Latest Internet of Things (IoT) Adoption Fueling Big Opportunities in Lucrative Blockchain Industries

PALM BEACH, Florida, August 2, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The Internet of Things (IoT) could potentially be the key to unlocking the Blockchain potential, as recent developments figure to aid in making digital currencies more practical and easier to use in real world markets. The Applications of IoT in the Cryptocurrency landscape range from simple transaction methods to more efficiently mining coins and other currencies. The IoT market is well positioned to make an impact in this field, as a study by McKinsey estimates the market will be worth $581 billion within the next two years. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC: GOPH), Pareteum Corporation (NYSE: TEUM), Glance Technologies Inc. (OTC: GLNNF) (CSE: GET), MGT Capital Investments Inc. (OTC: MGTI), NXT-ID Inc. (NASDAQ: NXTD).

Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence, enabling mobile technologies, is working to integrate its Guardian Patch radio technology within its digital coin Blockchain system. Gopher recently was granted its Guardian Patch patent and filed a non-provisional patent for its cryptocurrency system. As previously disclosed, Gopher's exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency as announced on June 19, 2018 - https://www.otcmarkets.com/stock/GOPH/news/Gopher-Protocols-Exclusive-Licensor-Files-Patent-Covering-Proprietary-GRC-Blockchain-Based-Radio-Generated-Digital-Curre?id=195811

The Guardian Patch system is using Gopher's proprietary radio system in order to achieve long distance data exchanges (i.e. transactions). According to the patent, the device's radio system is designed to consist of advanced methods providing for a global communication system for tracking purposes. The GRC, which is designed to be a new generation of cryptocurrency, will be using the Guardian Patch System in order to perform transactions and operations. In this way each Guardian Patch user will have the option to use the GRC when utilizing the Guardian Patch.