Cryptocurrency

IOTA’s Latest Partnerships Could Take it to New Heights : Here is What We Think

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Let us know what IOTA is

IOTA is a crypto technology which is dedicated to make a better future for the Internet of Things (IoT). Unlike other new-age cryptographic technology, IOTA runs on the Tangle technology. This allows the transactions to be free and that too with unlimited scalability. MIOTA wants to be a currency which would interact with smart machines in the near future. IOTA entered the crypto market in 2015, and since then it has gathered a lot of support.

Big names like Audi, Microsoft, BOSCH and a few more are associated with IOTA. When these associations came into existence, the MIOTA prices witnessed a tremendous high. In December 2017, when the market head about the collaboration of IOTA with Microsoft, for the first time, the value of MIOTA was up by 500%.

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This year also, IOTA has undertaken some great collaboration. Though the year was started with a bearish market trend, many new ventures kept coming, and new ideas were getting injected into the market across the world. Here are a few partnerships of IOTA which showed good progress:

IBCS Group

IOTA started its new year with the declaration of joining hands with IBCS Group on January 8, 2019. IBCS would be using Tangle innovation to be able to track and trace Supply Chain Solutions. Tangle technology will help the company to gather and share on logistics carriers.

The director of IBCS Group said the following about the partnership:

“We first developed the IOTA Powered solution in Poland, but the next step is to expand to our other countries across Central Europe. Ultimately, our goal is to provide all IBCS Group customers with a better understanding of where key assets exist in the supply chain, driving greater efficiency and strategic management of their assets.”

Crypto Storage AG

Crypto Storage AG and IOTA signed a partnership deal with a motto of offering an efficient storage facility to all those who are using and holding MIOTA crypto coins. This partnership was revealed on 9th January this year. With this partnership, Crypto Storage AG has become the first ever crypto storage platform offering multi-signature solutions for MIOTA tokens stored in a huge volume.

The CEO of Crypto Storage AG said the following in his public statement:

“Crypto Storage AG is proud to support the IOTA platform with our top-tier infrastructure, as we see rising demand with our clients and IOTA’s industry partners to enable the IOTA token without compromising on security.”

Energinet

Energinet signed an MoU with the IOTA as the company wishes to experiment with the unique Tangle technology of IOTA. It was taken place on 30th January this year. Energinet would be using IOTA technology in its energy market sector.

Nova

On February 18, IOTA revealed its partnership with Nova to allow upcoming tech entrepreneurs to grow, built and develop a new business utilizing IOTA.

The top level executive (involved in the matter) at Nova expressed his thoughts on the partnership by saying the following:

“We want to make sure that IOTA entrepreneurs have the best possible chance of success. Some of the most exciting technological developments of our time are fueled by IOTA technology, and we’re looking forward to playing a part in bringing some of those ideas to market.”

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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