IOTA is up huge today at over 70% and now #5 on coinmarketcap after the successful launch of the data marketplace. IOTA now sits behind Ripple (XRP), Bitcoin Cash (BCC), Ethereum (ETH), and the market leader in Bitcoin (BTC).
The reason for its recent upmove is the launch of Data marketplace.
IOTA partnered with Microsoft, Samsung and Fujitsu to develop and launch a data marketplace that allows firms to sell data on a blockchain market. It is estimated that 99% of all data collected is lost as it cannot be accessed by companies and individuals.
The IOTA project is open source. Anyone with data can list that data on the market place. Large corporations have been collecting data since the invention of the computer but to date have not had many options for turning data into revenue. The IOTA blockchain allows that data to add additional revenue to classic revenue streams.
What Next?
Considering Data is the new oil and with strong partnerships IOTA uptrend will continue and the prediction is it will reach double digit soon...
