Blockchain Network IOTA, ITIC Partner On Smart Mobility Testbedsbr>
The IOTA Foundation has partnered with the International Transportation Innovation Center (ITIC) to build a global alliance of smart mobility testbeds. The news came after IOTA named ITIC CTO Joachim Taiber as an advisor.
IOTA Foundation, a not-for-profit foundation, is the creator of cryptocurrency IOTA and IOTA Tangle, an open-source distributed ledger focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA’s transactions are free, regardless of the size of the transaction. The system claims to handle an unlimited number of transactions simultaneously. The market capitalization of IOTA is over $10.8 billion, making it the tenth-largest cryptocurrency in circulation.
The International Transportation Innovation Center is a non-profit organization headquartered in Greenville, South Carolina. The organization’s mission to develop a global network of open and closed testbeds to develop and validate technologies that support connected, automated, and zero-emission driving. The organization offers automotive OEM’s, suppliers, information and communication service providers, utilities, and research organizations. It also offers startups a variety of services that help to build an ecosystem of on-demand mobility services for multi-modal transportation systems.
Under the partnership, the two companies’ publicly and privately operated testbeds will participate in the so-called “ITIC Mobility Testbed Alliance,” which is a dedicated initiative of ITIC supported by the IOTA Foundation. The ITIC Mobility Testbed Alliance is aimed at strengthening the company testing capabilities towards the requirements of a global market of distributed developers.
“Testbeds enable the incubation of cutting-edge technology, so that we can work on rapidly innovating and further iterating it to reach a production-ready stage,” said IOTA Co-Founder Dominik Schiener. “We need to ensure that the future of mobility and the Internet of Things is secure, safe, and fully autonomous.”
The goal is to to create a worldwide community of developers building smart mobility applications utilizing IOTA’s blockchain technology and data market platform. The goal is to enable a shared automated and sustainable mobility ecosystem with the highest possible level of security. ITIC will focus on building a global network of open and closed testbeds to incubate and validate artificial intelligence, sustainable mobility services in “smart city” environments. These will use virtual, augmented and physical testing methods. It will also generate a test data pool that can be utilized by the whole smart mobility ecosystem.
In addition, ITIC will also engage as a project partner in the IOTA Ecosystem fund to focus on open source infrastructure development for automated vehicle testbeds.
“The age of a shared data economy for mobility services requires standardized ways of performing data transactions considering security, scalability and sustainability criteria across very large sensor and actor networks, as well as access to high quality test data,” said Taiber. “And this is also a global business. Therefore, our model of funding smart mobility innovation projects will have to work across multiple testbeds and multiple stakeholders, whether on the vehicle or infrastructure side and across markets.”