The IOTA news today are geared towards the open distributed ledger technology that this network is adopting – and how revolutionary it may be in the future. In times when there is a manufacturing revolution happening, IOTA can radically change many processes and integrate the power of Internet of Things (IoT) with its open distributed ledger technology.
With this, IOTA has a massive potential to begin a completely new era of manufacturing excellence and take the operating efficiency to a whole new level. As an open source distributed ledger, IOTA can radically change the manufacturing industry – and it is apparently trying to do that for a while now.
The ledger found in IOTA’s network allows seamless sharing of the data between different Internet devices. This, un turn, helps automating the processes in the manufacturing industry and is known as one of the most sophisticated ways of sharing the data to automate manufacturing and something that is expected to manifold the capability of computer numerical control (CNC) technology.
Among the most important technology components, the two at which IOTA is geared include data integrity and feeless micro-transactions. While the first one ensures that the data is shared in a secure manner, the second component of the process helps in attaining real-time data transfer between devices connected through the Internet. Both of the aspects are equally important as the absence of any one of the components may lead to a problematic situation. The mishandling of data or operation delay can also lead to a decline in efficiency. This is why and how IOTA can radically optimize the machine-to-machine communication in a seamless manner.
What makes this technology even more impressive is the fact that IOTA allows self optimization in the manufacturing operations. This may lead to even more gains on operational efficiency and decrease the repair and maintenance cost structure associated with the factory. All in all, IOTA can radically transform the future of manufacturing around the globe and the IOTA Foundation seems to have started taking advantage of this.
Meanwhile, the latest cryptocurrency news show that IOTA’s token MIOTA is down by 0.84% today and trading at a price of $0.27.
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