IOTA is the first 'Distributed Ledger 
' to go beyond the blockchain.
IOTA continues to have news in recent days. In November, the company's share price, which successfully processed the data market, increased by 400%.
The IOTA Foundation announced today that it has bought a substantial portion of IOTA's shares of Robert Bosch Venture Capital GmbH (Bosch Group's capital company). He will be on the board of the IOTA Foundation in Hongquan.
This development is a strategic move on behalf of RBVC as it is concerned with the future of Internet Connected Devices.
IOTA is the first 'Distributed Ledger Technology' to go beyond the blockchain. This technology allows machines to distribute money in a safe manner for a small price. Consider a vehicle from Bosch that collects information from a sensor data about a damaged car part. This is not a dream. IOTA technology, which makes it possible to process more than 10 billion USD, is used for micro-payment based electric vehicle charging and parking.
All of these factors make IOTA stand out as a smart option for investing in 'Interne Linked Device' applications called IoT. But as you know, the concept of crypto money is still in development. So why is this investment done now, and why is IOTA the right choice at this point?
Dr. Jiang says, "RBVC is undoubtedly changing, working with other DLTs. We are working with IOTA, which is why we chose IOTA as the first investment tool. We were also very influential in the founding team and the IOTA community. IOTA's potential to reconcile some of the key issues it faces in the IOT field of DLT operations. To be more precise, the feasibility of the transaction and the problems related to the transfer costs. IOTA technology is still in its infancy. However, as we mature in the future, IOT may become an important invention in the industry. "