IOTA Foundation to Add CDO of VolksWagen

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Johann Jungwirth – Volkswagen CDO will be part of the supervisory board of IOTA-Foundation. One of the most popular German News-related Magazines – Der Spiegel did make the recruitment public known in an article.

Johann Jungwirth, has been Head of Digitalization Strategy of Volkswagen AG since November 1, 2015. Jungwirth was named Director, Mac Systems Engineering at Apple in Cupertino, CA (USA), in 2014. He was responsible for innovation in design and engineering in product development as well as hiring, growing and leading a multicultural research & development team and supporting the Special Projects Group.

Did act as Chief Executive Officer and Mercedes-Benz Research and Development North America for leading the Development Center in Sunnyvale – CA. From 2008 to 2014, Jungwirth was also Vice-President Infotainment and Telematics responsible for all research, engineering and product development for infotainment and connected car solutions.

As mentioned in a previous article, IOTA was joined by the giant – The Robert Bosch Venture Capital putting down a major investment and believe in the technology behind IOTA. With the step, RBVC is hoping to hoist the maturity of the distributed ledger technology higher up and branch it wider on the global-Bosch Ecosystem.

“We have been working with the IOTA team for more than one year. I’m very excited about IOTA’s innovative tangle technology, which could potentially become the standard underlying technology for  trustless machine to machine communication, security and payment in the IoT space,” said Dr. Hongquan Jiang. “There will be much synergy between Bosch and the IOTA Foundation, and I’m looking forward to seeing more industrial adoptions of this technology in the near future.”

More and more well-known figures and big players are entering the IOTA scene to back the coin and its tech up. The digital currency is definitely cementing its place being one of the leaders by market capitalization.