Business
Bosch Announces Partnership With IOTA
They Plan To Utilize Their Marketplace for a New Product
A tweet posted by the electronics giant Bosch, on November 12th, revealed that the company has signed a partnership deal with a distributed ledger development company, IOTA.
The mentioned tweet directs us to the official publication about the partnership, which describes the basics of the collaboration.
IOTA Marketplace as the basis
BOSCH describes IOTA Marketplace as a decentralized data marketplace where users buy or sell access to active data streams through Masked Authenticated Messaging (MAM). MAM is being defined as a second-layer data communication protocol that allows for data to be securely shared peer-to-peer through the encrypted channel.
In this way, data subscribers can trust the source and integrity of data even though the identity of the source is masked.
The IOTA Marketplace is, thus, important as a medium through which users can sell data harvested by the new Bosch Cross Domain Development Kit (XDK) – a programmable sensor device and Internet of Things prototyping platform, which, through its sensors, collect data in real-time.
Potential use cases
As a part of the official announcement, Bosch has mentioned a few use cases:
- A company decides to rent out their machines and measure the exact amount of time a customer used it and bills them accordingly with IOTA
- The XDK confirms that a machine is operating under proper conditions and sets up these data transactions on the Tangle, for both the operator and supplier to see.
- The XDK is used for an audit trail in a similar concept. If data must be transported under specific conditions, the XDK can monitor this, and the IOTA Tangle creates a paperless record for all parties to follow.
Bosch also revealed that their XDK device is going to play a significant role in IOTA Smart City project, and encouraged future users to devise use cases of their own.
Why IOTA?
Bosch stated that connecting their device to such marketplace wasn’t possible until IOTA developed their Tangle system which doesn’t use blocks as a regular blockchain.
Instead of the conventional technology, IOTA uses a Directed Acrylic Graph (DAG), where different types of transactions run on different chains in the network simultaneously.
Furthermore, Bosch isn’t the first giant that struck a deal with this Germany-based development foundation. IOTA also actively works with the likes of Audi, Volkswagen, and Fujitsu to implement new technologies into their systems.
Market stays unimpressed
However big this announcement may be, investors failed to notice the importance of such a partnership deal, as IOTA’s MIOTA token continued to fluctuate slightly below $0,50, recording minimal gains of 1,5%.
Nevertheless, the good sign is that the daily trading volume more than doubled after the announcement, hitting peaks of around $13,5 million.
The price may not be moving much at the moment, but inevitable results from all these cooperative efforts are due to make an impact in the future, once the market starts to rebound.
The option to share ads directly with friends and contacts via email or messaging is a convenient way to spread the word.
Thanks for these pointers. One thing I should also believe is credit cards providing a 0 monthly interest often bait consumers together with zero rate of interest, instant authorization and easy on the web balance transfers, nonetheless beware of the real factor that will void the 0 easy street annual percentage rate and also throw anybody out into the bad house quick.
Undeniably believe that which you stated. Your favorite justification appeared to be on the internet the easiest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks
Wow, awesome weblog structure! How long have you ever been blogging for? you made blogging look easy. The total glance of your site is great, as smartly as the content!
I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my difficulty. You’re amazing! Thanks!
Good article. It is extremely unfortunate that over the last ten years, the travel industry has already been able to to handle terrorism, SARS, tsunamis, bird flu virus, swine flu, and also the first ever entire global downturn. Through it all the industry has proven to be sturdy, resilient in addition to dynamic, acquiring new tips on how to deal with hardship. There are constantly fresh troubles and the opportunity to which the market must just as before adapt and reply.
I was blown away by the level of professionalism and expertise displayed by the team at amcauto.co. They clearly know their stuff when it comes to MAN trucks.
I like the helpful info you provide in your articles. I?ll bookmark your weblog and check again here frequently. I am quite certain I?ll learn many new stuff right here! Best of luck for the next!
Greetings! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog post or vice-versa? My blog covers a lot of the same subjects as yours and I think we could greatly benefit from each other. If you’re interested feel free to shoot me an email. I look forward to hearing from you! Superb blog by the way!|
okmark your weblog and check again here frequently. I’m quite certain I will learn plenty of new stuff right here! Good luck for the next!