The IOTA tangle is gaining new use cases every so often, and the tech world is beginning to appreciate the power of IOTA as a revolutionary technology. One of the biggest potential use cases for IOTA (MIOTA) that has brought lots of excitement in the market is in the vehicle insurance industry.
This use case was presented by Biotasphere, and if applied, would lead to over 70% in cost savings to the car insurance industry. It’s an exciting use case for IOTA in an industry that is worth billions of dollars, and one that will potentially have a huge impact on the value of IOTA (MIOTA).
Another interesting use case to the IOTA tangle is in space exploration. This is a big deal, one that not many IOTA investors would have anticipated, but one that is very much possible. The potential for IOTA in space exploration was recently showcased by Spacebit during the astronautical conference in Germany. Spacebit is looking to develop IoT enabled space vehicles using the IOTA Qubic.
This is a big deal, one that could put IOTA at the heart of the multi-billion space exploration industry. A breakthrough on this front would also give IOTA an edge in the military, especially in advanced military technologies. That’s a market that is worth billions, and one that would add a huge deal of value to IOTA (MIOTA).
But even more incredible in the fact that IOTA (MIOTA) could be useful in changing the concept of housing as we know it. In an article on Iota Hispano, Rafael Presa explores the concept of Housing-as-a-service, and how it could revolutionize housing. According to this article, the IOTA tangle would be quite useful in actualizing this idea, and giving a home to people who have no interest in the traditional concept of home. According to this article, the IOTA tangle can actualize this vision better than the blockchain because it has more versatility. Here is an excerpt from the article.
Unfortunately, the blockchain doesn’t comply with our need for a scalable, feeless and fast solution because of particular features inherited from its original design of consensus. The 3rd generation of DLT has been deployed last year by the IOTA Foundation. Named Tangle it is a DAG, Directed Acyclic Graph, and have solved the issues previously mentioned about the blockchain. The Tangle is the data structure for IOTA, a cryptocurrency specially developed for IoT microtransactions that is and will always be completely fee-free.
If this concept is actualized, it would revolutionize the real-estate market, and add a huge intrinsic value to the IOTA tangle.
From all these potential use cases, it becomes clear that the potential of the IOTA tangle is pretty much limitless. IOTA (MIOTA) has the potential to transform literally any industry. It’s only a matter of time before these use cases move into real-world applications.
For an investor, these potential use cases make IOTA (MIOTA) one of the highest potential holds in the crypto market. This is a trillion dollar crypto in the making, one that has the potential to change the world.