Last week we had the opportunity to speak with some chief economists from big companies about cryptocurrencies and their use for projects. In this context, of course, we talked about IOTA applications and their evaluation. We would like to summarize the things as simple as possible and later write a somewhat detailed article about it.
A very interesting point was discussed. Before projects are implemented in large companies, a risk analysis is often carried out by the economists. At the end is the risk assessment of an investment. In the course of this, the consideration is often made as to which interest rates would generate debt financing. Of course, the level of the interest rate is closely related to the risk assessment.
Cryptocurrency projects tend to get a bad rating because the price risks over other options are extreme. For this reason, it seems purposeful to split the positive features of cryptocurrencies, which have only marginally to do with the pure payment function, in a risk assessment. Here IOTA has the well-known positive features of the Tangle:
- The transaction rate
- The scalability
- The feasibility of micropayments
- The efficiency
- The verifiable manipulation security
These can be used “without costs” and thus with little “risk”. When we go this way, the risk considerations for IOTA / Tangle applications might be not so bad in the end.
The project of a virtual fair with the Tangle Universe BETA 2.0 was also praised because it will show exactly these positive characteristics of the Tangle in numerous applications. This project will be launched in late summer. Visitors will be able to see how the positive characteristics of Tangle can be used and projects can be implemented with a reasonable risk. Working groups will deepen these things.
Due to some requests, we will expand the working groups with the topic “Space Exploration”. We appreciate any support in this project.