Recently, Delloite released a report on blockchain technology, and from a look at, IOTA (MIOTA) definitely has a good future ahead of it. While the report does not in any way touch on IOTA, it delves deep into different industries and countries, and their potential to adopt decentralized ledger technologies.
According to the report that features surveys of top industry heads, the industries that are most likely to be disrupted by this technology are mobility, biotech, and oil and gas. The research also makes an interesting observation. While blockchain technology is global, country by country rate of adoption differs significantly. The U.S is a lagged in the potential adoption of this technology, with Asia (mostly China) being the most receptive. Europe too is adopting the tech, with German industry being one of the most receptive towards blockchain technology.
Linking the report to IOTA (MIOTA)
Any IOTA (MIOTA) investor reading this report definitely has a reason to smile. That’s because all the parameters that the report touches on are favorable to IOTA. For instance, the auto industry is one of the industries that stand to be disrupted by DLTs, and it’s one industry where IOTA (MIOTA) has a massive headstart. That’s because it is already working with some of the top automobile companies in the world, on how to leverage DLTs and shape the future of mobility. Thanks to its partnerships with companies like Audi, IOTA will definitely emerge as the tech that leads the next leap towards autonomous vehicles.
But it’s not just the automobile industry that IOTA stands to disrupt, it also has a healthy fighting chance in biotech and oil & gas. All this is the thanks to Qubic, a smart contracts platform that leverages IOTA’s feeless nature, to execute smart contracts that can make micro-transactions at zero cost. Qubic can also be used to create complex IoT applications, in a highly secure environment. For the bio-tech and oil and gas industries to fully leverage the benefits of DLTs, they will mainly look to smart contracts, and the incorporation of IoT in cutting operational costs. IOTA’s Qubic offers the best of these two aspects of DLTs, when compared to most platform blockchains. That’s because it is cheaper, and is perfectly suited for the IoT environment.
Lastly, the report touches on Germany as one of the countries that is more leaning towards blockchain technology. This gives IOTA (MIOTA) the perfect environment to develop and thrive, in a nation that is known for innovation. Besides, most industry leaders in the industry’s most likely to be disrupted by blockchain technology are in Germany. Volkswagen and Audi are German companies, and leaders, in the auto industry. In biotech global companies like Bayer are German, and who knows how things will shape up with regards to this company and the use of DLTs.
The future definitely looks bright for IOTA (MIOTA), not from the hype side, but the research, facts-based side of things.