You have probably heard of Bosch which is a 131-year old company and among the leaders in tech gadgets, appliances and a lot of different products. As of recently, Bosch has been making moves in the cryptocurrency field – and has shown big interest to go deeper into data rather than stick to the old business model and profit from its hardware.
According to Bosch, selling data is the future. That is why the company sees IOTA as a potential way to collect micropayments and information – and why they invested in IOTA in the first place. In the meantime, the city of Taipei (South Korea) is set to use IOTA too to turn the city in an app-driven smart city.
So, it is safe to say that IOTA is making moves lately – even though its data marketplace has been in the making since 2015. There are many automotive ambitions that are set in the field – and IOTA is already taking care of $10 billion worth of transactions in the ledger.
Thanks to its wireless and feeless micro-payments that are related to electric vehicle charging and parking, IOTA is growing in volume and its value will continue to grow on the open market. The future is friendly for many investors behind IOTA. A simple proof for that is the fact that the five most valuable publicly traded companies in the world rely on data as their main commodity (Amazon, Apple, Facebook, Microsoft and Google).
On top of that, the Internet of Things industry is growing at a rate of 28.5% annually and will be worth $267 billion by the year 2020. IOTA can be a key player in this growth and provide us with many new benefits.
Justin Sun Proves Crypto Is Not A Scam By Hiring A Former SEC Official
“We’re ready to fully embrace regulation here. We’ve just hired our first head of compliance, who previously worked for the SEC for almost eight years.”TRON’s founder wants to make sure that TRON is fully regulated in the United States but also Korea and Japan. He made a point that Blockchain is a like a new operating system and that the worlds need to embrace it and be more optimistic towards regulation. He continued saying:
‘’The SEC, I think also sees the blockchain as good opportunity for innovation in the United States. I’m hoping that this year the SEC will license and regulate coin-based exchanges. This year will be the year of full regulation.’’One of the ways that Sun can make blockchain mainstream is by launching the BitTorrent Token on the Binance Launchapd. BitTorrent is a file sharing protocol that serves 100 million users in more than 130 countries. Sun acquired BitTorrent for $126 million last year. However, former chief strategy officer Simon Morris of BitTorrent said that there is no possible way for the TRON blockchain to be able to handle the transactions conducted on BitTorrent’s network but at the end, he ended up being dismissed as an incompetent employee.
UN Thinks Bitcoin & Crypto Are “The New Frontiers” In Finance, Focusing On Ripple And IOTa
“Cryptocurrencies represent a new frontier in digital finance and their popularity is growing. The decentralized networks for cryptocurrencies, bitcoin being a well-known example, can keep track of digital transactions. They enable value to be exchanged and can give rise to new business models which would otherwise require significant regulatory and institutional commitments." the report states.According to the UN, blockchain and crypto have many use cases. As it is explained in the document:
"For example, a value token called ClimateCoin is being considered as a basis for creating a global market for carbon emissions, allowing peer-to-peer exchange of carbon credits and a direct connection with the Internet of Things. It would then be possible for devices to calculate their own carbon emissions and purchase carbon credits to offset those emissions."The document also focuses on innovation and how it comes from inherent trust, citing that "the innovativeness of this system lies in the way in which the various parts combine to create the trust and guarantees that the traditional financial system derives from institutions and regulation."
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