Partnership of IOTA (MIOTA) With Porsche Through German Startup, Autobahn

IOTA (MIOTA) has had an anxious few days in the market when Tron (TRX) and Neo (NEO) had succeeded to circumvent the coin on coinmarketcap.com and according to market capitalization. The mentioned event happened on the April 30^th. Since then, IOTA has restored the seat at number 9 with a current value of $ 2.17 and a market capitalization of $ 6.033 billion at the time of writing this. Its closest competitor, TRON, has a market capitalization of $ 5,344 billion.

Since then, IOTA has strengthened some much needed partnerships to get momentum in the markets once again.

The last one is with a Porsche, well-known car manufacturer, on a project that was named Program 4. IOTA and Porsche Digital Labs will work together as a result of an earlier partnership with the German Startup, Autobahn.

IOTA has been chosen by the Autobahn startup among other technological startups to work on an innovative platform for Smart Mobility. Taking for this project as a centerpiece the IOTA technology, the future of smart vehicles and autonomous vehicles will certainly reach new tops.

IOTA News, in a May 5th tweet, made the information message that was well received by the IOTA community. Here is the tweet:

“The @PorscheLab is looking forward to work together with @iotatoken & @Porsche on a @StartupAutobahn Project. #StartupAutobahn is the ultimate innovation platform that unites tech companies with the tech expertise of #SilliconValley & the best of German engineering. #Porsche #IOTA.”

In fact IOTA is the next generation platform which is directed to connect all devices on its network to the IOTA tangle. Its General Ledger does not consist of transactions or operations grouped into blocks and stored in consecutive chains. The General Ledger is the flow of individual transactions linked together. IOTA allows for the allocation and synchronization of data registers and money in a secure, distributed, decentralized and permissionless environments.

The mentioned tangle is the missing link for the Internet all that will enable machines and people to participate in the prosperity of the new indifferent economies. The economy of the machine that the above partnerships will increase.

 

 

 

 

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