Today it has reported that the Chief Digital Officer (CDO) of Volkswagen, Johann Jungwirth, is joining the Foundation’s Supervisory Board. The news takes after the current securing of Dr. Hongquan Jiang, Partner at Robert Bosch Venture Capital to the Iota Foundation Advisory Board.
Jungwirth has been the CDO at Volkswagen since November 2015 where he has been responsible for driving the digital transformation of Volkswagen Group’s 12 brands that include Porsche, Audi, Bentley, Buggatti, Lamborghini, and other well-known car brands.
The Foundation says Jungwirth’s wide ability and vision without bounds of versatility implies the Iota Foundation can work quicker to put up the innovation for sale to the public and empower new plans of action and applications for IoT and past. Assist coordinated efforts amongst Iota and Volkswagen will be declared over the coming weeks.
The Iota technology has already enabled payments worth billions of dollars to be transacted without fees and has been utilized for use cases including transparent value chains in logistics, secure Over-the-Air Updates and feeless micropayments for electric vehicle charging and parking.