Volkswagen Group Confirm They Will Put Blockchains On The Road

Volkswagen are becoming a popular name in the blockchain and crypto community. It is no secret that the car manufacturing giants ahed partnered with IOTA, and are researching blockchain and how it can be utilised to benefit both vehicles and the roads in general. Volkswagen (VW) confirmed earlier in the year that they are now working directly with IOTA on a proof of concept project, and now VW have just confirmed that they will be “putting blockchains on the road”.

In a recent tweet from @VWGroup they confirmed that they are “working full steam ahead on making super-safe #cryptosystems available to our customers. For filling the tank, unlocking your car – and all kinds of other possibilities”.

Volkswagen blockchain uses

Volkswagen AG is testing blockchain systems. This crypto technology offers enormous potential for maintenance, logistics, self-driving vehicles, and specialized solutions such as tamper-proof odometers.

Volkswagen is testing blockchain for many different areas of their business, in fact the automotive industry may just have the most potential use cases from blockchain technology. For example blockchain could streamline car ownership and vehicle servicing. Temper-proof odometers would revolutionise the industry as currently their is no guaranteed way of knowing that the mileage on a car is 100% legitimate. There is also vast amounts of research going into self driving vehicles and blockchain technology would certainly be implemented into this industry.

Benjamin Sinram and Nicolai Bartkowiak from Volkswagen Group IT have been exploring into blockchain concepts and the potential benefits which they have been discussing with over 300 employees.

“Blockchain technology also offers a lot of opportunities when it comes to self-driving vehicles. It can protect cars from hackers better than other technologies, and help with automatic payments at fueling stations or car washes” – Nicolai Bartkowiak

“Our contacts among the different brands enable us to work very efficiently. The atmosphere is open, and we’re happy to include interested individuals from any department” – Benjamin Sinram.

Volkswagen IOTA partnership

The world of motoring is at the cusp of being radically modernised, and the distributed ledger is here to help speed things up. Driver less technology is a fascinating use case for the IOTA data marketplace because as the cars operate in various driving conditions all around the world, every bit of sensory data can be fed into the data silos to improve both the future products of the brand, and also be sold for the right price to those who need it.

Volkswagen are working closely with IOTA, so much so that their Chief Digital Officer (CDO), Johann Jungwirth has joined the IOTA foundation’s supervisory board!

The news about the VW IOTA partnership was announced in January 2018. Jungwirth is in charge of leading Volkswagen through the inevitable digital transformation.

The Volkswagen group consists of 12 motoring brands, Lamborghini, Porsche, Bentley, Audi & Bugatti to name just a few.

The skills, connections and influence Jungwirth can bring to the German based IOTA foundation could prove to be very significant.

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By | 2018-10-01T12:45:07+00:00 October 1st, 2018|IOTA News|0 Comments

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