In some positive news today, we see some more big announcements coming from IOTA that promise to really cement its future as a top ten cryptocurrency. As it stands, IOTA is currently ranked ninth for market capitalisation on Coinmarketcap.com with a market capitalisation of $4,867,346,660.00. Recently, TRON did replace IOTA in ninth place, however IOTA proved its worth, ensuring that the TRON reign was only short lived. At the time of writing, IOTA is valued at $1.75 and is down 8.56%. This bleak view has been caused by an overall market decline that has crippled many major cryptocurrencies. Values have been drained and frankly a lot of hope has been lost. As this is a market-wide problem however, we have to look past this misery and look at how the future will allow currencies to recover from this. Soon enough, IOTA will be back on track towards $3.00.
This new partnership announcement sees IOTA working alongside Kontakt.io, a location sharing service that is designed to enable secure sales and a platform for secure sharing of data. You can see more about Kontakt.io and the IOTA partnership, here- https://kontakt.io/blog/iota-will-power-kontakt-ios-location-solution-enable-secure-sale-sharing-telemetry-data/?utm_campaign=IOTA&utm_content=71615488&utm_medium=social&utm_source=twitter According to the blog post on the Kontakt.io website:
For next-generation security, #IoT needs #blockchain. We're thrilled to announce our partnership with @iotatoken to enable tamper-proof readings of smart sensor data! Learn what this means for condition monitoring in #Healthcare and #SupplyChain https://t.co/r5O5dLSXRC #IOTA #DLTâ kontakt.io (@kontakt_io) May 17, 2018
âBy leveraging mechanisms of Distributed Ledger Technology, the Kontakt.io and IOTA solution is going to ensure that device-to-device and device-to-cloud communication of telemetry streams is encrypted and the data itself is unalterable. Manufacturers, carriers, inspectors, technology providers, and consumers alike will benefit from this technology. It will increase trust and transparency, ease dispute resolution, result in better compliance breach detection, and consequently prevent faulty products from being delivered to consumers.âThis moves towards securing the future for IOTA simply because it is evidence of yet another partnership with a long-term use for the IOTA Ecosystem. Of course, this itself is unlikely to cause the value of IOTA to skyrocket, that will come when the markets balance out. Overall though, through coupling with Kontakt.io, IOTA are securing their position within the upcoming âInternet of Thingsâ. The implications of this will go on to benefit the health care sector and major clients of Kontakt.io, introducing more new companies to the ever growing and ever expanding IOTA ecosystem.