Post
Topic
Board Altcoin Discussion
Topic OP
Ideas for Iota usecases?
by
BTCDDev
on 01/12/2015, 01:01:26 UTC
Hi,

As you may have heard, Iota is being touted as the coin for the Internet-of-Things.

http://www.iotatoken.com/
https://bitcointalk.org/index.php?topic=1216479.0

Since it doesn't use a blockchain data structure, and instead is using a directed acyclic graph where each individual transaction is receiving proof of work instead of in batches, it promises to vastly reduce the hardware necessary for making transactions.

According to Legendary lead developer Come-From-Beyond, once peers are established, a simple node will only need 16 KB to send/receive funds.

I figured I would make this thread to discuss possible uses for this technology. It is being targeted for release at Christmas, and they seem to be sticking with that deadline.

I have met some IoT entrepreneurs, for example, who have worked on creating wireless IoT toothbrushes. I am thinking that Iota could be perfect for ordering replacements with the simple click of a button. Perhaps the toothbrush could have some charging station, and you can easily order replacement toothpaste, floss, etc. very quickly and efficiently.

I think that there can be some massive profits involved with anyone who sets up a payment gateway to convert Iota on the fly.

Any other ideas?