IOTA’s Partnership With Audi – Shaping The Future of Mobility

[PRIBO247]

IOTA Foundation gave good news to its community on
Saturday, 15th December 2018. The results of its
partnership effort with Audi was highlighted to a
special crowd in Ingolstadt and Berlin.
Audi’s think tank, Audi Denkwerkstatt and the IOTA
Foundation worked for four months in collaboration to
better utilise IOTA’s technology such as the Internet of
Things.

How did the collaboration work?
In the first few weeks, Audi worked on better
understanding the problems in the automotive space,
by interviewing experts and researching.
The next phase was the prototype finalization, the
collection of user feedback and progressing to the
ideal product.
IOTA Foundation’s team worked throughout the
process in technological help, business models and
use cases.
Malte Schönefeld from Audi declared:

”We really had a great time working with the
folks from the IOTA Foundation. Exploring new
topics is always exciting and it requires
excellent team work and dedication to really get
something done within six months.”

Janine Härtel & Jan Pauseback from IOTA completed:

“Audi Denkwerkstatt has a nice track record of
projects and IOTA is proud to have been able to
experience the work style and team spirit”
It is another proof that innovation requires
collaboration and a hands-on mentality.”

Zerocrypted Opinion
IOTA stands for Internet of Things Application and
works in the facilitation of transactions between
devices on the Internet of Things (IoT). IOTA works
on transactions without the block and chain, and so
there’s no central ledger and no miners to power the
network. The devices on the network randomly verify
each other’s transactions which are known as
Directed Acyclic Graph )DAG) which IOTA prefers
calling Tangle.

IOTA’s Tangle grows as the network grows, and with
free and fast transactions IOTA is seen to be making
quite an impact.
The collaboration with Audi portrays how technology
like IOTA needs to get down and dirty with a hands-
on mentality which proves that human interaction is
essential.

An interesting hint that Audi is aiming to use IOTA for
the future of automation is when Audi is reported to
have invested 14 billion Euros in e-mobility self-
driving cars. Audi is defining itself to future-oriented
products and services to stay attractive and relevant
in the market.

IOTA’s native token MIOTA is in the green at the time
of writing at $0.267417 with a market capitalisation of
$743,294,729. It’s ranking of 12th position proves that
technological capabilities and strong partnerships will
help a Cryptocurrency achieve better results.

https://zerocrypted.com/

[Munareal]

Good news. Any partnership that will expose the cryptocurrency to the limelight is a welcome development