Volkswagen IOTA Partnership

C O N T E N T S:

KEY TOPICS

  • IOTA and Volkswagen have decided to sign a partnership to use the Tangle platform created by ITOA to power a proof of concept in the automotive industry.(More…)
  • The Chief Digital Officer (CDO) of Volkswagen Johann Jungwirth presented in the Bosch Connected World 2018 IoT focused conference (BCW18) and presented a detailed view of how IOTA (IOT) will play an important role in shaping up the global autonomous vehicle market, with Internet of Things as the platform.(More…)

POSSIBLY USEFUL

  • IOTA is aiming to be the backbone of the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other cases where a scalable decentralized system adds value.(More…)
  • While the amount of digital data is growing exponentially, more than 99 percent is wasted due to the lack of the ability of the owners to securely sell or share this data, IOTA noted.(More…)
  • IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted.(More…)

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Volkswagen IOTA Partnership
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KEY TOPICS

IOTA and Volkswagen have decided to sign a partnership to use the Tangle platform created by ITOA to power a proof of concept in the automotive industry. [1] This came shortly after the automotive supplier, Bosch invested in IOTA. Volkswagen Chief Digital Officer, Johann Jungwirth described the potential of the partnership. [2] Volkswagen and IOTA is first serious partnership between an established automobile manufacturer and a decentralized software company. [2] With IOTA market presence being little to none, it is losing its potential, and a move like Volkswagen partnership might be able to revive it back. [3] As part of the partnership between Volkswagen and IOTA, Jungwirth joined the Supervisory Board of the IOTA Foundation. [2] This concluded the partnership between Iota foundation and Volkswagen. It is expected that Iota will now start to slowly recover from the latest drops, looking forward to establishing a strong partnership with Volkswagen and their CDO. [4] Johann Jungwirth, the Chief Digital Officer of Volkswagen, has just announced their plans to support IOTA cryptocurrency in hopes that the partnership will lead to a global autonomous automobile phenomenon. [5] IOTA Volkswagen Partnership: Volkswagen has announced its plans to leverage the IOTA technology and support its cryptocurrency to transform the automobile sector. [3]

Another cooperation has been declared with IOTA the Berlin based cryptocurrency start-up at the Connected World conference with Volkswagen. The main reason running the movement is that the future of smart cars could be decentralized technology. [6] At the Bosch Connected World Conference 2018, Volkswagen announced that they will cooperate with IOTA in developing decentralized technology for connected cars. [2]

The reason for sealing the deal with Iota is the fact that the Volkswagen team believes that the future of smart cars might lie within the technological possibilities of decentralized blockchain-based platforms. [4] Being part of the supervisory board concludes with Jungwirth taking action when it comes to the foundation’s annual roadmap and add his comment to the future of the cooperation between Volkswagen and IOTA. [6] Jungwirth talked about how IOTA Volkswagen will play a major role in transforming the automobile industry towards a worldwide autonomous automobile scenario by having IoT as a base. [3] To achieve his dreams, the Volkswagen CDO aims to integrate the IOTA technologies, along with IoT principles, to create an empire of self-driving vehicles. [5] If this is added then the fact that the same CDO of Volkswagen since last month has joined the board of the foundation IOTA you can have valid elements to invest on IOTA. [7] After the German-based Bosch, a multinational engineering and electronics company, reported that it is intending to adopt the IOTA for its autonomous cars project and its investment in the crypto-firm back in mid-December, Volkswagen has made its move to be part of the tech-world changing wave. [6] iOTA (IOT) Partners up Volkswagen, Samsung and now Cisco Systems, Inc. [8] Simulation showing how Iota is working with Volkswagen yo implement a connected mobility ecosystem. [9] IOTA may also serve as a MaaS solution (Mobility-as-a-Service) using Volkswagen vehicles for transportation. [2] The fact that it is now Volkswagen itself to announce the existence of a relationship could bring up the IOTA quotations today at a much lower level than in the past. [7] IOTA, an open-source blockchain network, has teamed up with some of the biggest global corporate names led by Microsoft, Volkswagen and Samsung Group to launch what is aimed to be a secure marketplace for data, IOTA co-founder David Sstebsaid on Tuesday. [10] The Chief Digital Officer (CDO) of Volkswagen, Johann Jungwirth announced its plan to support IOTA cryptocurrency in the Bosch Connected World (BCW) 2018 conference as he talked about the digital mobility ecosystem. [3] Just last month, it has been announced that the Volkswagen CDO will join the supervisory board of the IOTA foundation. [3] The famous car manufacturer Volkswagen, has announced that it intends to take advantage of the IOTA technology to transform the automotive sector. [7]

The Foundation now announces IOTA Data Marketplace new partnership with Cisco Systems, Inc. (NASDAQ: CSCO). [8] With the new partnerships on the rise, Iota is looking forward to a bright future, slowly starting to deal in green again, although far from its all-time high. [4] This is a very important partnership that will allow IOTA to show everything what is capable of. [1] The partnership talk started out in January 2018 when it was finally concluded a couple of days ago, with the Volkswagen’s CDO being chosen as a part of Iota Foundation supervision board. [4]

New partnerships are now being announced almost daily throughout November including not only Cisco, but Volkswagen AG and Samsung. [8] The partnership with Volkswagen will definitely have an impact on their market share. [5]

Then IOTA’s partnership with Volkswagen, and BOSCH “smells” like the first IoT based automotive industry could be just around the corner, especially when BOSCH announced after a purchase of a big chunk of MIOTA (IOTA networks native digital currency), that they are working on the first ever level 5 self-driving processors for the next generations of cars. [11] Volkswagen and IOTA appear to be the first serious partnership between an established automobile manufacturer and a decentralized software company. [12] Internet of Things (IoT) and autonomous driving vehicle technology continues its march forward as Volkswagen announces their new partnership with IOTA to deliver a new proof of concept at the Cebit Conference 2018 today. [13] As part of the partnership between Volkswagen and IOTA, Jungwirth will join the Supervisory Board of the IOTA Foundation. [12]

The Chief Digital Officer (CDO) of Volkswagen Johann Jungwirth presented in the Bosch Connected World 2018 IoT focused conference (BCW18) and presented a detailed view of how IOTA (IOT) will play an important role in shaping up the global autonomous vehicle market, with Internet of Things as the platform. [14] This is a significant appointment for IOTA. Since November 2015, Jungwirth has been the chief digital officer at Volkswagen, where he has been responsible for driving the digital transformation of Volkswagen Group’s various brands. [15] Germany-based open-source blockchain network IOTA has joined forces with Microsoft, Volkswagen and Samsung Group to launch a secure data marketplace, Reuters reported. [16] News began to circulate beginning Nov. 28, stemming from thenextweb and Reuters that IOTA has partnered with Microsoft, Samsung, Cisco, Volkswagen, Fujitsu, and many others in a 2-month long project that aims to make the data marketplace a truly global, decentralized collaborative effort. [17] This means IOTA is working with Volkswagen to develop decentralized technology for connected smart cars. [18] IOTA will benefit from the deal by showcasing its capabilities given that Volkswagen is a respected car maker. [19] CCN reported that large-scale conglomerates including Samsung, Cisco, and Volkswagen also partnered with IOTA, to utilize its Tangle-based solution for data monetization. [20] This is the first step in a closer relationship between IOTA and Volkswagen. The foundation promises further collaborations between the two organizations, with additional announcements during the coming weeks. [15] That’s exactly what IOTA and Volkswagen could end up doing, years down the road. [18] Regardless of the hack, the addition of Volkswagen to IOTA is a big deal. [21] NEW YORK, Nov 28 (Reuters) – IOTA, an open-source blockchain network, has teamed up with some of the biggest global corporate names led by Cisco Systems Inc, Volkswagen AG, and Samsung Group to launch what is aimed to be a secure marketplace for data, IOTA co-founder David Sstebsaid on Tuesday. [22] The IOTA Foundation has announced that Johann Jungwirth, Chief Digital Officer of Volkswagen, has joined IOTA’s Supervisory Board in a move that further validates the concept and vision of the cryptocurrency. [21] 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. [18]

Everyone is excited over the promise of what these partnerships may bring to IOTA and data decentralization overall. [17] IOTA Price Explodes After Microsoft Partnership Announcement You are using an outdated browser. [23] IOTA confirmed below a triangle chart pattern on Thursday after a Microsoft partnership misrepresentation scandal. [20] This is a more set to strengthen IOTA strategic partnerships in the auto industry and give it the credibility it deserves to become a market leader in the sector. [19]

IOTA (MIOTA) has gone a step ahead to partner with auto maker, Volkswagen in a bid to promote their ever popular tangle proof-of-concept. [19] German car manufacturer Volkswagen recently announced its collaboration with top IoT-based blockchain project, IOTA, over Twitter this week, as the two companies prepare to present a new proof of concept utilising IOTA’s tangle network. [13] At the Bosch Connected World Conference, Volkswagen announced that they would cooperate with the Berlin-based company, IOTA in developing decentralized technology for connected cars. [12]

After the acquisitions of two high ranking officers from Robert Bosch Venture Capital (RBVC), and Volkswagen respectively, and with the help of previously joint members like Julie Maupin, an international law expert with a focus on DLT and ties with the European Commission and G20, IOTA was set to create their first ideas and propositions on how we can alter the future, now. [11] IOTA has attracted interest from a wide variety of companies, such as Microsoft, Cisco, Volkswagen, and many others, with IOTA now being amongst Ethereum and Ripple as the leading blockchain-inspired providers for enterprise applications. [24]

IOTA has been on a tear as of late, with prices more than doubling in the span of a week thanks to favorable headlines and a new partnership with Microsoft. [25] Deals and partnerships with other corporate entities and even governmental institutions didn?t take time to be established between IOTA and the third parties and various IoT based projects were launched, firstly as betas, ending up as solid working products and services. [11] IOTA has been making waves recently by signing major partnerships with some of the world’s leading enterprises. [25] Will this be yet another IOTA partnership that does little to ignite new bullish support? I guess we’ll find out after the Cebit Conference is over on Friday. [13] Originally reported including Microsoft as a data partner, the IOTA Foundation has since clarified that it does not have a strategic partnership with Microsoft. [26]

Volkswagen, one of the largest car manufacturers in the world, also made public their partnership with the platform. [27] Volkswagen Chief Digital Officer, Johann Jungwirth described the potential of the partnership. [12]

It has also been reported that the IOTA Foundation has partnered with Cisco, Volkswagen and Samsung around its Data Marketplace. [25]

Enterprise giants, including Cisco, Samsung, Volkswagen and Huawei are teaming up with Berlin-based open-source blockchain company IOTA for a secure data marketplace, reports Reuters. [28] In the meantime, IOTA will explore a new proof-of-concept with Volkswagen. The Chief Digital Officer at Volkswagen, Johann Jungwirth announced with the collaboration both parties will show the ability of IOTA’s Tangle software to transmit over-the-air updates of software to vehicles that have been connected. [29] Johann Jungwirth, who is the Chief Digital Officer at Volkswagen’s has declared that a joint effort between IOTA and Volkswagen will show off a new proof-of-concept initiative at Cebit 2018. [30] Volkswagen and IOTA are set to show the proof of concept of transfer of over-the-air software, using Tangle, at the Cebit 2018, revealed Johann Jungwirth via Twitter. [31] Companies in the industry, amongst which Volkswagen lies, want to explore IOTA in guarantying data updates and transparent access to audit trails. [32] Volkswagen together with IOTA will be at the world largest technology exhibition, CEBIT, to present Proof of Concept which it co-developed. [32] In line with what the two companies are co-developing, IOTA and Volkswagen believes that blockchain is needed to combat some of the challenges in the auto industries. [32] Home Cryptocurrency News IOTA partners with Volkswagen to show off a new proof of concept. [30] Beyond providing software upgrades, Jungwirth emphasized that IOTA provided several advantages to this Volkswagen brand such as the capacity to help in any product recalls in addition to record statistical records. [30] Volkswagen and IOTA forecast that by 2020, over 250 million joined vehicles will have brought to the street. [30] IOTA and Volkswagen aren’t the only parties demonstrating curiosity about courtship. [30] IOTA MIOTA and Volkswagen partnered with the aim of using blockchain to ensure data integrity, interoperability and production readiness in the auto industry. [32]

Hopefully this article shed some light on most of IOTA’s key partnerships. [33]

POSSIBLY USEFUL

IOTA is aiming to be the backbone of the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other cases where a scalable decentralized system adds value. [9] In the beginning, in fact, IOTA announced that it had reached an agreement with Microsoft to launch an IoT market but subsequently was forced to make clear that Microsoft was only one of the participants in the initiative. [7] IOTA Data Marketplace importance is huge for the Foundation right now, simply because it is being supported by the IT giants stated above, as well as many others like Microsoft and Accenture. [8] NEW YORK (Reuters) – (In this version of the Nov. 28 story IOTA corrects partners in the project to remove reference to Cisco in headline and first paragraph and Huawei in fifth paragraph, include Microsoft in headline and text. [10] Wei-bin Lee – Department of Information Technology commissioner, declared that on the project Digital Citizen Cards the city has created a team made of IOTA and Biilabs. [6] The fact that it has now announced its presence in the new IOTA Data Marketplace project tells U.S. that they plan to keep up with the expectations. [8] All thanks to the pet Project IOTA Data Marketplace where the concept of premium data streams paid by microtransactions is presented. [8] “The data marketplace is a completely separate project that simply utilizes the underlying IOTA protocol,” said Sstebin emailed responses to Reuters. [10]

IOTA is a coin for the Internet of Things (IoT) that uses a new platform called Tangle instead of utilizing the traditional blockchain. [3] In contrast to conventional blockchain solutions, IOTA relies on a non-blocking tangle system, which is especially beneficial in the Internet of Things in combination with countless endpoints. [6] IOTA uses a non-blocking tangle system, making it optimal for IoT (Internet of Things) through its ability to combine with a virtually unlimited number of endpoints. [2] IOTA has been working to develop an autonomous machine economy for IoT ( Internet of Things ) devices. [1]

Introducing Dariota: Augmented Reality with IOTA. Dariota connects the Tangle with GPS/Geolocation enabling you to read and write data at specific locations. [9] IOTA said more than 2.5 quintillion bytes of data are generated daily and are increasing exponentially on a monthly basis. [10] The much talked about New Connected Car systems could find a lot of use in practice of the IOTA platform as it can keep safe the distribution of OTA software updates. [6] Volkswagen’s vision is to use IOTA in new Connected Car systems. [2]

IOTA believes that it can become the underlying protocol for car makers and suppliers so as to ensure updates and transparent access to audit trails. [1]

“IOTA is kind of the first distributed ledger that goes beyond the blockchain,” Sstebsaid. [10] Besides the geographic proximity of the three companies, IOTA brings other benefits to the model that traditional blockchain technologies do not offer. [2]

This means buying at low prices today, and then hoping to increase the price of IOTA in the future. [7] IOTA has also stated that it will get out of its beta state to gain its full potential by the year-end, however, none of this helped in boosting IOTA’s price. [3] The current price Iota is being traded under, is 1.83$ per one unit, while the previous price was a bit over 2$ per one unit. [4] Problems were found with Curl, hashing function created for ternary by IOTA. Despite them being solved it raises questions for the future. [8]

IOTA requires each new transaction to validate two or more other transactions in the network before it can be validated. [2] IOTA has no fees to transact and no scaling limitations; network transaction speed grows with activity. [9]

IOTA clarified that the error was due to the fact that it co-founded the Trusted IoT Alliance with Cisco.) [10] For a long time, IOTA market is losing its value at a rapid pace, not only in terms of its prices but also having a presence in the market. [3] Current market price for IOTA is at $1.78 with no rise in trend. [5] In case Iota continues to grow at the current pace, it is no doubt that this coin could soon regain its previous all-time high price. [4] After a rough week that brought fall in price to many different tokens and coins, finally on February 25 th, Iota started to recover. [4]

IOTA is a scalable, decentralized, feeless, modular, open-source distributed ledger protocol that goes ‘beyond blockchain’ through its core invention of the blockless “Tangle?. [9] IOTA has great potential to become a DLT leader with the Tangle approach.” [1] Long ago, IOTA made news for the sensational step back on the Microsoft affair. [7] In this way, IOTA may be used to distribute updates to vehicle computers securely, efficiently and wirelessly. [2] IOTA does not use the standard binary language, instead it uses a system of 3 numerical digits: -1, 0 and 1 (ternary). [8] IOTA is looking at another raise that occurred in the last 24 hours on the first day of March. [4] The first significant IOTA adoption might be Taipei’s TangleID. “Mass deployment this year”. [9]

As soon as data is put onto IOTA’s decentralized ledger, it is distributed to countless nodes or the computers that connect to the blockchain network, ensuring that it is impossible to tamper with the data, Sstebsaid. [10] Each of IOTA’s partners on the marketplace project will provide data within their sector. [10]

Very worth mentioning IOTA Foundation has teamed up together with Taipei city to deliver blockchain technology to its ID plans. [6] We?ve all known that the IOTA Foundation has promised something big despite the Tangle technology has not been yet fully proven to work. [8]

It was last month that Johann took the initiative by joining the supervisory board of the IOTA foundation. [5]

Tactics like these help raise IOTA cryptocurrency prices significantly as happened at the time of Microsoft situation that brought about a 500 percent rise in its prices. [3] He further stated that he would be showing his full support to the IOTA cryptocurrency in BCW (Bosch Connected World) 2018 conference. [5]

As the IOTA network grows, transactions are validated faster, not slower as with most traditional blockchain solutions, while maintaining a high level of security, and its developers also promise quantum security. [2] Each transaction must first validate two more transactions in the IOTA network to be valid. [6] The IOTA network has been live since 2016, the IOTA co-founder said, in an earlier interview with Reuters. [10]

Please focus discussion on IOTA technology, ecosystem announcements, project development, apps, etc. [9]

According to Volkswagen CDO, Johann Jungwirth, the foundation will play an important role in the transformation of the automotive industry towards an autonomous scenario around the world. [7] The information has been released by the Chief Digital Officer of Volkswagen, Johann Jungwirth on June the 9th. [1] “Volkswagen is developing into an integrated hardware, software and services company,” said Chief Digital Officer Johann Jungwirth. [2]

Johann Jungwirth, has been Head of Digitalization Strategy of Volkswagen AG since November 1, 2015. [6]

The company will be giving a “comprehensive insight into the future of mobility and the latest digital technologies” at its stand in the “Future Mobility” hall 25, “said Volkswagen in Wolfsburg. [2] “Volkswagen is at the forefront of all future digital fields, and our experts are doing pioneering work in many areas,” said Martin Hofmann, Head of Volkswagen Group IT. [2]

The Volkswagen Group’s presentation includes various application examples, from new forms of digital automotive design to quantum computing and blockchain to applied artificial intelligence. [2]

In the lectures and discussions with representatives from industry, science and politics, it will spend a day on future issues such as the future of mobility and the future of work, In Hall 27, Volkswagen employees are also available as contact persons for startups and career opportunities. [2] Now, Volkswagen is going to utilise this technology in their automobiles. [3] All started with the CDO of Volkswagen stepping in in Jan as he was chosen to be part of the supervisory board of IOTA-Foundation. [6] The concept includes a scenario where drivers would have their own Volkswagen ID to unlock and start cars with compatible smartphones. [2] The Volkswagen Group is one of the most important car manufacturers in the world, and has 120 production facilities in 31 different countries all over the world. [1]

In 2017 alone, Volkswagen delivered more than 10,700 million vehicles. [1] Volkswagen aims to switch from traditional vehicles to self-driving vehicles. [7]

The fact that more and more companies and institutions are getting into partnerships with cryptocurrency projects, actually tells a lot about the influence digital values are set for years now. [4]

While the amount of digital data is growing exponentially, more than 99 percent is wasted due to the lack of the ability of the owners to securely sell or share this data, IOTA noted. [16] IOTA enables machines to securely transact data and money with each other while creating a stepping stone to a new Internet of Things (IoT) based application and business model for mobility, energy, Industry 4.0 and more. [21] IOTA is the next gen currency, that solves the blockchain limitations no fees, scalability, speed, works not only over internet but also other protocols Bluetooth, Zigbee. [20] IOTA has many advantages against other cryptos with a blockchain technology and therefore his price will continue with rising his value again. [20] IOTA, is a distributed ledger technology (DLT) that is said to go beyond a Blockchain. [21] “IOTA is kind of the first distributed ledger that goes beyond the blockchain. [16] 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. [18]

IOTA data marketplace considers autonomous driving technology as one of the most important use cases as cars operate under different conditions across the globe. [14] Another inefficiency is that transactions in IOTA are 10KB (in contrast, Bitcoin transactions are on average 600B), meaning that this is not well-suited to devices with limited storage, like those used for IoT, one of the developers? primary use cases. [17] “IOTA has the potential to set a standard for trusted machine-to-machine transactions,” Jungwirth said. [15] While confirming Volkswagen’s interest in investing in IOTA, Jungwirth referred IOTA as Web 3.0. [14]

“Besides his impressive professional background, Johann offers incredible insight and strategy in making IOTA and the Foundation become a reality and have an impact on society. [21] I love this FOOD situation, cheaper coins for me:D IOTA has a potential to be a number one in IoT future. [20] The rest I will hold, because IoT will be great market and IOTA will be number one. [20] Both Cisco and IOTA are both founding members of the Trusted IoT Alliance (sometimes abbreviated TIOTA). [17]

The conference that is taking place in Hanover is set to show to the entire world how IOTA is driving the “future of mobility”. [19] “The data marketplace is a completely separate project that simply utilizes the underlying IOTA protocol,” Sønstebø told Reuters. [16] China’s Huawei group, a multinational networking and telecommunications company, is also part of the data marketplace project, IOTA said. [22] It was clear that IOTA and Bosch were partnering up to work on some big project. [18]

The current IOTA tangle requires a trusted party (the coordinator) for security, suggesting that in its current form it’s not ready to run as a truly permissionless, decentralized system. [17] IOTA has a great potential to become a DLT leader with the Tangle approach.” [19]

This week it turned out that Microsoft is not really an IOTA partner, but a participant. [20] This is the only tangible evidence linking Microsoft to IOTA. Nothing on Microsoft’s website to confirm this. [17]

IOTA and DAG technology system are a real revolution in the cryptoworld. [20] IOTA is becoming one of the most tangible blockchain startups. [15] One month ago, the IOTA price was valued at just $0.37, but it experienced a steady climb over the course of the next three weeks, eventually reaching parity with the dollar on November 27. [23] The next day, the IOTA price punched through its all-time high, and it has continued to soar from there. [23] At present, the IOTA price is trading at a global average of $2.48, which represents a seven-day increase of 164 percent. [23]

In the midst of a pretty rocky time for most cryptocurrency platforms, IOTA has also taken quite a hit. [18] IOTA is becoming a very popular platform for auto suppliers and makers. [19]

IOTA said further collaboration between the two entities will be announced in coming weeks. [21] There are other red flags — unlike every other program running on your laptop or phone, IOTA uses ternary instead of binary. [17] Since all computer hardware today uses binary, IOTA converts to ternary in software, which is less efficient and more complex. [17]

With many Altcoins in the market, IOTA has taken the lead towards a goal of autonomous machine economy for IOT. This allows machines and IOT devices to communicate and share critical information in a secure and transparent environment. [19] IOTA’s current Light Wallet has had a slew of security issues that have resulted in some users losing their IOTA credits. [18] This is the article in which MIT disclosed IOTA’s vulnerability: Cryptographic vulnerabilities in IOTA, written by Neha Narula: Director, Digital Currency Initiative at the MIT Media Lab. [17] Sønstebø explained that when data is put on IOTA’s decentralized ledger, it is distributed to the innumerable nodes of the network, which makes data tampering impossible. [16] According to some analysts, IOTA’s Tangle ledger is superior to cryptos relying on blockchain technology. [20] “This next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real world solutions, applications and pilots for our customers,” said Microsoft’s Omkar Naik in a statement published on the IOTA Foundation website. [23] “In the IOTA blog post that introduced the data marketplace project, there is a direct quote from Microsoft’s blockchain specialist Omkar Naik: “We (Microsoft) are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative. [20] Notably, IOTA Foundation is one of the 19 companies to be short-listed by the Swedish central bank, Riksbank, for its e-krona project. [14] In the final week of January 2018, the IOTA Foundation announced that Jungwirth is joining its Supervisory Board. [14] In January, IOTA announced that ITIC had partnered with the IOTA Foundation to create a global smart city testbed network. [15]

Dominik Schiener, co-founder of IOTA Foundation, took questions from the audience and clearly explained about IOTA and applications of IoT. [14] “We are thrilled to have Johann join our Supervisory Board,” said David Ssteb cofounder of the IOTA Foundation. [15] @DavidSonstebo & @DomSchiener I am looking forward to start serving on the Supervisory Board of the IOTA Foundation. [21]

The IOTA Foundation expects to benefit from Jungwirth’s knowledge and insight into the massive tech and automotive industry especially in regards to AI and autonomous vehicles. [21] IOTA technology has already enabled the feeless transaction of payments worth billions of dollars and has been used to create transparent value chains in logistics, secure over-the-air updates, feeless micropayments for electric vehicle charging, parking, and more. [15] IOTA technology has already enabled payments “worth billions of dollars” to be transacted minus fees, and has been utilized for use cases including transparent value chains in logistics, secure Over-the-Air Updates and feeless micropayment-based for electric vehicle charging, parking and more. [21]

The IOTA supervisory board’s role within the foundation includes approval of annual budgets, roadmaps, rules, and procedures, and oversight of the IOTA Foundation’s board of directors. [15] Notably, Jungwirth joined soon after Hongquan Jian, partner at Robert Bosch Venture Capital, joined the IOTA Foundation’s Advisory Board. [14] It then saw a significant investment from Robert Bosch Venture Capital, which included RBVC partner Dr Hongquan Jiang joining the IOTA Foundation’s advisory board. [15]

Iota (MIOTA) release IOTA Wallet “Trinity” in Q2 will push price. [19] IOTA’s price dropped for the second consecutive day on Thursday, breaking below its new key support level. [20] This week’s surge appears to be linked to the announcement of IOTA’s Data Marketplace, a Tangle-based solution built to help monetize data the “oil” of the Internet of Things (IoT) economy. [23] Following the successful launch of its data marketplace in November, IOTA’s token value rose dramatically. [15]

Called the new Bitcoin, IOTA’s market cap suddenly jumped to number 4 on the cryptocurrency list last week. [20]

Jungwirth has been the CDO at Volkswagen since November 2015 where he has been responsible for driving the digital transformation of Volkswagen Group’s 12 brands which include Porsche, Audi, Bentley, Buggatti, Lamborghini, and more. [21] In 2016, Volkswagen topped Toyota become the number one automobile manufacturer in terms of global sales moving over 10 million cars in 2017. [21]

There was a lot of FUD because of this Microsoft partnership lately which caused the correction of the price, but I’m convinced it’s just a temporary correction. [20] There is this promotional video, so a partnership is very possible, if not now certainly in the future. [17] With massive partnerships being made and a whole new wallet on the horizon, it’s looking like this is just the tip of the “IOTAberg.” [18]

IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted. [34] IOTA ushers in machine-to-machine payments and data transfer in the Internet-of-Things economy and promises to fix the scalability issues that ail blockchain technology with fast, zero-fee, quantum-immune, and secure transactions. [27] This contractual handshake allows the consumer to link their transaction to a legal binding contract supplied by their vehicle manufacturer, mobility operator — or in the case of IOTA — a compatible blockchain smart contract. [34] Netherlands-based ElaadNL has officially unveiled the world first Internet of Things capable charging station by harnessing the IOTA tangle to facilitate direct transactions between vehicle and charger. [34] From creating its own alternative to blockchain-networks, “The Tangle”, which is a Directed Acyclic Graph (DAG) type of Distributed Ledger Technology (DLT), to creating future-proof concepts based on IoT that could and will be implemented in our everyday life in the near future, IOTA has been working hard gathering resources and the expertise as well as an international team of professionals in the scene, a project of their kind would require achieving their goals. [11] IOTA with its Tangle based Distributed Ledger Technology is best positioned to fill this gap. [27]

IOTA is different from all of the other cryptocurrencies not only because of the global corporations they have partnered with but because of its advanced technology that differs from blockchain and sets out to do more. [27] While IOTA addresses the transaction fees and scalability issues of blockchain, it does this by using a different platform entirely. [27] Providing a secure automated transaction layer is the cornerstone of the IOTA platform — the ability to provide a verifiable permissionless trust economy will revolutionize the way we interact with our devices. [34] Contracts such as these require no intermediary body, IOTA integration allows for a direct transaction between parties, deducting the cost from the user wallet via secure, real time micro-payments that backup to the tangle every 15 minutes. [34] Many of these companies look to IOTA to provide a secure, traceable means of data management between their sensors to allow for real-time, scalable solutions for the upcoming Internet of Things evolution. [34] IOTA HARDWARE IOTA is a revolutionary new transactional settlement and data transfer layer for the Internet of Things. [35]

IOTA founder David Sstebrecently blogged that “Data is one of the most imperative ingredients in the machine economy and the connected world.” [25] IOTA ushers in machine-to-machine payments and data transfer in the Internet-of-Things economy. [27]

Cardano Explode after IOTA and Ripple coin which are low Priced cryptocurrency, who always in talking because of steady growth rate but from last week price increasing with tremendous growth. [36] A lot of people suggested doing a price prediction for IOTA for 2018. [36] Despite this recent news however, IOTA still remains in double-digit losses against the U.S. dollar today as uncertainty around Bitcoin’s price pins down the rest of the market. [13]

Earlier this month, 30 companies came together and founded the Mobility Open Blockchain Initiative, of which IOTA was one. [27] IOTA has no mining and should not be compared to blockchain cryptos like Bitcoin. [27]

IOTA is capitalizing on this phenomenon through Data Marketplace, a comprehensive pilot project that aims to decentralize global data flows. [25] IOTA functions as a lightweight distributed ledger with decentralization not just for the IoT but for human applications as well. [27] What are your thoughts on the matter? Is IoT really important? And how could IOTA affect your everyday life and tasks? Let me know in the comments below. [11]

As enthusiasts of this technology, we bring you the latest in IOTA powered hardware & IOTA news. [35] IOTA integration into vehicle charging stations demonstrates the potential of seamless Machine-to-Machine transactions. [34] To facilitate this transaction, the IOTA charging station is outfitted with an e-Mobility ISO 15118 charging port. [34]

IOTA also has a tradable digital asset (MIOTA) that is currently in the top ten, with a market cap of over $3 billion and trading at $1.40 at the time of writing. [24] Porsche is just one of the startups working with the IOTA platform on smart mobility – and not the only automaker. [27] The IOTA community strongly believes that the Tangle will empower machines and humans to participate in flourishing new permission less economies. [27] The IOTA team has a vision of enabling all connected devices through verification of truth and transactional settlements. [27] IOTA is solving several big problems the cryptocurrency industry still has today: scalability and fees. [36] This is possible because IOTA is a DAG-based cryptocurrency that does not require mining capacity. [25] Passing up TRON (TRX) in market capitalization, IOTA is now 9th in the cryptocurrency market. [27]

This comes shortly after the automotive supplier, Bosch invested in IOTA last year. [12] That being said, IOTA is one of the most promising cryptocurrencies from a use-case perspective. [25] By having a cryptographically secure source of unified truth, IOTA envisage a grand technological Cambrian explosion of innovation to arise from it. [27] The IOTA Foundation is launching a secure marketplace for monetizing data that utilizes its distributed ledger technology. [24] It is relevant to something and someone, and the IOTA Foundation stated that over 2.5 quintillion bytes of data are produced each day, with the majority of it lost due to the lack of a secure marketplace to house the buying and selling of data. [24]

That would be IOTA (MIOTA), not only because they?re strictly focusing on IoT, but also because they?re using the latest words of technology when it comes to networking and data distribution. [11] Well-established companies like IBM, Google, Microsoft, Samsung, Cisco, Huawei, and Vodafone to mention a few – as well as new start-ups like the Berlin-based IOTA (MIOTA) Foundation, the Chinese Walton-chain and the Ethereum (ETH) based Weeve Platform are all striving to get a big piece of this newly generated pie of innovation, that has been proven to be needed for the next steps in technological and scientific pursuits if not absolutely necessary. [11]

The Berlin-based Foundation that’s been supported heavily both economically and technically by some of the key players in the IoT scene, including BOSCH, Volkswagen, Samsung, and Fujitsu, to mention a few, has been constantly evolving since its day of creation. [11] Participants from all sectors and industries are represented, companies such as Bosch, Volkswagen, Daimler, Accenture, Samsung, Orange, and much more have deployed sensors that directly sell the data on the marketplace. [26]

Last week, the German-based startup announced a new partnership with Microsoft, Accenture and nearly two-dozen other companies to develop a blockchain solution tied to the Internet of Things (IOT). [25] Innovative Ethereum and banker’s blockchain solution Ripple have shown us what partnerships with corporations can do for a cryptocurrency’s price. [24]

Over the next few weeks, the IOTA Foundation will publish several blog posts, case studies, and opinion pieces together with chosen partners to elaborate on future applications of the data marketplace for specific industries. [26] The data marketplace is initially organized by the IOTA Foundation as an open innovation initiative, with the intention to showcase how the IOTA protocol can enable such data marketplaces and how micropayment based business models will function in the future. [26] The IOTA Foundation, the open-source non-profit foundation from Germany, has launched the first publicly accessible data marketplace for IoT powered by a distributed ledger. [26]

This was said by Michael Nilles, the Chief Digital Officer (CDO) for Schindler, who has now joined the IOTA Foundation. [27]

The IOTA cryptocurrency requires each new transaction to validate two or more other transactions in the network before it can be validated. [12] Each square box in the above diagram represents a transaction on the IOTA network. [24]

The IOTA Foundation’s goal is ” to enable a truly decentralized data marketplace to open up the data silos that currently keep data limited to the control of a few entities.” [24] The Independent Republic is a cryptocurrency hub focused on all the top altcoins such as Ripple (XRP) Litecoin (LTC) iota (MIOTA) Verge (XVG) Bitcoin (BTC) Ethereum (ETH) and many more. [11]

RANKED SELECTED SOURCES(36 source documents arranged by frequency of occurrence in the above report)

1. (17) CEBIT-Exhibitor 2018 / IOTA – Partner at VOLKSWAGEN – IOTA News

2. (15) A Look at IOTA (MIOTA) Recent Partnerships technewsleader.com

3. (13) IOTA Drops on Controversy – Could this be Temporary?

4. (11) Volkswagen Chief Digital Officer Joins IOTA Foundation Supervisory Board as Platform Validation Grows | Crowdfund Insider

5. (10) Volkswagen’s chief digital officer joins IOTA supervisory board | VentureBeat

6. (10) PROOF: IOTAs Partnerships With Big Tech Not Real – Squawker

7. (10) IOTA Volkswagen Group Partnership Raises Hopes For Investors

8. (10) IOTA For the Future: Volkswagen Added on the Partnership List – Ethereum World News

9. (9) Blockchain network IOTA teams up with Microsoft, others on data marketplace | Reuters

10. (9) How IOTA (MIOTA) Is Playing A Major Role In What’s Coming Next The independent republic

11. (9) IOTA: Partnering up with Volkswagen

12. (9) iOTA (IOT) Partners up Volkswagen, Samsung and now Cisco Systems, Inc. | Oracle Times

13. (8) IOTA Partners with Volkswagen at Cebit 2018, Promotes Tangle-Drive Proof of Concept

14. (8) IOTA Starts Off 2018 with New Partnerships and the Soon-to-be-Released Trinity Wallet – Invest In Blockchain

15. (8) IOTA (MIOTA) partnership with Volkswagen Set to Promote the Tangle Proof of Concept | The Crypto Globalist

16. (8) IOTA Doing Big Things as Microsoft Partnership Announced

17. (8) IOTA Demonstrates Real-World Use Case With Smart Vehicle Charging Stations | CryptoSlate

18. (8) IOTA : Will the Partnership with Volkswagen Affect Quotations?

19. (7) Volkswagen’s CDO Calls IOTA, Web 3.0 At Bosch Connected World 2018

20. (7) IOTA, The Next-Generation Blockchain, Partners With Cisco, Microsoft, and Many More

21. (7) The Volkswagen IOTA Partnership is Moving at Full Speed! Proof of Concept Goes Live! : Iota

22. (6) Volkswagen to Work With IOTA in Developing Connected Car Using Decentralized Technology

23. (6) IOTA Price Explodes After Microsoft Partnership Announcement

24. (6) Blockchain Network IOTA will Team Up with Volkswagen | Coin Social

25. (5) IOTA, Microsoft, Volkswagen collaborate on blockchain-based data marketplace – EconoTimes

26. (5) IOTA launches data marketplace with select partners

27. (5) IOTA partners with Volkswagen to show off a new proof of concept at Cebit 2018 | Dollar Destruction

28. (4) IOTA Chosen To Operate Volkswagen’s Autonomous Vehicle Software Updates – Cryptovest

29. (4) IOTA At Another Big Exhibition In The World, But This Time With Volkswagen | Crypto Recorder

30. (3) IOTA-Volkswagen Partnership 2018 in Hindi | IOTA Price Prediction Feb 2018

31. (2) Blockchain network IOTA teams up with Cisco, Volkswagen, others on data marketplace – Business Insider

32. (2) Volkswagen confirm IoT vehicles 2019 | IOTA Hardware

33. (1) Microsoft, Cisco, Huawei team up on blockchain data marketplace | CIO Dive

34. (1) IOTA price analysis: IOT/USD rejects support at $1.5 to test $1.30; IOTA partners with Volkswagen for a proof-of-concept initiative for Cebit 2018

35. (1) IOTA and Volkswagen to present proof of concept at CeBIT 2018

36. (1) IOTA Partner and Affiliations | Untangled World

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