Volkswagen announces cooperation with IOTA
Volkswagen announced its cooperation with the Berlin-based crypto start-up IOTA at the Connected World conference in Bosch. Decentralized technology could play a key role in the connected car of the future.
After the automotive supplier Bosch invested in the young crypto company IOTA last year, Volkswagen is now announcing its cooperation with the Berliners. Volkswagen CDO Johann Jungwirth explains the potential of free technology at the Bosch Connected World Conference.
In practice, IOTA could be used in new Connected Car systems, where it can protect the distribution of OTA software updates, for example. In addition, a use for MaaS solutions (Mobility-as-a-Service) is conceivable, as Jungwirth explained on Twitter.
As part of the partnership, Jungwirth will also join the Supervisory Board of the IOTA Foundation. His job will be to oversee the foundation’s annual roadmap and to advise on future cooperation between IOTA and Volkswagen. The position on the Supervisory Board also includes the approval of annual budgets and the appraisal of the IOTA Foundation’s Executive Board.
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