Volkswagen IOTA Partnership – Proof of Concept

IOTA are not short of some big name partnerships. One of the most notable IOTA partnerships is the Volkswagen IOTA partnership. Well in even bigger news, Johann Jungwirth, the Chief Digital Officer of Volkswagen has announced a collaborative effort between IOTA and VW, to provide proof of concept that demonstrates the future of distributed ledger technology in the automotive industry.

Proof of concept announcement

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 | 2018-06-12T13:12:41+00:00 June 11th, 2018|Cryptocurrency News|0 Comments

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