IOTA, Volkswagen to Release Digital Carpass
The carpass will provide real-time information about vehicle performance, making it easier for Volkswagen to recall cars immediately in case faults are detected.
IOTA to Provide Volkswagen with Digital Carpass
IOTA and Volkswagen have entered into a collaboration to provide Digital CarPass. The project is set to be launched during the first quarter of 2019. Under the project, IOTA will offer network tracking information that will be used to evaluate the performance of Volkswagen vehicles.
The partnership was announced during an event held in Tel Aviv. Benjamin Sinram, Volkswagen’s Head of Blockchain highlighted that the firm was working around five blockchain projects. He noted that IOTA’s collaboration is the first project in line.
The entire partnership between the two firms was made public back in February. With the Friday development, its the first entry of IOT into the automobile sector. After the launch, Volkswagen car owners will be able to determine efficacy and quality.
IoT entry into the sector is massive news for the mainstream adoptionof blockchain technology. Other top brands have also deployed blockchain in tracking car performance. Renault, BMW, Ford, and General Motors recently launched a MOBI. The platform was meant to push for overall adoption of blockchain network in automobiles.
Impact of Blockchain to the Motor industry
The development is set to streamline working relationships between clients and car manufacturers. Such development will boost efficiency. Manufacturers will be able to receive instant data about the performance of different car models. Such data will be used to improve vehicleperformance in the future. With data, any malfunctions can be immediately detected and cars recalled.
Analyzing the data collected will be vital in helping customers determine vehicle performance on top of knowing the perfect time for inspection. Mechanics can use the data to fix challenges.
The IOTA, Volkswagen project might cause massive disruption in the industry. The Tangle technology that has been dominant in the industry might be wiped away. In comparison, Tangle is different from blockchain on the DLT basis. According to IOTA, the system will bring in more users since it will solve the problems.
Elsewhere, IOTA is also working with the Taiwanese government on a project meant to issue digital ID cards. This is part of a project aimed to transform Taipei into a smart city.