IOTA Partners with Taiwan Captial City Taipei to Build Smart City

in crypto •  7 years ago 

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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