Maine34Rx
Maine34Rx
Jul 25, 2017 · 1 min read

Great read Martin. From what I’ve read and researched on my own, I believe that IOTA’s technology has the potential to be a game changer with respects to micro-transactions. You hear so much talk about how revolutionary the “Blockchain” technology is, but the applications for IOTA seems almost limitless. I think this tech, if it catches on, will have the greatest impact on human-2-machine (H2M) and machine-2-machine (M2M) connectivity. This is going to be Bitcoin’s kryptonite with respects to retail use and could make Ethereum sweat with respects to smart contracts. I’m still trying to wrap my head around their “block-chainless” technology, called the Tangle. The more I learn about IOTA……the more I keep thinking to myself that they could even give the folks at Ripple a run for their money if IOTA was not solely focused on interoperability and connectivity between H2M and M2M. I guess I would say that initial scalability and adoption will most likely be key issues for IOTA as the technology requires a pretty robust and solid infrastructure to be in place since each transaction is responsible for confirming 2 transactions in the Tangle prior to execution. However, the same can be said of most blockchain fintechs for example, before the XRP ledger can be utilized to its true potential, Ripple needs a substantial adoption of XRP by banks. At-any-rate, this is definitely one fintech that is on my radar.