IOTA Tangle

Applications and testbeds. Proof-of-concepts building on IOTA technology are being developed in the automotive and IoT industry by corporates as Jaguar Land Rover, STMicroelectronics and Bosch . IOTA is a participant in smart city testbeds, to establish digital identity, waste management and local trade of energy.

Simple. By letting stakers of IOTA tokens automatically earn their own cryptocurrency . The native IOTA coin is not subject to inflation from newly minted tokens. Therefore, the staking mechanism serves as a potential price driver for the IOTA price, provided enough participants will decide to stake their IOTA tokens.

The idea is that these devices in the future would be designed to talk to one-another, all without the need for a third-party or human intervention . This constant communication would require a micro transaction economy to power, and IOTA was created to be the ideal solution for this ecosystem.