Information about the IOTA
Brief about IOTA
If your appliances ever need their own money, they might end up using IOTA. IOTA is intended to be the cryptocurrency designed to be used by devices on the Internet of Things (IOT.) Microsoft has recently announced participation in some kind of project with IOTA as have some other large organizations. If IOTA gets adopted as the currency of the IOT then this could go up in value considerably.
Partnership with Volkswagen:-
It has also recently been announced that Volkswagen is joining ties with IOTA. In January, it became public that Volkswagen’s CDO, Johann Jungwirth, was now a part of IOTA Foundation’s advisory board.
On February 21, Jungwirth tweeted:
https://twitter.com/JohannJungwirth/status/966568625544015872?s=19This means IOTA is working with Volkswagen to develop decentralized technology for connected smart cars. IOTA will probably be used at first to distribute Over The Air (OTA) software updates to vehicle computers in a secure, efficient, and wireless manner.
But, as Jungwirth states in his tweet, there’s a huge potential to utilize IOTA’s technology in really exciting ways for self-driving vehicles in the future. Imagine a smart car drives up to your house, automatically takes you to your destination, and instantly handles all payment and parking, without you having to do anything but sit back and relax. That’s exactly what IOTA and Volkswagen could end up doing, years down the road.
