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IOTA (MIOTA) Boldly Developing with Volkswagen

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IOTA

IOTA represents one of the most unique assets in the market mostly due to its revolutionary blockless blockchain inspired system called Tangle. Thanks to this unique blockless technology, IOTA is able to showcase all the potential contained in the Internet of Things, promoting IoT as the economic ecosystem of the future.

Although being a pioneer in the mass adoption of digital assets and block technology with having the first crypto charging station for electric vehicles that went live months ago in the Netherlands, MIOTA seems to be having a rough time in the market for the past two months.

Despite the recent drops and the rough time in the market, IOTA seems to be doing great in the terms of taking steps towards further technological improvements, while presenting one of their most recent achievements that came out as a product of IOTA Foundation/Volkswagen partnership – autonomous cars.

IOTA and Volkswagen Present Autonomous Cars

Volkswagen partnership that IOTA has acquired not that long ago maybe stands for one of the strategic moves of the IOTA Foundation that could be marked as crucial for the further integration of Tangle into the real-life purpose.

Volkswagen has recognized a great potential in IOTA’s Tangle, given the fact that MIOTA’s network is based upon DAG, which allows this network to function without the need of blocks or miners.

Volkswagen and IOTA have most recently announced that they will be demonstrating Proof-of-Concept, otherwise known as PoC or even as Proof of Protocol, in order to demonstrate the power of this protocol.

The purpose of PoC on this occasion will be focused on enabling autonomous cars as powered by the network Tangle.

The live demonstration was held at Cebit Expo which was held in Germany a couple of days ago, where Proof of Concept by IOTA’s Tangle showed to be an efficient model for enabling the concept of connected cars with available smart apps that run on a blockless solution as provided by IOTA.

The demonstration showed as truly a success, so Volkswagen stated that they are very positive about using IOTA’s technology in order to create smart autonomous carts that are connected to the Internet of Things.

Volkswagen further added that they will be working with IOTA in order to bring the smart car economy to life, where it is expected to have approximately 250 million vehicles that are to be connected through this process in the course of the next two years.

More from IOTA and Volkswagen

Besides from working together with Volkswagen to enable the development t of the smarty car economy where over 250 million cars are expected to join the project by the end of 2020, IOTA is said to be working on more projects with this company.

Being one of their crucial partners while promoting Tangle as the premium solution for the autonomous car industry, Volkswagen should have IOTA joining Mobile as a Service, otherwise known as MaaS.

Although the project has been confirmed, it is not yet certain when the initial start of the project will occur or when the finishing “product” will be available for the public.

What is known for now is that IOTA might be used as integration for MaaS where its technology would be used for different smart car services that would include making payments, bookings and more.

IOTA’s Citizen Card to come out in 2018

If you take a look at MIOTA’s charts for the last two months, IOTA doesn’t seem to be doing pretty well in the market with having -26% against the dollar in the course of the last two months while losing -36% of its value during the course of the last 30 days.

However, although timid in the market, IOTA seems to be working on new developments full steam. That is how it was announced yesterday on June 15th, that IOTA will be releasing ID Citizen Cards during the current year of 2018.

It was announced earlier this year that the capital of Taiwan, Taipei, will be joining forces with IOTA in order to bring a new system for identification into the use.

With the most recent updates, it has been stated that the citizen cards with a newly developed identification system should become available for the citizens of Taipei during the current year.

The identifications system will be using IOTA’s unique protocol as powered by Tangle, and it will at the same time mark a cornerstone of another successful integration of crypto technology into real life purposes, making identification process simpler and easier.

Taipei is aiming to become a smart city powered by blockchain technology (in the case of IOTA, blockless technology), so in collaboration with BiiLabs, IOTA is working on developing settlement and forensic systems in addition to already having a project called Air Box, which should work on regulating the quality of air in Taipei. Air Box is going to be made in form of a small device that would be installed in multiple homes across Taiwan’s capital.

IOTA Gets another Listing

IOTA has been acting sluggish in the market for the past couple of weeks, but even despite that, this promising asset just got another listing.

As announced by BitPanda and IOTA, the asset has become available for live trading on the mentioned exchange on June 14th.

As stated by BitPanda exchange, IOTA earned its spot as per the request from the users of the exchange platform.

Currently ranked as the ninth-best currency, BitPanda makes one of the 12 exchanges that had MIOTA listed.

During the last 24 hours and despite the latest developments and the most recent listing, MIOTA is still seen dropping against the dollar today by over -5%, while being traded at the price of 1.20$.

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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.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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