- Ford Germany visits IOTA industrial lab Aachen to discuss a new proof of concept
- IOTA is making significantg strides to reaching mass adoption through the automobile industry
- The innovation success of IOTA could well be what the crypto community needs to achieve mass adoption of cryptocurrency
On May 7, representatives from Ford Germany reportedly visited the IOTA Industrial Lab Aachen (IILA) to discuss a proof of concept. This will see Ford Germany join Jaguar in developing for the blockchain-alternative tangle.
IOTA ranks high in the automobile industry
Ford is a member of the Mobility Open Blockchain Initiative (MOBI) which explores distributed ledger and blockchain technology utilized in the development of a digital mobility ecosystem. The main objective of MOBI is to make transportation safer, available and more affordable. On May 2nd 2018, IOTA joined MOBI to collaborate on this endeavor.
IOTA’s technology which is commonly associated with the automobile industry has seen a lot of success recently. Jaguar is partnering with the foundation to develop a smart wallet that will be used to reward users for sharing data. Moreover, the IOTA foundation is set to launch the digital car pass in partnership with Volkswagen in the first half of 2019.
The project has been making large strides in the crypto space, and now it is ranked by KPMG among the most innovative cryptocurrencies of today. Major partnerships in the car industry such as Jaguar, Audi, Bosch, and others all complement to its success.
About ILLA, IOTA Industrial Lab Aachen
ILLA is a community run lab that offers students, lecturers, and enthusiasts an opportunity to research various areas such as artificial intelligence and distributed ledger technologies. It was established in 18th April 2018. With a continually expanding team, ILLA has had major developments with a team consisting of graduate students as well as doctoral students, technicians and student assistants from the laboratory of machine tools and production.
IOTA has gone beyond the typical blockchain technology to solve major challenges experienced in the crypto world around scalability by developing the Tangle that allows scaling of large volumes of transactions which make it possible for multiple transactions to be processed at the same time. With such ideology and innovations, it will definitely breach the gap of cryptocurrency adoption among crypto antagonists.