Famous for car manufacturing, Volkswagen AG are putting blockchain and crypto technology to real use in another important support from an industry giant.
The company confirm a Proclaimed on Twitter, that the company outlined many areas in which technical and crypto-property are being used
On the twitter post the company mentioned their website titled quoted “putting blockchains on the road” the company describes their enthusiasm for space and “huge” ability to believe that it provides to the automotive industry.
According to the IT grorp of Volkswagen, Benjamin Sinram and Nicolai Bartowiak explained on twitter:
“Blockchain technology also offers many opportunities when it comes to auto driving vehicles. It can protect cars from hackers compared to other technologies, and help with automatic payments on fuel stations or car wash.”
Although, the details are not yet to emerge how the integration will work. In June, IOTA foundation board member Ralf Rottmann expressed his zeal for the company’s openness for the IOTA Token.
Many industry-leading companies have taken significant steps in the blockchain space, it will be encouraging to the crypto community that a company of Volkswagen’s size and scope is interested in the crypto-assets themselves as well as the broader distributed ledger tech that has many companies enthused.