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- Tata Elxsi Ltd. has planned on presenting a technical paper on an IOTA-based “Scalable Decentralized Solution for Secure Vehicle-to-Vehicle Communication.”
- Tata Elxsi is a Bangalore-based subsidiary division of the multinational conglomerate Tata Group.
- IOTA was said to have chosen over Ethereum in the paper’s abstract due to scalability drawbacks that Ethereum poses.
The automotive industry set to face a new wave of innovation as Tata Elxsi Ltd. has planned on presenting a technical paper on an IOTA-based “Scalable Decentralized Solution for Secure Vehicle-to-Vehicle Communication.” IOTA was said to have chosen over Ethereum in the paper’s abstract due to scalability drawbacks that Ethereum poses.
#IOTA #MIOTA #IOTAstrong #cryptonews #crypto #cryptocurrency https://t.co/EfphJze6Dy
— Lars Weer (@iotanews) February 2, 2020
The paper hopes to secure against the existing risks of cyber attacks on the currently implemented Vehicular Adhoc Network (VANET). Attackers can compromise the current system’s signals.
They can be used to facilitate various other attacks like a man in the middle attack, DOS attack, and a Sybil attack. Tata Elxsi hopes to solve this by implementing blockchain technology to record signals from vehicle-to-vehicle in an immutable distributed ledger.
This keeps the signs reliable, secure, and integral. The company proposes using IOTA’s decentralized platform using the Tangle network to achieve the validity of signals sent between vehicles.
IOTA is scalable due to the way Tangle stores transactions and enables the system to handle thousands of signal transactions per second. The paper’s abstract also specifies that public-key authentication will be used to provide the security infrastructure for the network.
IOTA is a distributed ledger technology (DLT) whose core utility lies in being able to process transactions between the Internet of Things (IoT) devices. It uses the Tangle network to use a system of notes to validate transactions.
The attempt by Tata Elxsi is not IOTA’s first foray into the automobile industry. In August 2019, IOTA partnered with automobile manufacturer Jaguar Land Rover on a proof-of-concept car that used IOTA DLT to enable charging cars entirely using renewable energy.
Also, the system would allow the vehicle to automatically record environmental data that would earn the driver IOTA tokens that could further use at tolls, parking, and charging stations.
Tata Elxsi is a Bangalore-based subsidiary division of the multinational conglomerate Tata Group. Its primary focus lies in bringing design and technology services to different industries, including automotive, broadcasting, communications, and healthcare.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
