A few weeks ago, CarVertical announced that they would be making a huge announcement that would positively impact on IOTA (MIOTA). The announcement has come, and as promised, it is a big deal for IOTA (MIOTA) investors. The announcement in question is CarVertical. City, a platform that offers drivers across the world, the perfect parking solution. This platform automatically starts and stops a car’s parking meter and ensures that the driver pays at an accurate rate, using the IOTA tangle. CarVertical aims to make this platform universally usable to all OBD devices, which gives it a good chance of growth and adoption all across the world. If this happens, then it will be a huge boost to the value of IOTA (MIOTA) in the sense that it takes it closer to the goal of high security in a decentralized environment.
That’s because the security of the IOTA tangle is premised on the number of transactions running through it. That’s why it has a COO to keep the tangle secure before the number of transactions is large enough to keep the tangle secure without the need for a centralized party. Given that CarVertical. City could have millions of transactions running through it once it gains mass adoption, it will take the IOTA (MIOTA) tangle closer to decentralization. Removal of the tangle is an integral part to the long-term growth of IOTA (MIOTA). That’s because, it will draw in more companies to adopt it, on the surety that it is a safe and trustless network, two critical components to the adoption of DLTs.\
The integration of the IOTA tangle to the CarVertical. City also opens the doors for developers to come up with other creative uses for the IOTA tangle in the automobile industry. That’s because IOTA (MIOTA) has clearly taken over the auto industry. From the automobile itself to allied industries in the auto industry, IOTA (MIOTA) is slowly getting intertwined with this industry. This is slowly creating synergies that will open up the auto industry to new use cases in the market. In the process, more applications will emerge that add to the overall demand of the IOTA tangle in this industry. This demand will play a role to the long-term value growth of IOTA (MIOTA).
With such a fast-growing use case that is slowly turning into industry domination, the value of IOTA (MIOTA) could easily hit a trillion dollar market cap in the future. That’s because with each additional use case in this market, the overall demand for IOTA increases as well. The best part is that this is not the only high profile industry that IOTA (MIOTA) is disrupting. It has also successfully disrupted all aspects of the manufacturing industry. This is thanks to Fujitsu, which is pushing IOTA in manufacturing. It produces programmable sensors that run on the IOTA tangle for applications in manufacturing. This and many other use-cases, some of which are discussed above all point to a crypto that is headed for exponential value growth going into 2019.