Yesterday, the IOTA foundation announced the addition of a new member to an already strong team. The new member is Pierre Hoffmann. Pierre has extensive experience in disruptive technologies and has worked with some of the largest companies in the world including Microsoft and Total. He is a more detailed profile of Pierre as described by the IOTA foundation.
Pierre Hoffmann is a business developer who has worked for companies such as TOTAL and Microsoft. Pierre was initially interested in Artificial Intelligence and the way it reshapes the economy, before diving into IoT & Distributed Ledger Technologies, where he has been active for more than a year. He brings his dynamism and understanding of the European ecosystem to help develop and foster IOTA’s local footprint.
From the description above, it is clear that Pierre is star addition, and will play a critical role in the overall growth of the IOTA ecosystem. One thing that stands out about him is the companies he has worked for. Microsoft and Total and global behemoths in the tech and energy industry, and Pierre could be the link that drives up the adoption of IOTA by these companies. That’s because he can leverage on his networks and relationships in these companies to pitch IOTA. Actually, this is his primary role at IOTA, since as per the IOTA foundation blog, his core task will be to bring his vision and energy helping IOTA expand across companies and various organizations to move towards a larger corporate adoption.
If he succeeds in pushing for adoption, he would help add a significant percentage to the intrinsic value of IOTA (MIOTA). That’s because adoption by large corporations would open up IOTA for adoption by entire industries. For instance, Total is one of the largest oil & gas companies in the world. As such, if it were to adopt IOTA (MIOTA) as a way of enhancing operational efficiency, its competitors would follow suit.
This could easily open up the adoption of IOTA (MIOTA) in an industry that is worth trillions of dollars. The same goes for Microsoft, which is an industry leader in the tech world. If through Pierre’s efforts and his past connections at the company Microsoft starts using IOTA (MIOTA), it could open up the adoption of IOTA (MIOTA) by other tech companies as well. It would be a huge addition to the value of IOTA, both in intrinsic value and in speculative value out of the excitement that would come with it.
With such a strong addition to an already strong team, it is clear that the long-term prospects of IOTA (MIOTA) are great. It is also clear that IOTA (MIOTA) is highly undervalued at current prices. In 2017, IOTA (MIOTA) pushed to a high of $5, when it didn’t have the team it has today or the partnerships. Considering the progress that IOTA (MIOTA) has made so far, it makes sense to postulate that it could be headed for a huge upswing in the next Bull Run and could easily do multiple times its 2017 highs.