IOTA And HIGH MOBILITY To Connect Car Manufacturers And App Developers - IOTA News. Thursday November 1st
IOTA and HIGH MOBILITY want to bring car manufacturers and app developers under one single banner
Their project aims to provide standardized tools for developing smart mobility projects
A new initiative to produce scalable, easy-to-use tools for the development of projects in a nascent ecosystem is currently baking in the oven, and the chefs goes by the name of IOTA Foundation, and HIGH MOBILITY. On October 31, these two startups engaged in a partnership to provide a solution that will bridge the gap between app developers and car manufactures, in hopes of becoming the hub for the building of smart mobility services and other apps.
According to a Medium post, both companies have signed a Memorandum of Understanding, and a few weeks later they executed their first collaborative project. The parties have expressed their satisfaction with the results of their joint effort. Head of Mobility and Automotive for the IOTA Foundation, Alisa Maas, has expressed her thoughts on this new agreement:
“When I met the founders Kevin and Risto in 2016 in Stuttgart, I immediately liked their pragmatic approach and focus on solving real industry problems. I am convinced that bridging the gap between corporates and developers and implementing easy to use and scalable tools will solve major pain points in adoption,” she said, adding that it is important to promote collaboration with other projects that contribute with the growth of “a multi-player ecosystem”, and the permanent innovation.
For his part, the CTO at HIGH MOBILITY, Kevin Valdek, believes that IOTA’s distributed ledger technology (DLT) will allow them to realize their vision of future mobility, as the many applications and future services they seek to provide can be realized on their platform. “In the first blueprint we see not only how vehicle data can be put onto a ledger, but also how it can be combined with charging infrastructure and payments. I’m confident that this will get ideas flowing in our community,” he commented.
The Internet of Vehicles
IOTA’s main goal is, to put it simple, to revolutionize the industry with the introduction of a decentralized Internet of Things (IoT) platform, in which machines can communicate with each other, optimizing their performance with the exchange of data in real-time. And while this concept implies any type of Internet-enabled machinery, it seems that their main entry point is the car industry.
For example, in the bIOTAsphere event held last September 27 in Toronto, Canada, it was unveiled a Proof of Concept that involved the Tangle and real-time data exchange for the improvement of charges made to clients by car insurances. Other projects involving smart mobility are touted as potentially beneficious even for the future of the planet, by managing energy consumption more efficiently.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither jury.online nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from jury.online. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
IOTA’s Slowdown Sees It Slip Behind In Ranking
IOTA Records New Year Low-Drops Over 6%
IOTA (MIOTA) Price Analysis And Prediction-Tough End Of The Year For The Coin
IOTA Prices Soar - Still Gunning For The Top Ten Ranking
IOTA To Automatize Parking Payments - IOTA News
IOTA Price Analysis: On Track To Recovery, Begins The New Month On A Positive
You need to login to create comments.