Fujitsu Central Europe Head to Join IOTA Foundation

According to the offical blog,  Rolf Werner's "unmatched enthusiasm and drive" will be of great importance for IOTA
10 April 2018   2699

The head of Fujitsu in the Central Europe Rolf Werner became the participant IOTA Foundation.

As noted in the blog of the project, Werner's "unmatched enthusiasm and drive" will be of great importance for IOTA and will strengthen the company's position in the blockchain industry.

A method of Tangle consensus is the feature of IOTA cryptocurrency, which implies the absence of miners, as well as commissions for transactions - the latter are mutually confirmed by the nodes of the network.

The possibilities of decentralized and secured applications based on IOTA Tangle as a Distributed Ledger Technology are immense. They go far beyond machine-to-machine payment and include, for example, tamper-proof monitoring of the supply chain and secure identity management , just to name a few. I’m delighted to join the IOTA Foundation Supervisory Council (Stiftungsrat) to accompany a journey which will be meaningful for lots of industry sectors worldwide.
 

Rolf Werner

Central Europe Head, Fujitsu

Earlier it has bcame known that venture division of Bosch Group had invested in IOTA.

Jaguar Land Rover to Partner With IOTA

As their ultimate goal, developers call the reduction of accidents and traffic congestion; these news had great impact on token's price
29 April 2019   346

The largest British automaker Jaguar Land Rover has started testing smart contracts based on the IOTA blockchain. According to Reuters, the program being developed is a smart wallet embedded in cars.

The new service will allow participants to receive IOTA tokens for providing information about road congestion and road pavement status, as well as for participating in the ridesharing program. Subsequently, drivers will be able to spend them on paying for parking or charging electric cars.

As their ultimate goal, developers call the reduction of accidents and traffic congestion.

It is known that this technology will be used in Jaguar F-PACE and Range Rover Velar. The launch date of the software for the mass consumer is unknown.

IOTA 24h Price Chart
IOTA 24h Price Chart

These news had great impact on the IOTA price. It rose for almost 14% in 24 hours and is being traded around $0.3.