IOTA and the EDAG Group have joined forces to introduce CityBot, a revolutionary blend of IoT and autonomous mobility. The aim is to capture a portion of the projected $80 billion revenue from smart cities by 2026. CityBot is set to make its debut in Frankfurt in 2023.
The partnership between IOTA and the EDAG Group has yielded numerous urban applications for the EDAG Smart Robot Car, which is powered by IOTA’s Tangle technology. This includes using the car as a trash collector and lawn mower, as well as utilizing the Tangle technology as a payment system and secure data store. Collin Brown, in a tweet, emphasizes the importance of IOTA and Shimmer for the future.
The alliance between IOTA and the EDAG Group, which was established in 2019, continues to flourish, paving the way for groundbreaking autonomous mobility solutions. CityBot, the flagship project, leverages IOTA’s blockchain for secure data transfer and payment protocols. The year 2023 holds great promise, as CityBot is scheduled for real-world trials on the streets of Frankfurt.
EDAG CityBot offers a glimpse into the future of urban mobility. With its fuel-cell propulsion, it represents an eco-friendly solution that optimizes the utilization of urban resources. It boasts various functionalities, such as serving as a group taxi, cleanup vehicle, and delivery agent. These functionalities are enhanced by IOTA’s blockchain, ensuring secure communications and micro-transactions. Collin Brown further generates excitement about the project by providing more information in a tweet.
IOTA plays a pivotal role in this collaboration, as its blockchain enables machine transactions for both digital and physical goods. This aligns with EDAG’s vision of a multi-functional vehicle that operates tirelessly, reducing the need for parking space. Through IOTA’s Tangle technology, vehicles can interact autonomously and exchange data, while payments are seamlessly processed using IOTA cryptocurrency. This ensures effective data transfers and transactions, meeting the IoT requirements of the project.
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