The crypto market may be down but, there are projects that are massively undervalued at current prices, based on the potential for growth. IOTA (MIOTA) is one such crypto project. IOTA is inking deals that all point to a future, where it will be at the center of the smart economy. One area that offers a massive opportunity for IOTA is in autonomous vehicles. Over the last few decades, vehicle have been getting smarter, and today car companies are already experimenting with autonomous vehicles that do not require any human intervention. While the technology is not yet fully refined, it is at the very advanced stages of development. So advanced that ride-sharing companies like Uber are already experimenting with these vehicles. So how does IOTA come into the whole equation of autonomous vehicles?
Well, IOTA’s tangle technology is designed for feeless transactions in machine-to-machine communication. In an autonomous self-driving car, there are very many machines communicating with each other, in order to make the whole thing operate effectively. This communication involves a heavy interchange of data on a continuous basis, and this can be a very costly process. IOTA (MIOTA) solves this problem because tangle technology allows for an instantaneous exchange of data, and for free. That’s a big deal, and may explain why Volkswagen, one of the largest vehicle companies in the world, with a net worth of $450 billion has partnered with IOTA.
A few days after the IOTA partnership, Volkswagen has announced another host of partnerships to help improve on autonomous vehicle technology. While the deal does not mention IOTA directly, the company will most likely make use of IOTA’s tangle technology, since it offers what VW is looking for, efficiency in an IOT environment. Once IOTA becomes part of the autonomous vehicle infrastructure, its value potential will grow exponentially. It would mean that betting on IOTA today is betting on the future on tech. That’s because the car industry is an important part of the global economy. As such, by becoming the backbone of this industry, IOTA (MIOTA) will exponentially push up in value in the future. Just imagine a point where autonomous vehicles are the norm on the road, and you own a piece of the tech making it all possible. That’s like hitting the jackpot, right?
It even gets wilder when you realize that autonomous tech is not limited to vehicles alone. There are lots of other machines that are increasingly going autonomous. Factories are a perfect example. In the near future, a good percentage of manufacturing won’t need any human input. This shift is happening, and it needs a high level of machine-to-machine communication, and that’s what IOTA is all about. IOTA is already making in-roads on this front, with its use case at Fujitsu. More factories are guaranteed to make use of IOTA in the future, and that’s great for its value.
IOTA (MIOTA) may be trading at a less than a dollar today, but in a few years, this crypto could easily be worth hundreds of dollars. It has a far-much brighter future than any blockchain project out there.