Two giant industrials, Bosch and Volkswagen, are among companies that are taking seriously the idea that the Internet of Things (IoT) and decentralized data marketplaces should co-exist. That means a type of “blockchain meets IoT” is likely in our future.
Both German organizations have recently teamed up with fellow-country, decentralized transactional platform IOTA on various development projects. IOTA’s Tangle is a transactional data transfer and settlement system for connected devices.
Bosch announced in November that it intends to use a combination of its XDK (Cross Domain development Kit) product (an IoT prototyping and programmable sensor module used as a come-on to get organizations to work with Bosch on custom mass production and series engineering), and morph XDK with IOTA marketplace along a masked communications channel.