Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility

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Leonard Dorlöchter, co-founder of Peaq Network, said the future of smart cities “wouldn’t work and function if they were built on a Web2 platform as we know them today.”

A Jaguar electric vehicle showcasing decentralized tech w/ integrated payment abilities. Source: Cointelegraph

When it comes to mobility, the goal for users is to move from one point to another. This is done via public transport, micro-mobility scooters and car sharing or personal cars, which need parking spots and charging. According to Busch, decentralized identities of items on open blockchain networks are the “most promising technology:”

He also commented that the mobility sector is a great example to big players in the industry and others of how Web3 and decentralization can help with“The EU government is planning to demand that every person in the EU in the future has a decentralized ID.” “If we look into the future and think about smart cities, they wouldn’t work and function if they were built on a Web2 platform as we know them today.”

 

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