Crypto at a glance Volkswagen & IOTA To Show Software Over-The-Air Proof Of Concept
Volkswagen & IOTA 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 technology. CEBIT 2018 is being held in Hannover Fairground, Germany, from June 11-15.
Volkswagen & IOTA
Interestingly, the same report references a two-year legal battle between Volkswagen and a team of European security researchers that identified and attempted to publish the details of a security flaw present within the Volkswagen remote keyless vehicle entry system. Volkswagen tried to shut down the researchers, using litigation as a method of keeping security flaws under wraps.
Volkswagen’s latest work with the IOTA project, however, will see the automotive manufacture push for “transparency and digital trust with customers, authorities, and third parties” by using the immutable nature of the IOTA blockchain to implement software updates and, in future, provide customized services such as usage-based insurance.