You have probably heard of Bosch which is a 131-year old company and among the leaders in tech gadgets, appliances and a lot of different products. As of recently, Bosch has been making moves in the cryptocurrency field – and has shown big interest to go deeper into data rather than stick to the old business model and profit from its hardware.
According to Bosch, selling data is the future. That is why the company sees IOTA as a potential way to collect micropayments and information – and why they invested in IOTA in the first place. In the meantime, the city of Taipei (South Korea) is set to use IOTA too to turn the city in an app-driven smart city.
So, it is safe to say that IOTA is making moves lately – even though its data marketplace has been in the making since 2015. There are many automotive ambitions that are set in the field – and IOTA is already taking care of $10 billion worth of transactions in the ledger.
Thanks to its wireless and feeless micro-payments that are related to electric vehicle charging and parking, IOTA is growing in volume and its value will continue to grow on the open market. The future is friendly for many investors behind IOTA. A simple proof for that is the fact that the five most valuable publicly traded companies in the world rely on data as their main commodity (Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL)).
On top of that, the Internet of Things industry is growing at a rate of 28.5% annually and will be worth $267 billion by the year 2020. IOTA can be a key player in this growth and provide us with many new benefits.
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