IOTA partners with Volkswagen to show off a new proof of concept at Cebit 2018

Johann Jungwirth, who is the Chief Digital Officer at Volkswagen’s has declared that a joint effort between IOTA and Volkswagen will show off a new proof-of-concept initiative at Cebit 2018.

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The theory will demonstrate using Tangle technologies to supply over-the-air applications updates to vehicles that are connected as part of IOTA’s bid to induce an autonomous system market where devices can communicate and transact together.

Slated as showcase substance for Tuesday, June 12th, the demonstration intends to depict the way an over-the-air upgrade would operate via an immutable storage medium and audit trail, and might emphasize how IOTA technology could be implemented into legacy applications systems.

“””Volkswagen, together with @iotatoken will show at #cebit18 a proof of concept how the trusted transfer of software over-the-air to vehicles can be securely documented using the #tangle.”””
— Johann Jungwirth (@JohannJungwirth) June 9, 2018

The demonstration will highlight IOTA’s bid to introduce itself as an attractive choice for auto-manufacturers trying to provide secure updates for their vehicles together with transparency access to audit trails. Volkswagen and IOTA forecast that by 2020, over 250 million joined vehicles will have brought to the street.

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Beyond providing software upgrades, Jungwirth emphasized that IOTA provided several advantages to this Volkswagen brand — such as the capacity to help in any product recalls in addition to record statistical records. As an extra opportunity, the two brands noted that the possible usage of IOTA’s Tangle technologies in creating items like usage-based insurance.

IOTA and Volkswagen aren’t the only parties demonstrating curiosity about courtship. Before this season, BMW partnered with VeChain to execute blockchain engineering in its supply chain management procedure.
In the same way, Porsche has analyzed blockchain-powered consumer authentication for passengers trying to board vehicles, while Daimler (that the marque supporting Mercedez-Benz) has surfaced MobiCoin — a blockchain-based driving rewards program.

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Author: CryptoCrimsonStaff
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