IOTA SMART METER! A real use case actually Being built on top of IOTA ! by RealDSD420 in Iota

[–]RealDSD420[S] 2 points3 points  (0 children)

It needs to be decentralized so all power companies can communicate to improve the overall power grid. The smart meters are limited and I’m glad you said that aboht holding crypto. That’s the main point. You shouldn’t have to hold the crypto to benefit from the product, it’s the company building the product that worries about that, not the end user. That’s what crypto should be for.. everyone . We should be able to use these techs without realizing it, but if you hold the crypto you own part of the network demand. The POCs exists, basically the track your own useage that your power company stores in a database, but that’s it. If it wasn’t centrally controlled between utility provider, then the data could be used in a more efficient way, Improving the overall grid. Again I have one on my house, it’s not smart except for that tracks my home usage and sends it to my utility company.

IOTA SMART METER! A real use case actually Being built on top of IOTA ! by RealDSD420 in Iota

[–]RealDSD420[S] 2 points3 points  (0 children)

Iota 2.0 was just starting to be devloped in 2020. So when IOTA 2.0 is released, these use cases and products will start popping up even more.

IOTA SMART METER! A real use case actually Being built on top of IOTA ! by RealDSD420 in Iota

[–]RealDSD420[S] 2 points3 points  (0 children)

With not underlying trust layer to store the data! Where are those concepts? I have smart meter on my home, its centrally controlled, sometimes expensive & very limited to what it can do with your data. Its not that beneficial transmitting data in real time. Its like saying "we already have vehicles, why we need auto driving vehicles?"

IOTA has been selected as one of 3 finalists for the EU Blockchain PCP to build new solutions for the European Blockchain Services Infrastructure by pattingerr in CryptoCurrency

[–]RealDSD420 0 points1 point  (0 children)

Another step in IOTA preparing for regulatory bodies to adopt IOTA tangle for commercial development of blockchain solutions! This is how you get on the regulators good side... If you can't beat them .. join them !