The debut of IOTA (MIOTA) into the world of automobiles was met with some nervousness after the IOTA (MIOTA) Foundation published a paper titled “IOTA (MIOTA) Feasibility and Perspectives for Enabling Vehicular Applications.” IOTA (MIOTA) holders, as well as the fans of the digital currency, had a couple of uncertainties about the digital currency which has been experiencing a downward movement in the last two weeks.
Comments From Some IOTA (MIOTA) Enthusiasts
A Reddit user by name LeonBep said that “he wishes the IOTA Foundation would do something about the value and adoption of the coin, rather than focusing only on the automobile industry.”
Another user with name Tommy Yuo said, “He doesn’t really understand why people are so pissed, adding that the Internet of Things has to take place one day or another. He concluded by saying the partnerships of the firm is definitely a great news.”
IOTA (MIOTA) Price Today – MIOTA / USD
At the time of writing, IOTA (MIOTA) is trading at 54 cents after losing about 6 percent of its value over the past twenty-four hours. The current market cap of the digital currency is $1.49 billion and its trading volume over the past twenty-four hours is $25.79 million.
The research paper that the IOTA Foundation released basically entails plans to integrate the up and coming automated car industry with digital currency and blockchain technology. The motive behind this integration is to build a network of functioning digital entities, which are all linked to the Internet of Things (IoT).
According to reports, the Foundation has been venturing into the development of different kinds of privacy architectures, all driven by the Internet of Things. This use case was also used by Fujitsu – with the Japan-based behemoth integrating the protocol of IOTA (MIOTA) with its developmental procedures.
The rampant march of the blockchain project to establish the Internet of Things as a fundamental foundation of the digital age came to life when the digital currency firm partnered with ENGIE Lab Crigen. ENGIE is known for its projects in the energy and gas resources space – a field that IOTA (MIOTA) aims to tap.