Multinational engineering and electronics giant Bosch recently highlighted a new device connectivity method which will work with the Iota marketplace, among other things, for real-time IoT (Internet of Things) data collection and sales.
Data Collection for the IOTA Marketplace
In a recent blog post the firm opened with a quote from 1999 from Nobel Prize winner Milton Friedman extolling the virtues of anonymously transferring funds on the internet, way before cryptocurrencies were even conceived. It continued to elaborate on the Iota ecosystem, its advantages over Bitcoin, and why it has been chosen as a partner.
“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,” the blog added.
‼️Connected devices & data drive the future of our world. A very promising development in this area is taking place right now! Find out what you need to know about the powerful combination of @iotatoken, @xkd2mam & #BoschXDK in this blog article: https://t.co/FaGZtqEUd5 #IOTA pic.twitter.com/Bjg7RdKbYK
— Bosch Connectivity (@Bosch_BCDS) November 12, 2018
According to Bosch there will be over 20 billion interconnected devices by 2020. All of which will be generating an immeasurable quantity of data, and “data is the oil of the future” as the firm’s promo video states. Iota’s
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