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IOTA [MIOTA] and AUDI partner-up to explore Tangle based mobility use cases

Simran Alphonso

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IOTA [MIOTA] and AUDI partner-up to explore Tangle based mobility use cases
Source: Pixabay

On 25th July, IOTA announced the partnership with AUDI Think Tank. IOTA Foundation put together all its efforts to announce the introduction of a permissionless mobility ecosystem.

It started a one week Google Design Sprint with Audi Denkwerkstatt, which is a Think Tank of Audi. This collaboration was carried out to explore Tangle-based use cases, build a low-level prototype and to gather customer feedback.

IOTA Token official Twitter account tweeted:

“Audi Think Tank & IOTA Foundation explore Tangle-based mobility use cases https://blog.iota.org/audi-think-tank-iota-foundation-explore-tangle-based-mobility-use-cases-29d43e1cf51 … #IOTA #Mobility”

OliverHoerr, a Twitterati commented:

“Sounds like a great topic for a Design Sprint. Would be interesting to hear more about the outcome.”

The Audi Denkwerkstatt group comprises of seven Audi representatives who bolster 15 partners from all business territories, levels, and ages. The team helps in creating, approving and executing ideas regarding premium mobility within six months. Their goal is to build up plans of action autonomously or by the participation of others.

In 2012, Audi Think Tank, on their official website, spoke about seeking “intelligent approaches for the mobility of tomorrow”. It stated:

Audi Think Tank | Source: Audi Think Tank official portal

Audi Think Tank | Source: Audi Think Tank official portal

According to its blogs, IOTA believes that this way of working is an excellent route to learn how automakers approach innovation and development. IOTA sees it as a great opportunity to incorporate into a new mobility solution backed by the skills of Audi associates.

IOTA in its blogs states:

“IOTA’s open source protocol is predestined to be an innovation accelerator for any kind of business ideas that rely on trust in data, scalable & safe machine to machine communication & transaction settlement.”

The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies [DLT], including the IOTA Tangle.

The IOTA Tangle is an innovative type of DLT, specifically designed for the Internet of Things [IoT] environment. It is an open-source protocol facilitating novel Machine-to-Machine [M2M] interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other types of ‘Oracle’ and other data.

Difference between Tangle and Blockchain

Difference between Tangle and Blockchain

The Tangle and a blockchain are two different platforms based on the same principles. The tangle is built on a Directed Acyclic Graph [DAG]. Instead of building a chain where blocks are added in intervals, the tangle can achieve transactions with no transaction fees.

Tangle is a new concept by IOTA developers. It is a solution to the on-going basic blockchain technology, as it has no mining, no transaction fees and is fast. In Tangle, transactions are linked to each other like a web-tangle. Tangle does not rely on the concept of blocks. Each transaction is verified through Proof-of-Work [PoW] by the originating device.

This technology is still being worked on by the developers at IOTA. The use cases of its technology have been applied to various fields such as digital identity cards, data marketplace, biometrics, and more.

While some Redditors and Twitter users have expressed their excitement, the others have speculated various possibilities of IOTA and Audi.

Raafell, a Redditor said:



“Perhaps since VW is working on full electric vehicles Audi is also doing the same since they are parent companies. #speculation”

RahulKJ, another Redditor said:

“Patience pays off, first porche then volkswagen and now audi. what are you guys doing.. damn”

Junwei Jas, a Twitter user tweeted:

So glad to know TANGLE is working well.. the company deserves more its a not-for-profit org. more to build and more to come. Always happy to see IOTA grow #IOTAandAudi”





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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