Bosch new project is expected to be backed by Ethereum. The company has been testing electric-car charging ports that will communicate and transact autonomously with a vehicle, which is a use-case for Ethereum.
Three big multinationals – Volkswagen, Bosch, and Fujitsu – have collaborated with IOTA to use its Tangle Technology to automate their products and services.
The companies have joined hands to introduce a new technology that is aimed at addressing security issues of the Internet of Things ecosystem.
At the opening ceremony of the new Watson IoT centre in Germany, IBM announced a number of new partnerships to promote the use of the IoT technology.
The group will focus on the adoption of bitcoin’s underlying technology to the Internet of Things segment.
Bosch IoT Cloud is an innovative platform that unites all different IoT initiatives of the company.