IOTA and Volkswagen, launch new concept for new tangled-based autonomous mobility
Yesterday, IOTA and Volkswagen announced a proof-of-concept that uses IOTA’s Tangle system in order to improve autonomous mobility at an expo in Germany. This new concept enables Volkswagen to use IOTA’s Tangle architecture to transfer software updates “over-the-air” as part of the car manufacturer’s new “Connected Car” systems. Volkswagen’s aim is to use Tangle to securely and use wireless means to distribute data within its developing smart car economy. Industry experts expect over 250 million connected cars to be on the road by 2020, raising the need for frequent remote software updates and transparent data access on a large scale.
According to official statements this new partnership would push for
“transparency and digital trust with customers, authorities, and third parties by using the immutable nature of the IOTA blockchain to implement software updates and, in future, provide customized services such as usage-based insurance”
According to IOTA Tangle is directed acyclic graph (DAG), a data structure that moves in one direction without looping back on itself. Just like blockchain, Tangle is a distributed ledger, in which a network of independent accounts performs transactions among themselves, reaching consensus about who owns what without depending on a centralized authority.
A recent IOTA press release states that as part of its partnership with Volkswagen, IOTA may also be integrated into a Mobility-as-a-Service (MaaS) system in the future, a development that would use its distributed ledger technology for trip planning, booking, and payment services within the smart vehicle ecosystem.
In January of this year, Volkswagen’s Chief Digital Officer (CDO), Johann Jungwirth, joined the IOTA Foundation’s Supervisory Board, saying that the IOTA platform would
“allow connected devices to digitally send money to each other in form of micro-payments, making it “useful” for the future of IoT. IOTA’s platform is notably transaction-free, which its developers have argued makes it optimal for a micro-payment infrastructure.”
“Distributed Ledger Technologies (DLT) are crucial for the future of trusted transactions. IOTA has great potential to become a DLT leader with the Tangle approach.”
The mobility industry has bet on blockchain technology, in the last few months as Crypto World Journal has reported previously with the announcement of MOBI (The Mobility Open Blockchain Initiative) a new investigative group founded by more than 30 companies, that promises to change the mobility industry – manufacturing giants BMW, GM, Ford, and Renault, as well as Bosch, Hyperledger, and IBM.
by Samuel Larreal