Hi Everyone,
IOTA is one of my personal long term investments, and there has recently been some really exciting news. I'm particularly excited about the recent news regarding IOTA partnering with Taiwan to build build smart cities. However, I'm unsure how most of thier progress adds real value to their coin. How does increased use and demand for the tangle corrolate to an increase demand for IOTA?
You can read the full article here
Below are a few highlights from the article. Please share your thoughts and analysis on how this news can impact the value of IOTA.
"The IOTA technology has already enabled millions of micropayments to be transacted, and has been utilized for use-cases including transparent value chains, secure Over-the-Air Updates and feeless micropayment-based electric vehicle charging, parking and more."
Question: Do you think these micropayments will be in IOTA?
" The first project will be digital citizen cards with built-in TangleID. As Taipei City’s “Smart City Living Lab” opens to proof-of-concept projects, IOTA’s ultimate secure distributed ledger technology could help Taipei City’s digital citizen cards from being tampered with, allowing citizens to feel at ease without worrying about identity theft or fraud when voting, providing background medical record information, or using any government-related service. Other areas of exploration include healthcare, and inter-organization and inter-city data exchanges."
Question: Great news for tangle, but does this have anything to do with IOTA?
"A project already underway is Airbox, a joint effort by Edimax, Realtek, Asus, and Academia Sinica, LASS and Taipei City, to create palm-sized air sensors that detect temperature, humidity, light, and pollution. Installed in citizens homes, as well as in 150 Taipei City elementary schools, Airbox is collecting and sharing air quality data online, making it one of the most comprehensive environmental sensor networks in the world. In cooperation with BiiLabs, the Airbox data will be put on the Tangle, in order to integrate incentivized payment in IOTA. This will enable a real-time air pollution monitoring with IOTA’s technology utilized by all the PM2.5 stations in Taiwan."
Question: Do you think you think people will actually be incentivezed to pay in IOTA? I can't see most people transacting with IOTA unless they create a new wallet.
There seems to be a lot of other good news coming out about IOTA. However, it would be great if we could start a discussion about what kind of impact the Tangle and Smart Cities can have on IOTA.
This is my first post and I would be grateful if we can start an informative and valuable discussion. Thanks for reading!
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