IOTA and World’s Biggest Carmaker to Demonstrate How Distributed Ledgers Can Transform the Auto Industry

IOTA and Volkswagen – the world’s largest automaker by sales – will present a proof of concept showing how IOTA can help decentralize, secure and distribute data in the auto industry.

Volkswagen says it’s working to integrate the Tangle, IOTA’s open-source distributed ledger, to power a long list of crucial features in its fleet of vehicles, especially in self-driving cars. The full list of features IOTA can help facilitate includes:

• Automatic car software updates
• Secure car ownership data
• Effective audit trails
• Efficient recalls

Overall, Volkswagen says the advancements will help it create more trust with customers, authorities and third parties. The companies will showcase the technology at CeBit 2018.

Volkswagen, together with @iotatoken will show at #cebit18 a proof of concept how the trusted transfer of software over-the-air to vehicles can be securely documented using the #tangle. Great example how distributed ledger technology can be used in the future pic.twitter.com/4wuc7pdKfv

— Johann Jungwirth (@JohannJungwirth) June 9, 2018

Europe’s preeminent tech expo for innovation and digitization, Cebit, covers the digitization of business, government and society.

It runs from June 11 – 15 at the Hanover Fairground, the largest exhibition ground in the world, located in Hanover, Germany.

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