Iota (MIOTA) is expanding its reach with the various partnerships. The advantage of Iota (MIOTA) is that it is building a blockchain-based platform which will allow companies to buy data directly from the consumers. This data will be harvested from a wide variety of sensors as well as devices which are connected using the Internet of things protocol. That is why the market for such data is pretty huge. Recently, it made a partnership which allowed it to step into the energy sector.
Iota (MIOTA) steps into the energy sector:
At the same point in time, the entire network will be scalable which will mean that the distributor can use it on a national scale without any problem at all. According to Energient, there is plenty of potential in IoT. It is actually the future. With the help of IoT, there will be negligible inefficiencies if the energy sector. Moreover, the tangle technology of iota (MIOTA) increases the energy efficiency manifold.
Moreover, since it allows the tracking of each and every device and each and every consumer, the power distribution can be made more efficient. There will be a reduction in the losses in the power distribution network. Moreover, with proper tracking, it will be easier for the distributor to predict the amount of power which will be needed as well.
With this tie-up, iota (MIOTA) steps into the energy field. If this experiment is indeed successful, it will be a role model for the other power distribution companies as well. When that happens, it will be easier for iota (MIOTA) to gain more traction as well. As a result, iota (MIOTA) can offer its blockchain to other power distributors as well. When that finally happens, the number of tieups which it can gain from a wide variety of different companies will increase significantly. It will not just benefit the blockchain industry but also iota (MIOTA) investors.