Pay-per-use / pay-per-x is also becoming increasingly popular in the industry.
The trend is moving away from the purchase of individual devices to payment after actual use.
With Espiota, this trend can also be realised in the industrial sector.
Autonomous devices, e.g. an industrial cleaning robot / cleaning machine, can be controlled by Espiota and paid for according to exact consumption or exact usage time.
Since transactions via the IOTA Tangle network are free of charge and no middleman interacts, this is a cost efficient solution.
With the possibility of IOTA microtransactions, completely new billing and payment models can be realized.
For example, with fractions of a cent, the exact consumption can be paid for as accurately as never before.