Three big multinationals – Volkswagen, Bosch, and Fujitsu – have collaborated with IOTA to use its Tangle Technology to automate their products and services.
Blockchain projects that offer real-life and unique value propositions have succeeded to get visibility within the global industrial community. IOTA (MIOTA) is one such project with an aim to revolutionize the IoT (Internet-of-Things) industry through its blockchain technology.
The IOTA (MOITA) project gets a big boost with its strategic industrial collaborations with three big giants – Volkswagen, Bosch, and Fujitsu. The IOTA blockchain solutions cater to several different industrial applications. This year of 2018 has proved a great one for the IOTA community in terms of growth and development.
IOTA’s Partnership With Volkswagen
At the CEBIT 2018 event, IOTA and Volkswagen together presented a new Proof-of-Concept (PoC). The PoC technology carries a futuristic vision where Volkswagen can automatically update its car system and its products. With driverless cars making faster penetration in the market, Volkswagen plans to use IOTA Tangle technology for easy transmission of data and software to the vehicles, over the radio waves.
IOTA’s collaboration with the automobile giant could certainly prove to be a game-changer in the industry.
IOTA’s Partnership With Bosch
To interact with the IOTA Tangle technology, Bosch unveiled its new sensor XDK or Cross Domain Development Kit at the end of 2017. These sensors would instantly update Bosch products with new changes thereby taking automation to a new level.