IOTA Localflow Plans A Radical Change On Data Economy - IOTA News and MIOTA Price. Monday, August 20
Important IOTA Cryptocurrency News
Report Seems to Favor IOTA
A recent report by Deloitte seems to favor IOTA as one of the cryptocurrency platforms that will benefit from the disruptive effects of blockchain on several industries and countries.
According to0 the Deloitte study which surveyed industries in different countries, Asia led by China is among the most adoptive region to the technology, it stated as well that Europe is adoptive to blockchain while certain industries such as mobility, biotechnology and oil and gas are likely the ones to be most disrupted by the technology.
That Germany is among the leaders in the adoption of the technology in view of their leading role in the automobile should be a cheery news to investors.
IOTA already has a partnership with the carmaker Audi and it is expected that the partnership would herald the adoption of the distributed ledger technology by automakers.
Biotech and oil and gas, the other industries reported by the study to be disrupted by the DLT are in the sights of IOTA. Qubic, a smart contract platform leverages IOTA to render feeless transactions. The application of Qubic in building IoT gives the platform an edge in the smart contract market.
IOTA Localflow Plans A Radical Change On Data Economy
The fact that user data sometimes get compromised in the centralized database has been an issue of concern for some time.
IOTA Localflow is a decentralized system that gives users and businesses control over what data they share. The emphasis is on privacy even while doing business within any locality.
In a blog post, the IOTA team described Localflow features saying, “Localflow don’t want to know who you are and what you do, because we will not make value from selling personal data, they will not be given or sold to third party companies or organizations because they are never collected in relation to a single person. Data will be used only for anonymized general statistics without possibility to relate them back to specific users.”
MIOTA/USD Price Chart, Monday August 20th:
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