In the latest update on the IOTA Twitter page, is announced that IOTA (MIOTA) and Porsche Digital Labs partnered to develop “Program 4”, a new project conceived by Startup Autobahn.
Startup Autobahn is an entrepreneurial business that was founded in May 2016. The firm was created by Daimler, Plug and Play, University of Stuttgart, and Arena2036. In the meantime, it has employed 9 new enterprises and has been responsible for numerous projects concerning the renewal and the future of transportation. Startup Autobahn intends to unveil its plans at the forthcoming Expo Day in July 2018.
Even more, Startup Autobahn successfully introduced IOTA (MIOTA), Porsche and several other technology start-ups to create a smart transportation platform for innovation. In February, Porsche began a trial run regarding this new blockchain technology in the vehicles industry. Blockchain technology delivers a safer network and enhances automobiles licensing.
The IOTA (MIOTA) partnership with Porsche in the development of blockchain technology for smart transportation will help the crypto in the long-run
IOTA is a pioneering organization that runs an open source ledger that allows secure transactions and data transfers between the technologies within the Internet of Things (IoT). IOTA is renowned for cleverly using DAG instead of the blockchain that causes it to be exponential. IOTA provides free transactions no matter how large the data and transaction are.
The IOTA (MIOTA) cryptocurrency is, at the moment, the 9th crypto coin in the world. IOTA (MIOTA) holds a market capitalization of $6.4 billion with an outstanding supply volume of $113 million. At the moment of this publication, the IOTA (MIOTA) trades at $2.28, as the coin dropped by about 2.6% in the last 24 hours.
Just 3 day ago, on May 3rd, IOTA (MIOTA) soared to $2.65, its maximum level reached in the last 4 months. During that day, MIOTA’s market capitalization had hit the $7.3 billion level.
Now, that IOTA (MIOTA) works with Porsche to the “Program 4” blockchain technology for smart transportation, within Startup Autobahn, MIOTA value might increase in the long-run.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.