The #Volkswagen Group AG has confirmed late last night that they are indeed working on a #blockchain concept to incorporate vehicle date using #IOTA and #Ethereum
This is big news coming from one of the largest auto manufacturers in the world.
Many people believe that this could send the price of #IOTA soaring as production numbers yearly for Volkswagen have been steadily climbing despite their recent emissions debacle.
Why Volkswagen Needs Blockchain
It doesn't really matter which crypto Volkswagen uses, so long as it keeps one foot ahead of its competitors. Based on their annual production numbers it remains clear why they are choosing to enter the space now.
Risk -vs- Reward
The upside is greater than the downside based on their earnings:
To read the actual release of information on their website, go here.
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