Bosch invests in IOTA and builds the future

A 131-year-old company, Robert Bosch Venture Capital, invests in IOTA. The firm also joins the network’s advisory board.

Bosch wants to delve deeper into the new model data from the old business model and profit from the hardware. Seeing the future in data sales, Bosch sees IOTA and its autonomous vehicles as a solid way to collect micro-appropriations and information.

IOTA and smart cities

South Korea’s Taipai city is an application-oriented smart city. Among the plans it will use IOTA to make it a city. They want to start a new trend with IOTA.

IOTA’s data market started production in 2015. At the same time, IBM spent $2 billion to acquire The Weather Company.. The sole reason for this acquisition was to access data.

IOTA trades $10 billion in its ledger. They have implemented plans to charge and park electric vehicles over wireless without micropayments. While the exchange and value of data continues to increase, the value of IOTA continues to grow in the open market and seems to continue to rise.

Bosch and For other large firms, data is everything

The five most valuable publicly traded companies in the world currently rely on data for the most reliable analysis. These companies include Apple, Amazon, Facebook, Microsoft and Alphabet (Google’s parent company). The Internet of Things industry is growing at a rate of 28.5% per year. Boston Consulting Group predicts the industry will be worth $267 billion by 2020.

When data is this valuable, the future will be built on data. Consider where IOTA’s mess tech falls within these two trends. Robert Bosch’s idea of ​​jumping on that train and using this technology in the future seems very plausible. will be built on technologies that can act. All of these technologies are made possible by data. And in the light of this data, it will be very pleasant and surprising to watch the real-world application of these dreams with Bosch / IOTA partnership.

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