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IOTA Spotlight

Spotlight on IOTA

iota

WHAT IS IT?

As the internet of things keeps growing, there will also be a greater need for smart devices to communicate and share resources with each other. IOTA is seeking to become the backbone of the autonomous machine economy by making every technological resource a potential service to be traded on an open market in real time, with no fees.

WHY?

One use case is being able to lease anything with a chip in real-time. Most of our belongings stay idle for the vast majority of time that we possess ownership of it, but through IOTA a lot of these things like Appliances, Tools, Drones, eBikes etc. and resources such as computer storage, computational power, WiFi bandwidth etc. can be turned into leasing-services effortlessly.