IOTA partners with CarVertical to take over Auto industry, Tangle aims at World Domination

IOTA has announced another partnership today. This time its with CarVertical aims to use DLT to provide car and prospective buyers with up to date car data including odometer readings and accident history. This would make scams in used car sales a thing of the past if implemented correctly. This would dominate the used car industry and could indeed become a standard. IOTA already has large auto partners is BOSCH and Volkswagen and could be critical in future supply chain management for the car industry. Now it is using IoT and DLT to get inroads into insurance and the used car sales market as well. Furthermore, its tangle architecture adoption into Fujitsu and Taipei 1 signals that it is moving into every market possible and soon may be planning on world domination.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s