IOTA is part of the group of super disrupting new technologies. As we might have heard before: No Blockchain, scalable, decentralized, fast, fee-free, quantum secure, and so on. But what does it mean? Well, I think that the most exciting feature of iota is that it will enable the transactions between machines without a human intermediator.
For example, a self-driving vehicle that is carrying people to a remote city detects that one of the tires is losing pressure; this vehicle will be able to trigger a request for a tire replacement or a service to repair the tire. This request will be listened and responded by more than one provider. However, these providers could be other surrounding machines. Then providers will bet a price and service characteristics based on the distance and their own costs, so the self-driving vehicle will take the best offer based on his own criteria (not necessarily just price). Then the repair service will arrive at an agreed location to fix the tire. All of this might happen in seconds, without the need of human confirmation.
More than a year ago the main fast-foods chains started a process for re-engineering their task force to become completely automated, as well as supermarkets and other massive business. I am pretty sure that IOTA will be involved as part of this revolution. Lots of jobs will extinct and oceans of jobless people will slow down the current FIAT economy. A major change will take place a few years from now.
I already bought my MIOTAs, and I am always studying new technologies, learning how to use them and how to apply them. That is my way to keep up. What do you think about this? What would you propose? Do you think there is another chance more than being constantly studying or researching, and buying cryptocurrencies or precious metals?
Here is the whitepaper for more details:
http://www.tangleblog.com/wp-content/uploads/2016/11/IOTA_Whitepaper.pdf