1232
11927
$268,959,068,434
$1,571,075,520,770
64%
IOTA’s headquarters created plenty of buzz in the blockchain world announcing the partnership with Volkswagen in a bid to launch fully autonomous vehicles on the market.

Following the negotiations earlier this year, IOTA impressed the big players in the automotive industry with its innovative model – the Tangle protocol.

Volkswagen and IOTA became the center of attention at CEBIT’18 with the announcement of a product release in 2019 and the publication of its Proof-of-Concept.

Through decentralized information sharing, Tangle’s implementation will allow distribution of software updates to Volkswagen’s smart cars in real time, no matter the location. It will also be the communication bridge between the driver and the car. For example, Tangle will allow drivers to check how many miles the car has driven.  

Furthermore, IOTA’s protocol will secure the cars’ software from any malicious attacks.

The flexibility of the innovative network allows its integration into a Mobility-as-a-Service system that would allow trip planning, booking, and payment services within the vehicle’s ecosystem. Such options will transform passengers travel experiences entirely.

The success of the project will be strong enough to win back customers’ interest and help VW recover from the false advertising scandal related to VW’s diesel cars emissions.

The project is also an opportunity for IOTA to become the leader in the niche of autonomous cars which is about to evolve and develop in the next decade. Experts predict that a total of 250 million cars will be connected by 2020.

Many of the big players in the industry are already shaping up concepts, models and technologies, including Porsche and a partnership between Daimler and Robert Bosch Group.

The partnership aims to launch the first ever self-driving taxis, allowing people to order an autonomous car through their smartphone. Another result of the successful implementation of the project would be higher interest towards car sharing.

At the beginning of June IOTA partnered with BMW, GM, Ford, Renault, Bosch, Hyperledger, and IBM on a Mobility Open Blockchain Initiative (MOBI) for the transport industry.  

IOTA Internet of things

Cookie Policy

Cryptobrowser.io uses cookies to enhance your experience. By continuing without changing your settings, you agree to this use. To provide the best blockchain and crypto media on the web for free, we also request your permission for our partners and us to use cookies to personalize ads. To allow this, please click "OK". Need more info? Take a look at our Cookie Policy.

OK Cookie Policy