The Chief Digital Officer (CDO) of Volkswagen, Johann Jungwirth reported its intend to help IOTA digital currency in the Bosch Connected World (BCW) 2018 conference as he discussed the digital mobility ecosystem.
Through digitization of car industry, Volkswagen means to accomplish the move from human drivers to self-driving vehicles. Jungwirth discussed how IOTA Volkswagen will assume a noteworthy part in transforming the automobile industry towards an overall autonomous car situation by having IoT as a base.
While discussing about this partnership, Johann Jungwirth tweeted:
“Imagine every MaaS electric self-driving vehicle as an entrepreneur with its own identity, wallet, autonomous pricing and payments for parking, charging, cleaning, maintenance, etc. I am a big believer in Distributed Ledger Technology and Decentralization Computing, esp. Tangle.”
Simply a month ago, it has been reported that the Volkswagen CDO will join the supervisory board of the IOTA foundation. Furthermore, Volkswagen will use this innovation in their cars.
As of late, there has been a great deal of FUD around the SHA-256 which is fundamentally a cryptographic hash function that creates a fixed size, unique hash.
In light of this expanding FUD, IOTA is making a move against the theories that are mis-informative. This is apparent from the foundations response to a recent tweet:
“The Next Web (TNW) is hereby blacklisted by the IOTA Foundation and we will not proceed with our planned arrangements with them. The reason for this is Mixtatiq, (who) repeated deliberate defamation through fabrication, lies and a complete mis-representation of our stances.”
IOTA likewise expressed that they are planning to get out of their beta state before the years over. This move will enable them to wind up a completely functioning foundation. In spite of the fact that there is no clearness of this happening, it can be only a speculation which is to be seen.
IOTA is a coin for the Internet of Things (IoT) that uses a new platform called Tangle as opposed to using the traditional blockchain. Tangle fundamentally makes utilization of the mathematical concept DAG i.e. Directed Acyclic Graphs.
For quite a while, IOTA market is losing its value at a quick pace, as far as its price as well as having a presence in the market. Despite the fact that it has embraced numerous strategies to gain its position back, for example, claiming Microsoft being IOTA’s accomplice to launch an IoT marketplace and later enlightening that Microsoft is just one of the members in the venture.
Strategies like these help raise IOTA digital currency prices fundamentally as occurred at the season of Microsoft situation that realized a 500 percent ascend in its prices.
With IOTA market presence being little to none, it is losing its potential, and a move like Volkswagen partnership may have the capacity to restore it back. Notwithstanding, there has been no ascent in IOTA’s price which is as of now riding on $1.78.