IOTA Cryptocurrency’s Top 6 Most Beneficial and Promising Partnerships
The world of cryptos and blockchain technology, as advanced as it is, still requires partnerships with established and reputable companies in order to survive and develop further. The investors and consumers need to know that the project is valid, and what better way is there to reassure them than to partner up with a big firm that already has users around the world?
This is why numerous cryptocurrencies are aiming to get as many new partners as possible, IOTA included. In fact, IOTA has been working extremely hard on making new friends and has already entered into partnerships with some of the largest firms from around the globe. We have prepared the list of six of the biggest partners to IOTA, that have the largest potential to help this project grow and reach the next level.
IOTA's 6 Most Beneficial Partnerships
1. Partnership With Luxoft And St. Petersburg Polytechnic
Luxoft is a known software giant, and the fact that IOTA managed to enter into a partnership with this firm has been a huge deal for the project. Their collaboration has a goal of optimizing IOTA's Tangle protocol. If the two manage to uncover additional features along that way — even better.
The partnership with Luxoft also allows IOTA to become closer to St. Petersburg Polytechnic University. This is one of a handful of such institutions, with a strong focus on IOTA at this moment, which can only benefit the project further.
2. Partnership With Innogy
Next, we have Innogy Innovation Hub, which is a known energy firm that is exploring IOTA's tech in order to find a way to unlock the so-called Machine Economy. This approach has a potential to transform pretty much any component into a machine that would be economically independent.
This is an important project since it will significantly advance the development of this ecosystem, even though it might not create any real products for regular consumers to enjoy in.
3. Partnership With Alpha Venturi
Blockchain technology has already proven to have a potential to revolutionize the healthcare industry, and Alpha Venturi became very much interested in exploring and expanding this possibility. They allied themselves with IOTA in order to create a new research network that would be based on distributed ledger tech.
Obviously, this is a long-term project that will involve a lot of effort and a lot of time. However, if successful, the advantages of combining medical records with blockchain technology may forever change the way healthcare providers work.
4. Partnership With SatoshiPay
It is always useful for a crypto-focused micropayment system to add more cryptos to its list of partners. While collaborations are crucial for pretty much any industry, they are nothing less than essential for cryptocurrencies. This is why SatoshiPay decided to distance itself from Bitcoin and try to find a more scalable solution.
IOTA was the obvious choice at this point, especially since the costs of using IOTA's technology are much lower than that of BTC. Many would also argue that IOTA is much more efficient, which might be why SatoshiPay made the choice to go for this project instead of BTC.
5. Partnership With Evernym
As the technology progresses, the online identity systems have seen a massive increase in popularity. Just imagine how convenient would it be if you could have one unified identity that can be used on numerous platforms and services without extra steps and complicated processes.
This is what IOTA wants to achieve through its partnership with Evernym. Through the use of Tangle technology, the two are planning to create a completely new system for digital identity. While the project will take a lot of time, the end result will be more than worth the wait.
6. Partnership With VW
Finally, we have IOTA's biggest achievement regarding partnerships to this day, which is its collaboration with Volkswagen.
The carmaker has developed a pretty big interest in IoT and blockchain technologies, and IOTA is the perfect way of reaching the best aspects of the both of these worlds. Obviously, VW did not need to hear anything more than that, and the partnership was established as quickly as possible.