If an object like dustbin which isn’t associated
to technology can utilize this model flawlessly
then the scope of other smart devices using this
model is beyond imagination.
As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources
become a necessity. IOTA enables companies to explore new business-2-business models by making
every technological resource a potential service to be traded on an open market in real time, with no
fees. In this new autonomous Machine Economy IOTA will be the backbone. The Tangle ledger is able to
settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well
as store data from sensors and data loggers securely and verified on the ledger.