The Audi Think Tank and the IOTA Foundation completed a joint project and shared the results at an event in Ingolstadt and Berlin.
Audi worked to solve problems in the automotive space through expert interviews and research, while the IOTA Foundation team worked on technical support solutions, modeling business structure and product use cases.
The project was an attempt by both organizations to figure out what practical solutions they could take in the automotive and IoT industries. An important focus was identifying use cases for Tangle in the industry.
IOTA is dedicated to facilitating transactions between devices on the Internet of Things (IoT). The company processes transactions without a blockchain, so there is no central ledger or miners on its network. Devices on the network randomly verify each other's transactions through the IOTA Tangle.
Audi has invested €14 billion in self-driving electric vehicles and intends to use IOTA for the future of automation.
According to zerocrypted.com
You May Also Like
Residents of Switzerland can now buy Monero at crypto ATMs
Blockchain startup Bity will add Monero (XMR) support to its cryptocurrency ATMs. The company has published the addresses and opening hours of its machines, where digital money can be purchased on the spot for Swiss franc (CHF) or euro (EUR).
The “White Rabbit” threatens the anonymity of transactions on the Bitcoin network
Currently, IT fans, cyberpunks and hackers have gathered in Las Vegas to participate in two famous technical conferences: Defcon 2018 (Caesar's Palace) and Black Hat Arsenal (Mandalay Bay).
