Meanwhile, there are more and more application examples of how IOTA can be used to shape the mobility of the future. We want to introduce you to some examples here.
Already at the CEBIT fair this year, Volkswagen showed what applications they see for IOTA . The following practical examples were available at Volkswagen.
- Vehicles could identify themselves in front of parking garages or garages with the help of IOTA. For example, the garage door could automatically open when the right vehicle drives up. Or car parks could automatically deduct the parking fees from the car’s IOTA balance when the vehicle leaves the car park.
- With the IOTA network it will also be possible to automatically update the software of cars. In addition, it can be checked and ensured that vehicles also have the latest software running.
- Similar to Tesla, use cases are conceivable in which the owner pays IOTA and then additional functions are unlocked in his vehicle. At Tesla, for example, all functions are integrated right from the start, and customers can then buy individual functions later.
- Also an interesting application example are self-driving taxis. From studies we know that most cars stand around for 23 hours a day. Here are application example conceivable where the self-driving car can act as a taxi in this time.
- Electromobility is also the source of more and more fast-charging stations. The IOTA technology can help here that the vehicles automatically pay for the charged current IOTA. Even the complete billing can be done on the basis of the IOTA Tangle network.
In addition, the IOTA team has also developed its own application example. Among other things, they built a Lego truck that only drives when it receives IOTA credit.
It would be conceivable, for example, that in the future a container is loaded onto a truck and the container or the freight company immediately pays for the journey in the background. All billing could be done without delay.
The big advantage of IOTA is that there are no transaction costs. For each transaction only two more have to be confirmed. The Tangle network makes it easy to share data and information without incurring fees every time. Nevertheless, the data will be retained immutably in the Tangle network.
If you do not have IOTA you can buy the cryptocurrency at CoinFalcon for Euro. In addition, IOTA is now also offered by eToro for Euro. For experienced investors, Plus500 offers the option of trading IOTA (and other crypto currencies) with a maximum leverage of 1: 300.