Volkswagen and IOTA Build the Future

Volkswagen is one of the world’s largest automakers, and a primary focus of IOTA is on the mobility sector. Let’s pull back the curtain on just how much of an impact a collaboration between the two might have.

Fact Box:

– 10.7 million vehicles delivered in 2017 (new record)

– €230.7bn revenue

– 642,000 employees

– Headquarters in Wolfsburg, Germany

IoT is still in its infancy. Billions of devices will flood the market in the coming years, and their data streams will need to be coordinated in the best scalable way. Without a scalable solution, there is no use in even collecting all the data in the first place. Before his official role at the IOTA Foundation, Jungwirth appeared on German national TV and called IOTA “a very exciting” solution to this problem. After he had posted tweets about IOTA and liked the technology, Johann Jungwirth became a member of IOTA’s supervisory board in January 2018. You might not know this name immediately, but Jungwirth is Volkswagen’s Chief Digital Officer (CDO). His decision to join the IOTA Foundation bodes well for IOTA’s adoption by the industrial sector.

Volkswagen’s vision of the future

In order to get a good overview of how Volkswagen is planning to implement IoT into its cars, lets take a look at the keynote speech by Jungwirth that was given at the Bosch Connected World conference 2018. He explicitly talks about the advantages of IOTA:

When you read how Volkswagen envisions the future of “tomorrow’s world“, you might consider this as rather utopic. For now.

Volkswagen has used this year’s CEBIT fair, the world’s largest and most internationally representative computer expo, to promote their partnership with IOTA. Fujitsu did the same thing at Hannover Messe, as detailed in a previous article. Here’s a clip from CEBIT 2018:

At this point, the reader should be wondering why global player would do this if the people in charge were not totally convinced of IOTA’s technology?

So let’s have a look at what’s on the horizon.