IOTA and the EDAG Group have joined forces to introduce CityBot, a combination of IoT and autonomous mobility. The innovative vehicle is set to make its debut in Frankfurt in 2023, with the aim of capturing a portion of the projected $80 billion smart city revenue by 2026.
Building on their partnership, IOTA and the EDAG Group are leveraging the potential of CityBot to revolutionize urban mobility. The vehicle utilizes IOTA’s Tangle technology for secure data transfer and payment protocols. The year 2023 will see significant advancements, as CityBot undergoes real-world trials on the streets of Frankfurt.
CityBot, which operates on fuel-cell propulsion, represents a vision of sustainable urban mobility. Its versatility allows it to serve as a taxi, cleanup vehicle, and delivery agent, all while optimizing urban resources. The integration of IOTA’s blockchain ensures secure communication and micro-transactions for these various functions.
The IOTA blockchain plays a pivotal role in this project, as it enables machine transactions for digital and physical goods through its marketplace. This aligns with EDAG’s vision of a multifunctional vehicle that minimizes the need for parking space. IOTA’s Tangle technology facilitates autonomous interaction and data exchange between vehicles, while also processing seamless payments through IOTA cryptocurrency. This ensures efficient data transfers and transactions, meeting the demands of the IoT requirements for the project.
Overall, the collaboration between IOTA and the EDAG Group presents a glimpse into the future of urban mobility, with CityBot leading the way as a sustainable and versatile solution.