Bosch Intends to Adopt IOTA

One of the leading engineering companies is going to try out IOTA for autonomous cars project
12 February 2018   1072

Sarah Nizze, Bosch’ manager of IoT marketing, announced on Twitter that the engineering company is going to adopt IOTA in their plans for autonomous vehicle development.

This news comes as Bosch opens its first IoT hackathon of the year in Berlin, on February 20-22 with five hack challenges. One of them is focusing on autonomous vehicle market.

Last year Bosh reported that it has partnered with electromotive specialist Tesla to produce the first self-driving car.

Bosch officials believe that IOTA’s data marketplace will provide the basis for autonomous vehicles interaction. It will help cars to communicate with each other independently.

The Bosch’ team explained how cars will financially benefit from platooning. Autonomous cars will be able to follow a lead car to reduce fuel consumption, whilst sending micropayments across the Tangle network to compensate the lead car for sacrificing theirs.

Last year in December, The Robert Bosch Venture Capital firm (RBCV) was reported to have bought a significant amount of IOTA’s MIOTA tokens.

Now, RBCV will play a key role in ensuring the longevity and success of IOTA’s future development.

According to Bosch’s senior technological scout, Tak Dekel, this action represents Bosch’ transformation from a hardware company to a company that deals with data and monetization of data.

Volkswagen to Use IOTA Technology For Software Updates

This project is designed to solve the key problem of secure transmission of software updates "on the air" (OTA) to the network of autonomous vehicles
12 June 2018   784

This week, the German automaker Volkswagen announced cooperation with the IOTA, which develops solutions in the field of the Internet of things. At the CEBIT 2018, the companies are planning to show a new experimental sample of their joint project based on the IOTA DAG network.

IOTA Twitter
IOTA Twitter

This project is designed to solve the key problem of secure transmission of transparent, undamaged software updates "on the air" (OTA) to the network of autonomous vehicles. At the moment the data is distributed centrally, so there is no guarantee that the information delivered to each car is genuine and unchanged. This problem can be solved using a distributed ledger or other similar technology.

In addition, because the scope of autonomous vehicles continues to grow, the system must not only decentralize to monitor each update, but also be able to scale to the right size to cope with the increasing load on the network. Another major factor is security. This factor will become more important when cars become more dependent on software for performing basic tasks and functions related to security.

Johann Jungwirth, Volkswagen's senior director of digital engineering and member of the IOTA Foundation's Supervisory Board, believes that the technology of a decentralized distributed registry will form the basis of a safe ecosystem that does not require participants to trust each other - just the one Volkswagen needs to further develop its the project of autonomous cars. He calls IOTA "an excellent example of how distributed ledger technology can be used in the future."