IOTA is a project based on the Internet of Things technology. It consists in creating a network of interconnected devices that transmit various data, eg temperature, pressure, parametric data. For many months, we have heard a lot about IOTA , thanks to the great price jump. What is the team planning for 2018?
IOTA - what is the Scandinavian project waiting for in 2018?
The first important element is the release of the new jack - Trinity . The deadline is the end of January, but it depends a lot on security tests. Trinity is a mobile wallet that will be dedicated to the community. The iOS and Android platforms will support this application. The second important information is new meetings and conferences on which business opportunities will be presented. Such will appear, among others in Norway, where the topic of blockchain will be discussed with the Norwegian investment bank. Representatives of IOTY will also appear at conferences about the future of the Internet in Amsterdam or Blockchain Business Campin Tokyo.
IOTA aims to acquire new partners at the turn of the first and the second quarter. Up to now, Bosch is one of the largest partners. Another important event is the addition of IOTs to new exchanges. Omoku is one of them that will introduce the replacement of this cryptocurrency into FIAT (EURO). The Foundation itself emphasizes that 2018 will be the moment of implementation of all IOT's solutions and the introduction of standardization. The network of offices will be expanded to include new locations in the world, which will take place in the second quarter of 2018.
A very interesting solution is CarrIOTA . This year the first beta versions have already been released. The general purpose of this software lies in managing the IoT network, that is also all devices connected to the network at home or in the company. CarrIOTA is available on your smartphone, computer or as a cloud service. The manager is able to manage litters in the IoT network, send tasks to individual devices and also has the option of paying to PayPal. A specially appointed team of developers is working on it. 2018 is also meant to be the time when more ideas will flow into the foundation and their financing is to be addressed by the fund created specially for this purpose. Information was also provided on the implementation of cryptocurrencies to the stock exchanges, but without specifying specific dates.
What has been done?
So far, IOTA has made a lot of points from its plan in 2017. An important point was the creation of Data Marketplace . The idea is to provide information from various devices around the world of course for the MIOTA cryptocurrency. In one place there are currently offers of data from devices from such countries as: Germany, Norway, Switzerland, the Netherlands. Website users are, for example, Orange, T-Mobile, EY, KPMG, Fujitsu, Philips. Another event was the introduction of authorized encrypted sending of messages .
This module gives the possibility of sending content to other users. The IOT Foundation was also founded. The project was joined by important partners like: Bosch or Volkswagen. One of the investment funds linked to the first entity also invested its resources in this project. In December there was also a statement about the selection of IOT by the Tokyo Tokyo Metropolitan Government program , which will allow for greater use of the team's solutions as well as cooperation by Japanese entities. Are there any devices that use IOT already? It turns out that this billing measure has been introduced eg in EV charging stations . The Dutch entity Elaadintroduced the possibility of charging electric cars with settlement in this cryptogram.
summarizing
The project constantly adds new solutions, which certainly results in greater usability and dissemination. The Internet of Things industry is developing dynamically. Companies such as Nokia and Microsoft want to increase the number of services and products dedicated to this technology sector in the future. Therefore, the conclusion is that it is also an opportunity for projects that will implement communication capabilities between devices, sending data and settling them. However, it should be mentioned that recently NEM has also entered this industry, as we have been writing about lately and this can come in front of the crypto-bank analyzed. Information about stolen coins, fake partnerships or "clogging" of the Tangle network also does not help. However, 2018 may be good for IOT's if the team will achieve its goals and will not make any image mishaps. We are also waiting for news about new partnerships, because without the introduction of solutions to large corporations there will be no chance to disseminate this technology. So let us gather all the advantages and disadvantages of the project:
The advantages are: a completely new blockchain, application in the future Internet of Things industry, strong partners, new improvements are constantly being issued
The disadvantages are: attempts to steal MIOTA, problems with Tangle network liquidity, image mishaps (eg fake partnership with Microsoft) !
The Microsoft snafu really ticked me off. I think it left a bad taste in a lot of peoples mouths right before a significant opportunity for it to rise. That being said, I'm still sold on it as a solid technology and I will be holding onto it for a long while.
It will be fine