You may probably be living on planet Mars if you haven’t heard about the revolutionary blockchain network of our time – IOTA (MIOTA). Earlier patterned for Internet of Things (IoT), it realized that machine-to-machine communication could be a plus to the functionalities of IoT. On that note, IOTA (MIOTA) sought to reinvent machine communications using the blockchain technology and Internet of Things (IoT).
It’s worth mentioning that the network is not a new breed to the niche. Before now, it secured the collaboration of leading automobile maker, Volkswagen. This is light of its soft spot for electric cars. Now, it extends the tentacles of its impressive technologies to car charging stations.
The ElaadNL Perspective From IOTA (MIOTA)
The recent trend in the crypto-sphere specifies that crypto coins ought to collaborate with fiat enterprises to extend the tentacles of operations and further drive adoptions to the underlying digital assets.
ElaadNL is a Netherland-based enterprise and a willing partner that bought IOTA (MIOTA)’s idea of machine communication. It set up the world’s pioneer charging station in its test site located in Arnhems Buiten (formerly called the KETA Site).
Championing IOTA (MIOTA)’s course for Machine Communication
The unveiling of this charging station has many tidings for IOTA (MIOTA). It’s worth mentioning that the station doesn’t require external influence. For instance, it incorporated the IOTA (MIOTA) charging parameter alongside the charging station’s charging island and the charging lanterns.
The expectation of the teeming users who tend to bring their electric cars for charging is that the ElaadNL charging station will accept fiat currencies for payment. Instead, the IOTA (MIOTA) coin is the official payment mechanism for users who charge their cars at the station. What a way to drive massive adoptions of the coin!
IOTA (MIOTA): Security of Transactions
It won’t be out of place to posit that IOTA (MIOTA) is the lifeblood of the ElaadNL charging station. This is because of the use of the coin and its Tangle technology in the payment, charging, and recording process.
The Tangle technology takes note of the meter value of each car charged at the station and stores the value on the distributed ledger. This can come in handy in future when the user wants to track his charge and payment activities at the station.
From Electric Car Charging Stations to a Digitized World
Without a doubt, IOTA (MIOTA)’s success at this project will buoy it to take necessary steps to introduce more electric car charging stations across the globe. In addition, it’ll be looking for more prospects in the incoming digitized world that will work on the premise of the blockchain technology.
From indications, such as its strategic collaborations, IOTA (MIOTA) will make progress on its decentralized Internet of Things (IoT) and Machine-to-Machine (M2M) interactions. In the coming months, it may be considering application of its decentralized solutions pertinent sectors of the economy, including the energy sector.