IOTA comes to Munich

The IOTA meetup in Munich on May 30 is going to prequel the Blockchained Mobility Hackathon
26 May 2018   336

IOTA is holding a meetup right before the Blockchained Mobility Hackathon on May 30. The event will take place at the Stylight Atrium. The doors of the meetup are open for the participants of the hackathon as well as for those merely interested in mobility, Internet-of-Things and IOTA project itself.

There will 2 keynotes at the event:

  1. A brief use-cases introduction;
  2. A presentation on energy and mobility sector

A number of applications of the IOTA DLT in the mobility area will be showcased by a member of the IEN Tobias Zeitler. Following it, a member of IOTA Harm van den Brink will talk about the convergence of energy and mobility sectors as well as present a proof-of-concept of an IOTA charging station.

To learn more about the event, you can visit the official page here. At the moment of publication, IOTA market parameters are as follows:

Average price 1.52 USD
Market cap 4,231,278,950 USD
Volume (24H) 53,445,000 USD

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   318

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."