"Such a system allows true items of commerce to be transacted almost instantly within the digital universe, limited only by the speed of the digital connection. It also permits, because of the 'trustful' nature of Distributed Ledger transactions, both control and verification of those assets as they move along the avenues of commerce in real time."
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In a world first, BitCar.io (BitCar) allows users to hold or trade digital Ethereum blockchain tokens called BITCAR, giving access to a platform where Exotics can be owned and traded in small fractions. A second level CAR token will be used as the digital asset token for the individual Exotic cars.
The amount of money spent on IoT is truly staggering as is the number of devices already deployed. By 2016, the global market for IoT sensors surpassed 600 billion USD per year, which is expected to grow to 1.2 trillion USD per year by 2019. This include the purchase, installation and maintenance of sensors and the software packages to interpret and enrich the data. By 2016, there were no fewer than 9 billion sensors deployed globally, which is expected to grow to 33 billion by 2019².
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