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Audi and IOTA Foundation Announce Partnership

Anca F. by Anca F.
July 26, 2018
in Finance & Blockchain, Latest News

The IOTA Foundation, a very important blockchain solution provider, has announced that it will be entering a partnership with German automobile company Audi.

The IOTA Foundation stated the following with regards to the collaboration:

“We can’t imagine life without mobility, yet nowadays ‘mobility’ goes way beyond the car, encompassing infrastructure solutions and new concepts of locomotion, as well as pedestrians. But what will the premium mobility of the future be? Who will define it, who will influence it and who will shape it?”

IOTA believe that Audi holds the answers to all of these questions.

The new alliance between Audi and the IOTA Foundation was made public yesterday in Berlin and seeks to develop a ‘permissionless mobility ecosystem’.

From IOTA’s official announcements:

“In its efforts to build a permissionless mobility ecosystem, the IOTA Foundation just started a one week Google Design Sprint with Audi Denkwerkstatt — which is Audi’s Think Tank — in Berlin to explore Tangle-based use cases, build a low-level prototype and to gather customer feedback. The aim is to establish business models independently or in cooperation with others. This new 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.”

Blockchain technology and transport are two notions that complement each other perfectly. Blockchain is very promising which can assist all segments of the automotive industry but IOTA does seem to be set on focusing on this particular aspect of mobilities.

Tags: audiiota foundationpartnership
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