• Home
  • News & Analysis
  • Live Data
  • Events
Home News First VW IOTA Product Will Be Released Early Next Year

Shutterstock

First VW IOTA Product Will Be Released Early Next Year

-

The first Volkswagen product to use IOTA’s Tangle is expected to be released sometime next year.

The German car manufacturer confirmed rumors that it expected to have the protocol ready and available for its customers early in 2019.

A Proof-of-Concept (PoC) proposing how Tangle can be integrated into Volkswagen’s vehicles had been jointly published by the IOTA Foundation and VW during the CEBIT’18 Expo show, held in Hannover last week.

SIMETRI Research

According to the PoC as well as a panel discussion held at the show, one of the key areas both companies are looking at is using Tangle as a means to transfer software updates to Volkswagen’s autonomous vehicles ‘over the air’.

A spokesman from Volkswagen told Crypto Briefing that Tangle was first going to be used as part of the Volkswagen Connect feature, as a means for individual drivers to check how many miles their cars have driven.


First News of a VW IOTA Product

Having announced a partnership at that the Bosch Connected World Summit back in mid-February, there has since been little movement coming out of the VW-IOTA camp, with last week’s announcement being the first substantial development.

During the announcement of the partnership, Volkswagen’s Chief Digital Officer (CDO), Johann Jungwirth, said that the company was considering using Tangle for feeless transactions as well as to autonomously set prices based on levels of demand. Jungwirth joined IOTA’s board of supervisors back in late January.

Although Volkswagen has decided to remain quiet about the roadmap for Tangle integration, it was actually the co-founder of IOTA, Dominik Schiener, who first broke ranks last week and disclosed when the first IOTA-powered product was set to be launched.

Replying to a follower on Twitter who had asked if it was true VW were expecting a launch in 2019, Schiener had said that the product team was “now working to get it rolled out in early 2019″. Mr. Schiener has not responded to any requests for comment.

 

 

A ‘blockless protocol’, the process by which transactions are sent on the Tangle causes two other transactions to be validated, essentially making it faster the more it is used.

As well as a partnership with Volkswagen, the IOTA Foundation has signed an agreement with the Taiwanese capital of Taipei to use Tangle in its smart city initiatives, including in the creation of digital National Identification Cards.

VW Group is one of the largest car manufacturers in the world, owning well-known car brands such as Audi, Skoda, Porsche and (ahem) Lamborghini.

However, this week has been an embarrassing one for Volkswagen as the CEO of Audi, Rupert Stadler was arrested on Monday following allegations of fraud and false advertising during the diesel-cheating scandal, where it was revealed that VW had purposefully manipulated its cars’ emissions data during official tests.

Considering VW has once more found itself mired in bad publicity, the manufacturer might consider using Tangle to provide accurate data on its car emissions.

 

DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Paddy Baker
Paddy Baker
Senior Journalist Paddy Baker is based in London. His interests in global finance and cryptocurrency may seem at odds with his background as a lover of history - but he asserts that understanding the past is the key to understanding the future. Paddy lives a short bike-ride away from ten million other people, and has yet to be seen in public without his laptop.

JOIN OUR COMMUNITY!

Join the conversation on Telegram and Twitter!

8,109FollowersFollow
1,314SubscribersSubscribe

More News & Analysis

Get The Best Of Crypto Briefing!

Crypto news flashes, new DARE research, upcoming mainnet launches, market reports, and much more!

X
X