IOTA organizes a meetup in Paris

IOTA Foundation in partnership with L'Ecole 42 and Matrix is holding a meetup on May 28
21 May 2018   386

School 42 (L'Ecole 42) will be the gathering place for a meetup of IOTA Foundation members on May 28. The meetup will be organized in both French and English. Keynote speakers are IOTA Head of Business Development Wilfried Pimenta and Lead Ecosystem Team Lewis Freiberg. The featuring guest project is announced to be ENGIE Lab (ENGIE Group research and expertise centre for electrical power technologies, streamlining production processes, distribution and electricity supply).

The event is a chance to meet IOTA Foundation members and delve in the Distributed Ledger Technologies, the IoT and the so-called 'smart revolution' (i.e. smart energy, connected mobility, smart cities, industry 4.0, etc). Another topic of the meetup will be the Hackathon LedgerDays IOTA scheduled for June 11-12 at the same place – School 42. The hackathon will be announced and the preparation will start.

The event is co-organized with Matrix. To learn more about the meetup, you can visit the Eventbrite page here. At the moment of publication, IOTA market parameters are as follows:

Average price 1.78 USD
Market cap 4,959,488,089 USD
Volume (24H) 49,393,600 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   324

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."