IOTA (MIOTA) News Update: Aim For All Automobile Companies Is Materializing

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IOTA (MIOTA) News Update: Aim For All Automobile Companies Is Materializing

IOTA (MIOTA) –The technological revolution has begun to infiltrate the world of mobility; questioning its old conservative ways and pushing for a better, more effective mode of performing operations.

IOTA projects a future where cars will be able to pay autonomously for parking, for charging their batteries, for tolls, and for any other service one could imagine, while, in order to pay for these services they will need to earn money by for example delivering items.

The desire to have a fully automated driverless driving is finally playing out as IOTA’s tangle technology avails automotive firms of this groundbreaking innovation.

Tangle and Automobility

Working out a system of softwares and algorithms that would grant automobiles the capability to be self-driven will do a lot for metropolitan civilisation as regards orderliness and resourcefulness.

Using Tangle, IOTA will ensure easy and simple, cost-effective connectivity between machines, creating decentralized MIOTA-driven machine-to-machine communication.

What this model does is to connect your vehicle to your computer system, and that way, achieve better driving performance while at the same time getting the most use out of your vehicle.

The automotive sector is one of the largest industrial sectors covering a huge portion of the yearly proceeds since every industry is using transportation vehicles regardless of the nature of their respective sectors.

Thus with IOTA already on the scene, working out the mobility of tomorrow, integrating internet of things, machine payments, and public private and corporate transportation, the platform has sustained more than enough capacity to manage the future of mobility in a smart city.

IOTA (MIOTA): Partnership is a Synergy that Cannot Be Overlooked

However, partnership between automotive firms and decentralized software companies is what will see this dream come to actualisation.

Thus, it is not without reason that the ever growing IOTA platform has thus caught the eyes of giant automobile companies such as Porsche and Volkswagen.

IOTA (MIOTA) Partnering with Porsche

IOTA’s partnership with Porsche on the Program 4 project, which was backed by platform Startup Autobahn in May 2018 is instrumental to the future of mobility. Startup Autobahn was founded by Daimler, the company behind Mercedes Benz brand, Plug and Play, University of Stuttgart, and Arena2036.

IOTA (MIOTA)Partnering with Bosch

In 2017, Bosch, an automotive supplier, invested into IOTA. This gesture spurred the interest of other automobile dealers. Consequenty, in February of the year 2018, IOTA signed a deal of partnership with Volkswagon  at the Bosch Connected World Conference.

Given its $4.6 billion dollar net worth, Robert Bosch’s investment in the IOTA tangle technology is one that augurs well for the IOTA platform. They invested largely in the platform because of the possibilities that the tangle technology can birth for automated vehicles.

IOTA (MIOTA) Partnership Yeilding Results

After Dr. Hongquan Jiangf of the Robert Bosch Venture Capital got admitted into the IOTA foundation advisory board, the Foundation also announced that Johann Jungwirth, Chief Digital Officer (CDO) of Volkswagen, is joining its Supervisory Board.

Jungwirth’s new affiliation with the foundation seemed to spell good for them as the foundation owned up to the fact that 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.

This development does not come as a surprise when it’s realised that Jungwirth was before his assignment CDO at Volkswagen in November 2015, he was the President and CEO of Mercedez-Benz Research and Development branch of North America and then the Director of Mac Systems Engineering at Apple.

IOTA Also Partnered With Audi To Examine Permissionless Mobility Ecosystem In July.

This partnership between IOTA and Bosch, Damian, Volkswagen, Porsche, and Audi portends a realistic future where interconnectivity and interoperability between computers and machines, no matter their simplicity or complexity, is possible.

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