IOTA No Stone Unturned Has Done Lot of Work without Much NoiseJune 2, 2020
IOTA are introducing their Open and Feeless Data and Value Transfer Protocol in a new light. Learning about IOTA gets easier than ever before. IOTA has fundamentally re-engineered the distributed ledger technology by enabling secure exchange of both value and data without any fees.
IOTA recently tweeted: “We are excited to introduce our newly redesigned website to showcase our technology & reflect our maturity as a Foundation. We invite you to join us on our path to IOTA 2.0! We very much welcome your feedback on this initial deployment.”
IOTA is enabling new possibilities. They are creating a social impact by virtue of mobility, smart cities, global trade, and digital identity.
They are more focused on providing for sustainability, identity, and citizen centric governance. Thus harnessing the power of IoT to manage natural resources in a more sustainable manner, bringing digital identity beyond borders to all people, enabling more transparent and more inclusive public services.
Sydney Ifergan, the crypto expert tweeted: “IOTA is mind blowing. It looks like they have not left any stone unturned. Lot of work without much noise. Pure productivity.”
In terms of mobility, they are focused on facilitating car wallets, smart charging, and usage based insurance. Thus, in-built wallets allow cars to send and receive payments, electric vehicles will be able to autonomously pay for charging, and insurance policies based on actual usage behaviors.
In terms of smart cities, they are focused on facilitating urban mobility management, open and transparent data, and peer-to-peer collaboration. Thus, providing to use transport and infrastructure data for informed decision making; centrally display manage and analyze available data, and to build resilient infrastructure which is designed for the sharing of economy.
In terms of global trade, they are focused on tracking and tracing, customs and border management, and digital twins. Thus providing for sharing status throughout the supply chain with provenance data from the source, upgrading trade certificates for international exchange, and to turn any product, pallet, container or consignment in to a digital twin.
In terms of Digital Identity, self-sovereign identity, identity of things, and citizen centric governance. Thus, providing for a borderless digital identity which can be verified by anyone, identities allowing devices to provide their specifications and authenticity, and digital identities which meet data privacy regulations like the GDPR.
IOTA has given a 360 degree thought to everything that can get done with proper usage of Protocol.