Volkswagen, the German car manufacturing giant, and the IOTA Foundation are set to demonstrate at CEBIT 2018 on Tuesday, a proof of concept of how the trusted transfer of software over-the-air to vehicles can be securely documented using the latter's Tangle distributed ledger .
CEBIT 2018 is being held in Hannover Fairground, Germany, from June 11-15.
Johann Jungwirth, the chief digital officer of Volkswagen Group, announced the move on Twitter. He became a member of the Supervisory Board of the Berlin, Germany-based blockchain non-profit IOTA Foundation earlier this year.
"Great example how distributed ledger technology can be used in the future," he tweeted.
IOTA is a decentralized open source distributed ledger that runs on a directed acyclic graph, or DAG, protocol called the Tangle.
The platform offers scalable technology that has been specifically designed to be the backbone for the Internet of Things, or IoT. Transactions happen on the ledger peer-to-peer without any transaction fees and with unlimited scalability.
In crypto exchanges, the corresponding token is listed as mega IOTA or MIOTA which is equivalent to 1 million IOTA.
Big names in the tech business are increasingly adopting the nascent technology in the research and development of next generation devices.
Japanese information technology conglomerate Fujitsu demonstrated IOTA Tangle in a supply chain management context at the Hannover Messe trade fair in Germany in April. Several other companies including Huawei and T-systems also held as much as 10 demos of IOTA during the event.
Fujitsu To Demonstrate 'Next Gen Blockchain' IOTA At Hannover Messe Trade Fair
World's First IOTA-powered Charging Station Launched In Netherlands
IOTA Price On The Rise After Microsoft Partnership
Automobile industry experts reckon that more than 250 million connected vehicles are set to hit the road by 2020. Increased level of automation means remote software updates of car components would become frequent, especially in autonomous cars.
This is where IOTA plans to play a major role, aiming to become the underlying protocol for carmakers and suppliers to ensure secure updates and transparent access to audit trails, a document shared by Jungwirth on Twitter said.
The project aims for the documentation of over-the-air (OTA) update process that will step on an immutable data storage medium and audit trail, where data integrity can be ensured.
The effort also envisions integration of IOTA technology into the existing legacy system to prove interoperability and production readiness.
Adopting the IOTA Tangle would help Volkswagen to establish transparency and digital trust with customers and authorities and third parties. The car manufacturer would also have the ability to provide an evidence to external parties and to handle product recalls efficiently.
Further, Volkswagen will be able to record high volume of incremental updates and different software versions. The company can also ensure tamper proof and transparent statistical recording.
Support from the IOTA Tangle, often called the next generation blockchain, can help Volkswagen provide on-demand car features and allow vehicle-to-vehicle as well as vehicle-to-infrastructure interaction.
Volkswagen would also be able to provide an ecosystem that uses secure and immutable data to customize services like usage based insurance.
"Distributed Ledger Technologies (DLT) are crucial for the futue of trusted transactions," Jungwirth said. "IOTA has great potential to become a DLT leader with the Tangle approach."
by Jyotsna V