Bosch Invests in IOTA, Underlining Blockchain Plans

Robert Bosch Venture Capital invests in IOTA. The company also joins the network’s advisory council.

Dig in Depth With Data

Bosch is a 131-year-old company but is at the top of the cryptocurrency and the IOTA platform. The company wants to go deeper into the data than to stay in the old business model and take advantage of the hardware.

Sales data is the future, and Bosch sees IOTA and Autonomous Cars as an excellent way to collect microplates and information.

Append this to the fact that Taipei City, South Korea is ready to use IOTA to turn the city into a smart, application-based city. Its obvious IOTA makes some waves.

The IOTA data market has been made since 2015. At the same time, IBM has spent 2 billion dollars to buy the company Weather. The only reason to buy was access to data.

IOTA’s Car Ambitions

IOTA is now taking care of 10 billion dollars worth of transactions in its registry. Wireless tax-free micro-payments related to electric vehicle charging and parking is already happening.

Since the exchange and value of data continue to increase in volume, IOTA will continue to grow in the open market.

The Future is Friendly

The five most valued listed companies in the world are based on data as first-class goods. These firms include Apple, Facebook, Amazon, Microsoft, and Alphabet.“Google’s parent company.”

The Internet objects industry is rising at about 28.5% annually. The Boston Consulting Group predicts that the industry will be worth 267 billion dollars by 2020.

Consider the technology that IOTA falls under these two trends. Engage in its commitment to building “smart towns.” It makes perfect sense for Robert Bosch to jump on board now and travel the wave in the future.

A future in which cars will be able to board together on the highway, saving fuel and moving faster in a safer way than they ever did in the car. All this will be possible due to the data, and application in the real world is what makes the Bosch-IOTA partnership an interesting one to look for in the long run. Currently, Cryptocurrency prices are back after a sharp recent recession. Perhaps Robert Bosch and IOTA will demonstrate the long-term value of the IOTA brand.

As longspun as they do not cheat the society about the nature of their partnership, as they did with Microsoft, of course.

 

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Jony Chris

Jony Chris is an International Sales Consultant.He’s been fascinated by Bitcoin and Blockchain technology since first hearing about it in 2012. Born in the US, he loves technology, culture.

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