IOTA Makes Advances With Multinational Engineering Firm

IOTA Makes Advances With Multinational Engineering Firm

What has proclaimed itself as the digital currency for the Internet of Things, IOTA has made new friends with the likes of IAMPASS, Volkswagen, HIGH MOBILITY and many more. IOTA will now be implemented into all these platforms of innovative companies driven by data Bosch and carVertical.

One of the first integrations that was announced is with Bosch, the multinational engineering and electronics giant that produces automotives components and industrial products.

As reported by Invest In Blockchain, a recent blog post by Bosch outlines a new device connectivity method which is compatible with the IOTA marketplace as well as other things too, in order for real-time IoT data collection and sales.

A snippet from the blog says:

“The use of the innovative IOTA Tangle technology results in higher scalability and becomes faster and even more secure the more activity there is. It is, therefore, a serious transaction settlement and data transfer layer for the Internet of Things.”

As well as this Bosch announced the news on Twitter that their development with IOTA is in the works.

The multinational engineering companies are strong believers in what IOTA is doing and setting out to accomplish by ensuring all data is valid and joint together via the Internet of Things.

Bosch believes that in just two years time there will be over 20 billion interconnected devices and every device will be coming out with tonnes upon tonnes of data.

Bosch has even said that “data is the oil of the future”.

What are your thoughts? Let us know what you think down below in the comments!

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