- Fujitsu is showingcasing IOTA at the Hannover Messe for the second year running
- IOTA’s tangle technology makes it better suited than blockchain for Internet of Things applications
The Hannover Messe Conference is on, and the 2019 chapter is focusing on industry 4.0 that showcases innovations such as the Internet of Things (IoT). IOTA, which is a crucial partner to Fujitsu, is participating and an expert mention may increase potential awareness for IOTA’s Tangle technology.
As per the Fujitsu page, the focus this year will be the Distributed Ledger Technology (DLT). DLT and blockchain continue to attract attention, and Hannover Messe 2019 intends to showcase the maturity level and general understanding of the market.
Demonstrate the Potential of Tracking Component
IOTA is being showcased for the second year running and Fujitsu, which intends to demonstrate its potential in tracking and data processing in supply chain management such as in Poland’s IBCS Group. It will show how IOTA’s tangle can ensure the stored data cannot be altered as proof of original components or for warranty management. Fujitsu states on their page:
“In our own research and co-creation projects with DLT and blockchain, we have identified use cases and associated advantages for the industry. One of these projects is IOTA, which we also present in our Industry 4.0 showcase.”
Hannover Messe 2019 has become a blessing to IOTA as it gives it validation as a long-term investment especially because it has seen increased adoption by leading businesses. Some of the leading companies that are partnering with IOTA besides Fujitsu include Volkswagen. As BR reported recently, IOTA has also been quite active in policy matters which had seen its figureheads making presentations alongside prominent EU figures, such as when they did a demonstration in the European parliament. This gives IOTA a better position than other DLTs when it comes to regulatory matters especially in the EU block.
IOTA is also in line with the emerging issues of the 21st century such as its involvement in projects such as IOTA Lidbot for the Taipei Smart City. All these factors point to a future where IOTA (MIOTA) will make it big in the long run irrespective of its short-term price fluctuations.
Breathe Life into Industry
By being showcased prominently in Hannover Messe 2019, there are possibilities that other companies will borrow a leaf from Fujitsu and decide to integrate IoT and especially IOTA into their businesses. Fujitsu is a brand name and by showcasing the use cases of DLTs such as IOTA’s supply chain and manufacturing they could breathe more life into the industry. This could lead to more adoption of the tangle and most likely translate to higher intrinsic value for IOTA.