As the world is moving closer to creating a robust Internet of Things (IoT), the importance of the IOTA Foundation is becoming clearer to several prominent organizations. Bosch, Volkswagen, and Fujitsu are three such companies that have expanded their industrial partnerships with IOTA, helping to add the IoT infrastructure to their products. All three partners have previously worked on several IOTA applications with their products.
Using IOTA for Different Use Cases
All three partners that have renewed their industrial collaboration with IOTA have business interests in entirely different sectors. However, they have all experiments with the technology to find new use cases for the Tangle-based blockchain. Bosch, for instance, introduces a new sensor XDK or Cross Domain Development Kit.
Volkswagen has worked to create a brand new proof of concept that debuted at CEBIT 2018. This technology can be integrated with the company’s connected cars and can be used to ensure that the vehicles get all the data they need for functioning correctly. This application is critical for the automobile world as many auto manufacturers are showing interest in driverless or autonomous cars. Data transmission, sensor data collections and sharing of a robust blockchain will be important in ensuring that the car remains safe in real-world conditions.
Fujitsu is also using IOTA as a test project in the automotive and manufacturing sectors. It uses IOTA as a new protocol standard for information technology services and manufacturing IT products. The company also has smart factories using IOTA’s Tangle that helps in improving the efficiency of the manufacturing process.
What Do Decentralized Apps Mean for IOTA?
In the words of Dr. Rolf Werner, who was head of Central Europe at Fujitsu, before joining the IOTA Foundation Supervisory Council in April, decentralized apps hold several possibilities for Tangle. He said:
“The possibilities of decentralized and secured applications based on IOTA Tangle as a Distributed Ledger Technology are immense. They go far beyond machine-to-machine payment and include, for example, tamper-proof monitoring of the supply chain and secure identity management, just to name a few.”
The IOTA Foundation has several more partnerships with prominent companies like Microsoft, Accenture, DNV GL and educational institutions like the University of Oslo and Norwegian Institute of Science and Technology, among others. Its native digital asset MIOTA is the 12th largest cryptocurrency in the world by market capitalization.