What’s in store for IOTA in 2018?

Posted: 1 March 2018 8:30 pm

Giorgio Mandolfo of IOTA Foundation explains IOTA's plans for 2018

Interview from Blockchain Week London on 23 January 2018.

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Read the transcript:

When it comes down to IOTA, I believe 2018 will be the year where we consolidate us as the de facto standard for IoT. And in fact, our goal right now is not necessarily to go live and in production as soon as possible, but we're still in a place where we need the infrastructure. We need big companies at the core of IoT to basically embrace the protocol and then we can build on top.

For this reason, I believe 2018 will still bring us very good ideas and very good proof of concepts. Again in the auto industry, we believe that the infrastructure in terms of having partnerships with big corporations that truly want to embed this technology into their products. It does not mean yet that in 2018 we'll see the "fridge paying the toaster". Oh actually, there was a nice joke, "the vacuum cleaner paying the toaster for the bread crumbs" it created. I don't think we will see that anytime soon, but I believe we're still in infrastructure levels.

So you know, say for example government councils need to start planning their cities with this in mind. And also very big companies, just for example Porsche, you know, the idea is to get an integration such at a lower level, then all of a sudden you buy a car and you have, well, the actual consumer doesn't even know, but all of a sudden, you have IOTA embedded in your car or automatically without even knowing.

So I believe 2018 will bring us closer to this and it's an incredibly important milestone. In the meantime of course within the ecosystem, we will see proof of concepts and maybe smaller projects. But I believe definitely the IOTA Foundation is thinking about the bigger picture on a much larger scale.

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