CarVertical is one of most interesting projects out there. Though it still ranks lowly on market cap, at position 451, it has a very strong use case. The project aims to leverage on DLTs to give car owners an opportunity to access authentic car data, ranging from odometer readings to a car’s accident history. However, the reason why this project is in the limelight at this moment is that, they are working on something that will surprise both CarVertical investors and IOTA (MIOTA) investors. Take a look at their tweet below.
This announcement has created lots of excitement in the IOTA community, because IOTA already has big things happening in the automobile industries. For instance IOTA (MIOTA) is in partnerships with some of the largest carmakers in the world such as Audi and Volkswagen. It is widely expected that IOTA (MIOTA) will lead the way in opening up the automobile industry, by unlocking up new avenues of value for this industry. Recently Biotasphere demonstrated how IOTA (MIOTA) could be applied making the car insurance industry more streamlined, by providing real-time driving data to insurers.
As such, if CarVertical makes a significant announcement with regards to IOTA (MIOTA) it could have a huge impact on the value of IOTA (MIOTA). Whatever announcement CarVertical makes, it will be a welcome addition to a crypto that is already on the move. That’s because even outside of the car industry, IOTA (MIOTA) stands to transform different industries.
One such industry is manufacturing. IOTA (MIOTA) is making in-roads in the manufacturing industry, with partnerships with companies like Fujitsu. That’s a big deal because manufacturing is pretty much fully automated at this point, and the next step is making those processes even more efficient and smarter, and IOTA looks set to be at the center of this whole process. Fujitsu already has programmable sensors that if adopted, will open up the adoption of IOTA (MIOTA) in the manufacturing industry all across the world.
Of course, IOTA (MIOTA) also stands to gain in adoption as a currency. In the race to crypto adoption as currencies, IOTA (MIOTA) has an edge over most other cryptocurrencies. That’s because IOTA like a few other cryptocurrencies have a big edge, in that they are feeless. The ability to send value over the internet at zero fees will play a huge role in pushing up the usage of IOTA (MIOTA) in the future. It runs on DAG technology, a technology that seems to be gaining traction as superior technology to blockchain technology. This technology is getting mentions in several key platforms including in a report by the World Trade Organization (WTO). Therefore, as this technology gains traction, IOTA (MIOTA) could emerge as one of the best cryptos. It is feeless and fast, two fundamentals that will play a huge role in mass adoption going into the future.
The future of IOTA (MIOTA) is great, and with its fast growing use-case, it could become a top 3 crypto in the near future. The fundamentals are right, and the publicity is growing.