Between the 20th and the 22nd of July, IOTA (MIOTA) will be part of a hackathon for the mobility sector in Munich. The hackathon is all about programmers and other highly skilled techies hacking distributed ledger technologies (DLT) and other technologies geared towards the future of permissionless mobility. The hackathon will involve some of the top players in the mobility industry including BMW, Audi, Volkswagen, and Bosch among others. This presence of these players goes to show the scope of this hackathon, and how seriously the mobility industry takes decentralized ledger technologies, such as IOTA.
So what does this mean for IOTA? Well, first this hackathon goes to show that IOTA has a strong use case in the future of mobility. According to Alisa Maas, the head of mobility and automotive at the IOTA foundation, the future of transport will be clean, seamless and on-demand. Essentially this means that the future of transport in not in individuals owning cars. It’s in autonomous vehicles that a person can use on-demand. We can already see this happening in the fast-growing ride-sharing industry. In the future, this is likely to happen with autonomous vehicles running on distributed ledger technologies in a trustless environment.
IOTA (MIOTA) stands to be the technology at the center of this all this, giving it a huge case in this industry. That’s why the IOTA team is taking this hackathon seriously, and is looking to build a real-world prototype from the best ideas that will come out of this hackathon. Essentially this means that IOTA is very much part and parcel of an emerging business-model that looks set to transform the mobility industry all across the world. In the 2020s, driverless autonomous cars will be the norm, and IOTA will be the tech behind them.
From a price perspective, this makes IOTA (MIOTA) highly undervalued at its current price of under $1. That’s because it looks set to disrupt a multi-billion industry, and has the support of the biggest players in the industry. Its use case in the mobility industry also comes at a time when it is also gaining ground in creating smart cities. With an ever growing urban populations, cities are being forced to look into smart solutions, and IOTA is coming in handy in actualizing this vision. IOTA is already working with Taipei, and a few days ago, entered into a similar deal in the EU.
Essentially, this shows that IOTA is the future of humanity. It is giving solutions to problems that mankind faces in the 21st century including climate change through smart cities and clean cars. And its use case can also extent into smart manufacturing and other sectors.
In the long-run, IOTA (MIOTA) looks set to emerge as a top crypto. Its long-term potential is in the 100s of dollars a coin. A smart investors would be investing in IOTA (MIOTA) today, with a target of 5 to 10 years in the future.