IOTA is designed for various applications requiring secure and scalable data and value exchange in the IoT ecosystem. Some potential use cases of IOTA are:
Micropayments
IOTA's feeless transactions are suitable for microtransactions between IoT devices, enabling the efficient and cost-effective transfer of value in applications such as smart grids, sensor networks, and autonomous machines.
Supply Chain Management
IOTA's TTS feature can track and verify the authenticity of goods in the supply chain, ensuring transparency, traceability, and accountability.
Data Marketplaces
IOTA's data anchoring capabilities enable the creation of decentralized data marketplaces where users can securely and transparently share and monetize data.
Decentralized Identity
IOTA can be used to create decentralized identity solutions that allow individuals and devices to have control over their data and privacy.