we will be laughing talking about how a small market dip in 2018 made us panic.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

5 Reasons Why BAT is A Good Investment

Published

on

BAT
READ LATER - DOWNLOAD THIS POST AS PDF

In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

Continue Reading

Altcoins

How and when Electroneum (ETN) mass adoption will catch fire

Published

on

Electroneum
READ LATER - DOWNLOAD THIS POST AS PDF

Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

Continue Reading

Altcoins

Stellar Lumens and XLM: All you need to know

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

Stellar Lumens is a blockchain project that includes the XLM token. It’s meant to connect banks, payments, and people. How? By making money transfers around the world quicker, safer, more efficient, available to people that are usually outside the banking system at a cost so low that it’s almost free.

Millions of people are using Stellar already. It’s considered to be the closest project to Ripple (hence, its main competitor). But Stellar has found more use cases than Ripple so far and a strategic alliance with IBM. Those two things will end up determining Stellar’s success in the long run.

Stellar’s leadership, staff, and the team have raised a few doubts in the past. This project was founded by Jed McCaleb who also founded Ripple and eDonkey. The network’s governance and centralization could improve regarding transparency as well.

That being said, Stellar’s adoption and development have grown exponentially in a short time. It’s become one of the leaders regarding blockchain structure. And it’s been in the crypto verse’s spotlight for several reasons.

With all those successes, Stellar Lumens could do a better job when it comes to decentralized apps. In third-generation blockchain projects, smart contracts and dApps are crucial. This could allow competitors like Tron, Ripple or EOS to gain advantages over Stellar.

But Stellar’s versatility is such that it might disrupt many different markets. As a payment tool, it can affect the virtual (and the real-world)…

Continue Reading
Advertisement

Elite