IOTA expands industrial partnerships …

The full article was originally published by Coinmonks on Medium. Read the full article here.

This article describes the current major industrial partnerships of IOTA. Particularly noteworthy in this context are the partnerships with Bosch, Volkswagen and Fujitsu. It was a true IOTA festival this year where the partnerships and cooperations were demonstrated at various fairs and events.

Bosch a global partner

First of all, it was the Bosch Connected World 2018, in which Dominik Schiener introduced IOTA to a large specialist audience. The advantages of IOTA were demonstrated here and the cooperation between Bosch and IOTA was emphasized.

With the help of IOTA, the automotive supplier Bosch wants to influence the value chain in the automotive and internet-of-things sector. Robert Bosch Venture Capital GmbH (RBVC) invested in the digital, encrypted currency IOTA. According to a statement from the company, RBVC has acquired a “significant number” of IOTA tokens.

Bosch descripes the Internet of Things:

„The physical essence of the Internet of Things (IoT) is billions of connected devices providing data — in many cases in real-time — and sending it back to businesses that can remotely and automatically control this physical infrastructure.
The magic quality of the IoT is the connected world it makes possible: a world that’s getting bigger as the technologies linking devices become smaller, cheaper and faster.
Much more than a technological transformation, the IoT is creating new types of businesses, centred around services and user experience. These will have a massive impact on the structure of our organizations and the way we work together. While these changes will only happen in small steps, they will come quickly and have a huge and lasting effect.“

Bosch XDK

Incidentally, at the end of last year, Bosch introduced its new sensor XDK or Cross Domain Development Kit in conjunction with a sensor at the IOTA Marketplace Conference in Chicago, thus taking another step in the Internet of Things (IoT), the Machine-to-Machine (M2M). Automation and demonstrated the interaction with IOTA and the Tangle.

Volkswagen the automobile company with many brands

At the CEBIT 2018, the German car manufacturer Volkswagen presented a new proof of concept together with IOTA. This is about the use of the tangle for secure software transfer. Volkswagen wants to integrate the technology into its products. That’s one way to make sure all the cars get the data they need to run certain updates and function as part of the growing digital world. This also has consequences for driverless and self-propelled, autonomous vehicles, as the industry strives for as a future model.

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