September 11, 2018 341By Adrian Barkley
“The magic quality of the Internet of Things is the connected world it makes possible: a world that’s getting bigger as the technologies linking devices become smaller, cheaper and faster.”Fujitsu The Tokyo based multinational giant Fujitsu, is working on an IOTA based project to transform the manufacturing and automotive marketplace. The company believes that this Tangle Technology could bring IT services and manufacturing to a whole new level. A member of the board on the IOTA foundation, Dr. Rolf Werner said:
“The possibilities of decentralised 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.”Volkswagen At the 2018 event CEBIT, Volkswagen and IOTA both presented a new Proof of Concept (PoC). This new PoC technology holds an idea in which Volkswagen would automatically update its products and its car system. Driverless cars are making a bigger and bigger impact in the market and so Volkswagen aims to use the Tangle Technology for easy transmission of data over radio signals.