While Tesla could be doing good when it comes to automotive developments, the rest of the conventional car makers are catching up in the game. We are seeing Volkswagen and IOTA demonstrating a Proof-of-Concept (PoC) that uses IOTA’s Tangle system for autonomous cars at the Cebit’18 Expo in Germany on June 11th, as reported by Marie Huillet in Coin Telegraph.
#Volkswagen is all in on @iotatoken at CeBIT. So cool to see a fully integrated solution with everything coming together! #permissionless #innovation pic.twitter.com/GgSraJJF3l
— Ralf Rottmann (@ralf) June 11, 2018
Multiple Russian corporate giants, including state-owned Gazprombank, have also created a joint venture that plans to develop projects in blockchain and the digital economy, which allow partners to maximally effectively implement comprehensive, innovative projects across industries, to implement solutions based on blockchain technology and the Internet of Things, as reported by Molly Jane Zuckerman in Coin Telegraph.
On the other hand, Ireland has positioned itself as a hub for tech business in recent years, attracting foreign companies with a 12.5 percent corporate interest rate as well as tax credits for research and development.
A number of firms located in Ireland have developed applications using blockchain technology including Circle, AidTech, and Arc-Net, while Deloitte has a dedicated blockchain laboratory in Dublin. In April, Mastercard announced it will hire on more blockchain specialists in the country, reportedly to boost innovation in the field of payments.
IDA Ireland, a governmental agency responsible for attracting foreign direct investment (FDI), is leading the initiative to promote blockchain investment and development in the country, as reported by Helen Partz in Coin Telegraph.
These are quite a leap forward progress as the regulators step in to secure the public interest. It’s a century of technology innovation in good progress.
As what Jimmy Wales, the co-founder of Wikipedia puts it in an interview with Coin Telegraph:
You can’t ban blockchain. It’s math.
