At the CEBIT 2018, the German car manufacturer Volkswagen presented a new proof of concept together with the blockchain startup IOTA. This is about the use of the tangle for secure software transfer. Do we see the future of Distributed Ledger Technology (DLT) here?
In January was reported that the IOTA Foundation and the carmaker Volkswagen entered into a kind of informal cooperation. Johann Jungwirth, the Chief Digital Officer of the Volkswagen Group, joined the IOTA team and serves as a member of the supervisory board. The plan was to work together for mutual benefit, benefitting the Foundation from Jungwirth's experience and exploring the possibilities of Tangle.
Cooperation Volkswagen - IOTA had hinted
Really surprising is the idea of a joint project so not. In the run-up to the CEBIT, which takes place this week in Hanover, Jungwirth had already published the basic features of the jointly prepared proof of concept on Twitter. With the found approach one intends to document the transmission of software over radio to vehicles with IOTA's tangle. Jungwirth calls this a "great example of how distributed ledger technology can be used in the future."
https://twitter.com/JohannJungwirth/status/1005268618890956800
- JohannJungwirth
Volkswagen wants to integrate the technology into its products. That's one way to make sure all the cars get the data they need to run certain updates and function as part of the growing digital world. This also has consequences for driverless and self-propelled, autonomous vehicles, as the industry strives for as a future model.
Distributed Ledger Technology is critical to the future of trusting transactions. IOTA has great potential to become the >market leader in DLT ,
says Jungwirth.
IOTA course is still unimpressed
In the automotive industry, this message receives much attention, as it is yet another step for the companies to make the DLT usable. On the crypto market, however, the news has not provided much growth. As a result, IOTA only increased slightly after the collective fall of 10 June on the morning of June 12, showing a 24-hour plus of two percent.
