Vision: IOTA in 10 years / Part 2

A journey into IOTA's future ...

After laying the foundations in the first part of "Vision: IOTA in 10 years", we will now start. At the beginning of the journey, first we will define our current situation. We are currently in the middle of the year 2018 and the cryptocurrency IOTA is still very young, because it was not launched until 2015 with the so-called "Genesis". However, many high-profile partnerships and projects have already been established because IOTA offers significant advantages over other crypto currencies, as described in Part 1.

Worth mentioning in this context, are the large partnerships with Bosch, Volkswagen and Fujitsu, as well as Smart City projects like Tokyo, Taipei and Haarlem. In addition, cooperation with the UN (UNOPS) and ITIC has been established. Nevertheless, we should not forget also countless smaller projects, which will be, in the future, in IOTA's Ecosystem. An example of this is the project of the WZL Aachen. All of this is quite impressive for such a young cryptocurrency.

What is it all about? If we answered with the salvation of the world, it would sound a bit too pathetic. But IOTA can help master some of the big challenges of our time: The greatest challenge is - and not only scientists agree - the fight against climate change causing natural disasters, which result in famine and poverty. However, this also means that the number of climate refugees will increase significantly in the following years. Another major problem is the increase in population in urban areas, resulting in complex problems. Connected with this is also the access to medical care. This is only a small part of the challenges we will face in the following years, but IOTA can help to find answers in the future.

We will now begin our journey by grossly discussing some areas of application that we will focus on in detail in the other parts of "Vision: IOTA in 10 years". Furthermore, the other parts will include the opinion of experts, who will write exclusively for this. In this part we would like to thank Steffen Vogt (Limo, tangleblog.com), who wrote a guest commentary for us. We hope that this research will help demonstrate the revolutionary potential of this technology for the future.

 

Guest commentary

  • Vision: IOTA in 10 years“Ten years is an eternity in terms of innovation. I’m by no means an expert in development, in IOTA’s case the backend-development, but I think I can illuminate things from a geographers perspective.History has shown, that solutions mostly follow problems – so we don’t see exotic sci-fi use-cases. The global problems we have in the next ten years are clearly due to the climate, climate refugees, health and a rapidly changing infrastructure because we can’t rely

Quote:

"The purest form of madness is to leave everything as it is and still hope that something will change"

Halting climate change means using energy smart

In order to counter climate change, people have to completely rebuild the energy system, which is still predominantly operated on a fossil fuel basis.
Across countries, countless regenerative and mostly decentralized generation plants need to be integrated into and controlled by the existing system. In order to reconcile the fluctuating feed-in of photovoltaic and wind power plants with the demand in energy, the use of digital technologies is necessary. In addition, a state-of-the-art infrastructure must be created that will enable a real-time energy industry in the future.
In a system like that, payment flows must be able to be pushed back and forth quickly and reliably with a huge data transfer. In the future, millions of producers and consumers will need to communicate in real time, sharing not only information but also digital values. All of this has to be automated, since it is not possible for people to manually execute such transactions at the moment due to time and money. And this is where IOTA comes into play. As an example, the wind turbine, as one machine must communicate quickly with the power grid, as another machine, and the electricity and grid usage need to be financed.
This can bring together energy demand and energy supply, which is the key to an intelligent energy industry. The fact that IOTA can play a part in completing these big tasks, clearly demonstrates its importance. In one of our next parts, we will be talking in detail about IOTA's future in the energy field in 10 years.

IOTA is the key to smart cities
From global perspective, cities are getting bigger. Every 16 months, the population of a city exceeds the ten million mark. This ongoing process of urbanization therefore creates challenges that need to be mastered to ensure the quality of life. Without intelligent technology, giant cities can turn into monster cities. The challenge is therefore to design the city of the future to be technologically intelligent and networked so that urban living spaces can be cleaner, safer and more stress-free.

However, IOTA can make a major contribution to another challenge in the future. According to a forecast, no later than 2050, 60 percent of humanity will be living in cities. A whole range of things are desirable to improve the quality of life in a big city. In particular, the gap between poor and rich is often incredibly large in big cities. A city of the future, an intelligent city, uses intelligent and connected technologies to simplify our daily lives. They help us to save time, use new forms of mobility and breathe cleaner air. To put it in a nutshell, Smart City technologies are working to improve the overall quality of life for their residents. Less congestion, smart homes and energy efficient use of buildings are just a few of the benefits. All of this is also necessary to guide people out of the poorer outskirts of the city and to make them aware of the Smart City project - because it can only succeed if the inhabitants take advantage of it.

Air quality, energy efficiency, urban mobility and safety – these are four of the most challenging aspects resulting from urbanization. Air pollution is one of the biggest problems in many cities, especially in emerging markets. It is important to reinvent in cities instead of just changing individual symptoms. The IT and Big Data is only one resource among others and not the sole engine of Smart Cities. Here, IOTA, which is more than just a payment system, can provide valuable services. We will deal with this in more detail in another part.

 

Energy & Smart Cities

  • Cities are getting bigger in the global context. Every 16 months, the population of a city exceeds the ten million mark. This ongoing process of urbanization therefore creates challenges that need to be mastered to ensure quality of life. Without intelligent technology, giant cities can become monster cities. The challenge is therefore to design the city of the future to be technologically intelligent and networked so that urban living spaces can be cleaner, safer and more stress-free. The opportunity: to improve the quality of life of the residents According to a forecast, no later than 2050, 60 percent of humanity will live in cities. A whole range of things are desirable to improve the quality of life in a big

  • The Paris Agreement on Climate Change, which came into force in November 2016, is essentially an agreement for the transformation of the global energy system. A complete transformation of the energy sector, which accounts for much of the global greenhouse gas emissions, is essential to achieve the agreed goals. Almost all the states of the world have committed themselves to the goals. In 2014, around 80% of the world’s primary energy was generated from fossil fuels (oil, coal, gas). In the future, global energy will be provided less on the basis of coal and oil. Economic Perspective: Use of IOTA in the energy transition There is also a turnaround in capital, meaning that capital flows are moving away from fossil

lndustrial Supply Chain as well as politics and regulation

In order to do justice to the humanity of the work as well as to the requirements of digitalisation, processes and techniques will change dramatically. The term Industry 4.0 is already much thought of. A digital value-added chain, which is used with IOTA, can be displayed in a way that process states, production steps and component properties are digitally mapped for each component in a networked value chain. With the ability of DLTs to be unchangeable and the ability to pay for IOTA's unique data streams / datasets, IOTA's Tangle provides a promising foundation for a digitally-linked value chain.

Politics will react
But as the world changes, IOTA will certainly not be spared political aspirations and regulations in the future.
Politicians around the world have set themselves the task of promoting digitization. More than 20 billion devices and machines are already networked via the Internet today - by 2030 the number will increase to around half a trillion. Digitization and networking can be an engine for growth and prosperity. The digital economy is not only a significant economic sector and important technology sector, but also a driver of the digitization of business, the workplace and society.
The process of digitization, Big Data, Industry 4.0 and IOTA applications cannot be understood as purely technical, but also as a social phenomenon, especially when I think about the situation in 10 years. How digitization affects our lives and our coexistence with others in the future is always a political issue. On one hand, this means that technology influences human behavior and thinking. On the other hand, people also influence how technology is used, what it does and how it works. The crucial question is therefore not only: What are new technologies doing to people? but also: what do people do with technologies? Therefore, it is important to emphasize that digitization with all the above characteristics affects all areas of life. It is not an isolated, virtual sphere beyond a "real" world, but integrated directly and in many ways into our lifeworld.
In the future, IOTA applications in a Big DATA system can only be successful if they respond to the needs and desires of the people who live in that system. With all mathematics, cryptology and technology around, it is always the whole system with the human to consider. In our part "Vision: IOTA in 10 years - Social Acceptance" we will talk about this topic in more detail.
In the next few parts of this research "Vision: IOTA in 10 years", we will focus on many important upheavals. There will also be experts contributing to the topic. Furthermore, in the next few parts we will publish the pictures that you have sent to the future of IOTA. You are always welcome to contribute something.

If you like this article, I would be happy to receive a donation for a coffee. Please here

Supply Chain

  • The Laboratory for Machine Tools and Production Engineering (WZL) of RWTH Aachen University is currently researching the “Internet of Production” — the core of the Industrial Internet of Things, which paves the way for a future era of production. A few weeks ago, the chief engineer of WZL’s Chair for Manufacturing Technology, Dr.-Ing. Daniel Trauth, spoke with Markus Gebhardt from the „public IOTA Project“ on the processes and visions in the use of IOTA in fineblanking. It was also agreed that the „public IOTA Project“ would continue to flank this process of

Quote:

Crypto-regulation on the G20 agenda - Mitigate risks, preserve innovation

"The technology behind the cryptosystems has the potential to promote financial inclusion."