IOTA has fundamentally reengineered distributed ledger technology, enabling secure exchange of both value and data, without any fees.
IOTA is the underlying technology for many ground-breaking use cases. We will discuss about some of the use cases of IOTA which can start affecting IOTA price.
Mobile and Automative
The amount of data and financial transactions that will be produced by connected mobility devices is staggering. How to securely collect, evaluate, and use this information to benefit people, cities, manufacturers, and mobility providers is a critical question in the industry today. With IOTA, data and financial transactions generated by connected mobility can be processed securely, privately, and without additional transaction fees.
Decentralized Identifiers serve as a reference to a DID Document. This document contains data such as public keys, enabling the holder to prove ownership over their personal data. Verifiable Credentials are statements about the holder. They can be verified online or in person, and the holder decides who to share them with. This framework has various use cases, including: Address Validation, Age Verification, Authority Login.
Global Trade and Supply Chain
IOTA can simplify collaboration and provide trust between traders, governments, logistics and end-consumers. Today’s trade is complex and costly, still based on paper documents, siloed data and inefficient coordination.
At every point in the supply chain data must be verified before goods exchange custody. By leveraging IOTA’s tamper-proof distributed ledger, trust can be established between actors and data integrity can be guaranteed. The result is better, faster and more cost-efficient trade.
Enabling smarter cities isn’t just about how to get access to new data. It’s about how to use and share that data in a way that benefits residents, visitors, companies and local government. IOTA opens city-data silos, giving visibility to residents over how the city is working to improve their quality of life.
Let us review IOTA Price
IOTA/USD – Price Prediction
IOTA is currently trading above the support zone of $1.64. As long as it stays above this zone, we could start seeing a move towards $2.19, $2.75, $3.32 and $3.36. Failure to hold the support at $1.64 could lead to a drop towards $1.53 and $1.27.
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