IOTA’s Digital Car Pass Set for Launch in Q1 of 2019 - IOTA News, MIOTA Price Analysis. Sunday, September 2
IOTA Cryptocurrency News
IOTA’s Digital Car Pass Set for Launch in Q1 of 2019
IOTA has prominently been associated with the automobile industry even though its Tangle technology has broader applications such as in IoT. The project is set to launch its first application in collaboration with Volkswagen in the Q1 of 2019.
The product called Digital Car Pass is meant to evaluate the performance of Volkswagen cars with the increase in their mileages. In a blog post, the IOTA team wrote, “For the development of the technology, #Volkswagen tapped the #IOTA Foundation, a Berlin-based nonprofit and one of the best-known initiatives in the #crypto community. Sinram said that #CarPass will be launched in early 2019.” #VW #Tangle #SmartMobility
According to Volkswagen’s Head of Blockchain Benjamin Sinram, the company has 5 blockchain basd initiatives in their bid to integrate the technology in their vehicles but the project that has reached an advanced stage is the IOTA’s Digital Car Pass.
The VW-IOTA partnership was announced in February but this is the first indication that the collaboration has been going on as planned and a launch will enable the teams to gauge the efficiency and reliability of the Tangle on IoT.
IOTA is Perfect for ROS
Robotic Operating System programs have been known to be challenging in that they are tied to the hardware so when a particular program has been written it is not reusable.
However, a programmer is claiming that that he has found the IOTA system perfect for ROS and has been able to integrate IOTA into an ROS package he wrote. The nodes created are used in processing tasks and the creation of topics. Interestingly other nodes in the network will be able replicate the action of the original node by subscribing to those topics.
The concept according to Michael who made the post in a Medium article would enable ease of integration of the IOTA Tangle technology with any kind of robot.
IOTA Dips Just Days After August Peak
IOTA lost 18 percent this week after the August high that saw the coin trade at $0.812 dipping under the support located at $0.7295 with incremental bearish pressure opening the coin to the next support at $0.675 which is unlikely to hold due to building bearish momentum.
This was expected due to the buy positions entered in by most traders hoping to execute the intraday peak based mainly on strong fundamental indications such as the announcement that Fujitsu would be using the IOTA Tangle in the manufacturing industry, interestingly it experienced a dramatic change of trend after the exit of the bull flock.
The RSI indicator has been above 40 indicating neutrality but by Saturday morning was 57.76 effective showing a trend reversal breaking the upside. The coin is presently consolidating reminiscent of the late June forming a recurring cup model.
Trading View reports that, “Any upside attempt is still limited at 0.7947 and 0.95 as 1W remains bearish ( MACD = -0.282, Highs/Lows = -0.1543, B/BP = -0.5574). We remain short on IOTA, TP = 0.3199 (November 02, 2022 low) and 0.1459 (July 15, 2022 low) in extension.”
Presently, long positions are advised to have appropriate stop limit.
MIOTA/USD Price Chart, Sunday September 2nd:
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