IOTA and Audi Reveal Results of E- Mobility Project

[PRIBO247]

The IOTA Foundation has published a new blog post that
details its partnership with Audi, the major German automotive
manufacturer. The partnership began in July, when the two
groups initiated a five-month long effort to bridge the
automotive sector and the Internet of Things.
Although details of the project were initially kept under wraps,
the two teams gradually allowed details to come to light. The
effort reportedly focused on developing e-mobility , and we now
know that a real-world product is slightly closer to seeing a
release.

Project Produces a Final Result
IOTA and Audi’s joint project concluded earlier this month,
when the two teams gave a live presentation in Berlin and
announced positive results. IOTA followed up with a public
announcement on their blog, which essentially detailed each
team’s responsibilities and the end result of the project.
Audi was largely responsible for developing the product: Audi
Denkwerkstatt, the company’s think tank, carried out research,
investigated problems and solutions, and created prototypes.
IOTA, meanwhile, provided team members who served as
consultants and provided information.
Now, after months of work, the project has finally produced
results. Although it is not clear exactly what the project will
look like when it reaches consumers, we do know that the
product has a focus on mobility and is “customer centric.”
IOTA has also hinted at future announcements, stating that
“the end result is focused on enabling trust in e-mobility — it is
not yet clear where the path finally goes — so stay tuned for
further information!”

IOTA’s Use Cases
IOTA has become a major participant in the machine-to-
machine (M2M) economy and the Internet of Things. These two
areas involve electronic devices that can communicate and
handle funds autonomously. IOTA can be used to develop
solutions in these areas thanks to its complex and efficient
network, the Tangle.
So far, IOTA has been used to create charging stations for
electric vehicles, a supply chain for waste collection , and
several other systems. Although any type of device can be part
of the Internet of Things, vehicles have become a major focus
in that area. This partially explains why IOTA and Audi have
decided to join forces.

However, IOTA also has other practical applications. Although
it is fairly experimental, it also provides some of the other
functions commonly found in blockchains . For example, it
allows payments to be made with its native IOTA token . In
other words, IOTA holds promise in a variety of areas, from
facilitating basic transactions to reshaping the entire machine
economy.

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