Today, U.S tariffs on more Chinese goods have come into effect, and trade worth $16 billion will be affected in both countries. In Europe, the U.K, has announced that it is ready for a Brexit that involves a “no deal” with the E.U. This means that manufacturers in both the U.K and Europe could face higher tariffs on exports in a few months. Out of all this, one thing remains consistent, manufacturing for export is about to become expensive, and manufacturing corporations will be looking to cut costs in order to remain competitive.
Enter full automation
Anyone who thought automation was taking over has not seen anything yet. Manufacturing is about to become fully automated as a way of maintaining a competitive edge. While this may spell doom for manufacturing workers, it could be what tech investors, especially those investing in IoT tech like IOTA (MIOTA) may have been waiting for, albeit unknowingly. In a manufacturing process that is completely automated and run by robots, IOTA (MIOTA) has a perfect use-case as the tool for lowering costs even further. Through the IOTA tangle, a manufacturing corporation running complex operations would find IOTA, quite useful in machine-to-machine communication in a feeless environment.
On top of that, through smart contracts that run on the IOTA Qubic, such corporations can have machines write and execute contracts further cutting on operational costs. A good example of how IOTA stands to be used in manufacturing is at Fujitsu. For some time now, Fujitsu has been using IOTA for some time now in auditing the production process, to collect data and reduce any possibility of wastage. As tariffs begin to increase costs all across the world, the scope of IOTA usage in manufacturing will grow too.
Related to manufacturing is the rise of shared-ownership automobiles across the world. As the car parts supply chain becomes more expensive due to the rise of tariffs on parts, vehicles will inadvently become more expensive too. Automobile manufacturers will have to get creative, and one option will be tokenize car ownership, where several people own a car, but without central control to it. It’s like the ride-sharing concept of Uber going to the next level, and adding value to vehicle manufacturers. Such cars require advanced automations that IOTA promises to bring to the mobility industry. IOTA is already with working with Audi and several other mobility companies, and they will over time actualize complete vehicle automation.
The best thing is that as trade wars and tariff barriers push the world more towards automation, IOTA (MIOTA) stands to gain the most as the DLT with the best use case. That’s because it already has a head start on this front, which means it stands the best chance for adoption. A growing adoption rate will serve to drive the value of IOTA (MIOTA) up by a huge margin. Its future is getting brighter by the day.