Cryptocurrency
IOTA (MIOTA) To Play A Significant Role In The Automobile Industry
Earlier this year, top-tier automotive industry supplier Robert Bosch announced a $1.1bn semiconductor plant specialized in level 5 automotive technologies for the uprising unmanned-ground-vehicle scene, that it is now clear it will be part of our lives in the near future. The company looks seriously into the matter after purchasing a big “chunk” of MIOTAs, investing in the IOTA tangle technology that could be possibly used by the automated vehicles.
Bosch and Daimler are joining forces to advance the development of fully automated and driverless driving. The two companies have entered into a development agreement to bring fully automated (SAE Level 4) and driverless (SAE Level 5) driving to urban roads by the beginning of the next decade. The objective is to develop software and algorithms for an autonomous driving system. The project combines the total vehicle expertise of the world’s leading premium manufacturer with the system and hardware expertise of the world’s biggest supplier. The ensuing synergies should ensure the earliest possible series introduction of the security technology.
By introducing fully automated and driverless driving to the urban environment, Bosch and Daimler aim to improve the flow of traffic in cities, enhance safety on the road and provide an important building block for the way traffic will work in the future. The technology will, among other things, boost the attraction of car sharing. It will allow people to make the best possible use of their time in the vehicle and open up new mobility opportunities for people without a driver’s license, for example. The prime objective of the project is to achieve the production-ready development of a driving system which will allow cars to drive fully autonomously in the city. The idea behind it is that the vehicle should come to the driver rather than the other way round. Within a specified area of town, customers will be able to order an automated shared car via their smartphone. The vehicle will then make its way autonomously to the user and the onward journey can commence. IOTA (MIOTA) could be the solution behind the microtransactions made by the automated vehicles and the hand-held devices of the respective customers.
If you just joined the wave, IOTA Foundation is a German non-profit organization based in Berlin and it’s the first distributed ledger technology (blockchain) organization in Germany approved by the government.
Yesterday the Foundation announced that Johann Jungwirth, Chief Digital Officer (CDO) of Volkswagen, is joining the Foundation’s Supervisory Board after the recent acquisition of Dr. Hongquan Jiang, Partner at Robert Robert Bosch Venture Capital to the Iota Foundation Advisory Board.
Mr. Jungwirth has been the CDO at Volkswagen since November 2015 where he has been responsible for the digital transformation of VW Group’s brands including Porsche, Audi, Bentley, Bugatti, and Lamborghini, among other automobile titans under Volkswagen’s wings. Besides Volkswagen, Mr. Jungwirth worked as the Director of Mac Systems Engineering at Apple and before that he was the President and CEO of Mercedez-Benz Research and Development branch of North America.
The IOTA Foundation says Mr. Jungwirth’s broad expertise and vision of the future of mobility would help the foundation to bring the technology to market faster and enable new business models and applications surrounding the Internet Of Things (IoT).
As time passes and while everyone keeps spreading FUD against IOTA, in a desperate attempt to suppress its ‘standalone level’ of innovation when it comes to blockchain technology, we can clearly see that the only company that actually keeps working on their project, establishing heavy connections in the industrial sector and upgrading their network consistently is IOTA.
The automotive sector is one of the largest industrial sectors covering a huge portion of the annual returns since every industry is using transportation vehicles regardless of the nature of their respective sector(s).
IOTA is already close to the biggest players in the scene, working on the mobility of tomorrow, integrating IoT, Machine Payments, Public, Private and Corporate Transportation all into one platform.
Let me know your thoughts on the matter in the comments below.
Reporting for The Independent Republic, Ross Peili