Audi partners IOTA Foundation for exploring Tangle-based future mobility

by Autocar Pro News Desk , 27 Jul 2018

In its efforts to build a permission-less mobility ecosystem, the IOTA Foundation just started a one week Google Design Sprint with Audi Denkwerkstatt, — Audi’s Think Tank — in Berlin to explore Tangle-based use cases, build a low level prototype and to gather customer feedback.

The Audi Denkwerkstatt team consists of seven Audi employees who support 15 colleagues from all business areas, levels and age groups in generating, validating and implementing ideas about premium mobility within six months. The aim is to establish business models independently or in cooperation with others.

This innovative way of working is exemplary for how car manufacturers approach innovation and is a great opportunity for IOTA to be maybe integrated into a new mobility solution with expertise from Audi.

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 and safe machine to machine communication and transaction settlement. The partnership aims to explore how the premium mobility of tomorrow will utilise new concepts of distributed ledger technologies (DLT). IOTA’s Tangle is claimed to be an innovative type of DLT specifically designed for the 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. 

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