The fact that Internet of Things (IoT) is taking the center stage in the daily activities of humans is no longer in doubt. Now, human inputs are getting replacements from robots and other labor forces that do not demand human control. For the cryptocurrency community, this is the best time for the values of Vechain (VET), IOTA (MIOTA), and Waltonchain (WTC) coins to increase.
The IoT Projects
VeChain (VET), IOTA (MIOTA), and Waltonchain (WTC) are the three top blockchain-based projects with the focus on IoT. There is no denying the fact that many industries would prefer their services over energy. Judging from the provisions of these coins and their blockchain perfromance, it is evident that they are in the position to effect positive changes in IoT.
Waltonchain (WTC) – Integrating IoT to Business Ecosystems
The coin named after Charles Walton is making waves. In the year 1983, Charles patented the RFID technology as a medium of merging digital value with real-world objects. That is the exact purpose behind Waltonchain (WTC) – integrating IoT services to business ecosystems.
Now, there are many willing partners that are set to collaborate with the coin. Entrue Consulting, LG, and Pantos Logistics indicated interest to partner the coin. In the same vein, Waltonchain (WTC) got adopted as the 2019 Educational Organization of the Ministry of Employment and Labor of Korea. This paves way for it to offer educational services to employees and job seekers in Korea.
VeChain is Gaining the Support of Many
After changing to the VeChain Thor (VET), the coin witnessed surges in collaborations. There were many industries willing to apply the decentralized IoT solution in their operations. There was a partnership with BYD, the leading Chinese electric car manufacturer. It seems to have a hold on China because it got the offer to serve as a traceability tool in the country’s pharmaceutical industry. In another view, VeChain (VET) has got the permission and support of Cyprus to bring the innovative blockchain solutions to the country.
IOTA (MIOTA) is “Tangling” to Limelight
On its part, IOTA (MIOTA), one of the three decentralized IoT musketeers is already “tangling” its way to the limelight. Despite being in swift competition with VeChain (VET), it is also setting records for itself. First, there was a record-breaking collaboration with Volkswagen. As it champions the cause of the cryptocurrencies, it relies on the tangle distributed ledger technology to bring the Internet of Things (IoT) to more use cases.
As the global community awaits the release of more IoT-inclined devices within the year, the focus is shifting to the decentralized world to bring them to more use cases. With their positioning, VeChain (VET), IOTA (MIOTA), and Waltonchain (WTC) are ready platforms that are willing to extend the frontiers of the blockchain to improving the interactions of users with connected devices.
Hence, it does not come as a surprise that many industries are taking the cue and are already partnering the coins for the purpose of test-running the blockchain technology and setting machinery in motion ahead of a decentralized workforce.