Bosch has invested in cryptocurrency for the Internet of things

Date:

2017-12-21 20:00:05

Views:

2669

Rating:

1Like 0Dislike

Share:

Bosch has invested in cryptocurrency for the Internet of things Source:

Venture Fund, Robert Bosch Venture Capital (RBVC) reports that it has recently invested in tokens IOTA, released a startup creating a distributed payment system for the Internet of things. A specific amount of the transaction were not disclosed, but representatives of the German manufacturer say that doing a serious bid for the Internet of things, so I think deposits something like the enterprise fully justified and prescient.

Developed IOTA technology went on the blockchain. Over time, it will allow Autonomous and safely transfer payments between different devices. Now with the help of technology IOTA already committed payments — it is widely used to pay for Parking or electric car charging. Cooperation with Bosch will allow a startup to reach a new level, so the investment in IOTA, which met in November, the ICO became a good investment — the tokens have already risen in price by 400 percent.

Right Now the developers are busy solving the problems associated with security of payments. According to them, then they just rely on the blockchain. In addition to addressing security issues in IOTA are automation devices, pondering how to teach them to interact with each other in private «economic environment». Implementing its tasks, the developers are going to unleash the potential of the Internet of things, making it more accessible and more popular — the team is also going to help RBVC, hiring for new professionals and industrial experts.

Recommended

To work with PDF difficult? Try this app

To work with PDF difficult? Try this app

PDFelement — a powerful processor to work with PDF Many of us somehow have to work with documents in PDF format. One needs it in the office, others just prefer to share documentation in PDF format as it is convenient to use and economical in ba...

How to get started with the training of neural networks

How to get started with the training of neural networks

No machine learning can not work none of the neural network. a few years ago neural networks were something outlandish. Now this tool is mastering more and more people. And this industry is evolving at an incredible pace: recently, the neural network...

Why China began to raise pigs the size of a polar bear?

Why China began to raise pigs the size of a polar bear?

Pigs can weigh more than a ton In the article about the successful establishment we mentioned that is one of the largest consumers of pork meat. However, at the moment, Asia is widely distributed so-called African swine fever. This disease is not for...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

The EU will create a database of the owners of Bitcoins in the fight against crime

The EU will create a database of the owners of Bitcoins in the fight against crime

Anonymity , as well as difficulty with his control, the concern of many governments. No exception and MEPs who were concerned about the fact that using cryptocurrency is theoretically possible to Finance terrorism or to launder mo...

Danish Central Bank refused to launch digital crown

Danish Central Bank refused to launch digital crown

the previously Planned release of the digital crown is not held — according to the official statement issued by the Central Bank of Denmark. According to experts, the state could adversely affect the financial stability of t...

JD.com launch its network of robotic stores

JD.com launch its network of robotic stores

Chinese online retailer JD.com announced that he is going to open a chain of stores that will not be sellers and queues at the box office — the latest developments of the company will serve customers independently. Accordi...

Elon Musk has given permission for the digging of the tunnels in Baltimore

Elon Musk has given permission for the digging of the tunnels in Baltimore

Some time ago the authorities of the American cities and States argued that did not give The Boring Company permission for the construction of tunnels, and the Musk they got it wrong. However, it seems that the ice was broken, and...

NASA is trying to reduce the cost of production and operation of its megarace SLS

NASA is trying to reduce the cost of production and operation of its megarace SLS

space Agency NASA said that one of the most reliable pieces of her new huge carrier rocket of superheavy class Space Launch System ("space launch System") is the first upper stage, which partially uses the technology, well tested ...

Students public University of Australia will be able to buy cryptocurrency

Students public University of Australia will be able to buy cryptocurrency

a Public institution of Australia commissioned a study which will allow students to earn bitcoin and then spend it on purchases in retail stores on campus. the Project is going to be implemented with the participation of a start...

Japanese Internet company will pay employees in Bitcoin

Japanese Internet company will pay employees in Bitcoin

Japanese conglomerate, GMO Internet Group announced that employees from February 2018, they receive part of their salary in . Under the new scheme, employees will be able to replace bitcoin amount from 88 to 881 of the dollar owed...

Bitcoin will survive the Apocalypse

Bitcoin will survive the Apocalypse

Supporters of cryptocurrencies believe that Bitcoin is not worse than gold — are also reliable and will be able to compete with precious metal in convenience. No one is going to carry a purse full of gold bullion, and a hack...

Elon Musk: AI for our drones — the best in the world

Elon Musk: AI for our drones — the best in the world

Talking about the work of Jim Keller, Director of the Department of development hardware, Elon Musk admitted that Tesla makes the hardware and software for their application in UAVs. Speaking about potential developments, the Musk...

As mine without Nicehash? Manual, links, and illustrations

As mine without Nicehash? Manual, links, and illustrations

for several days Nicehash lies after the break, and we only talked about how mine. So corrected and told about the alternative method on graphics cards. Nicehash was not ideal, but very convenient cryptocurrency mining market: do...

The virtual world on the blockchain may take cryptococcal

The virtual world on the blockchain may take cryptococcal

the Gaming industry in the face of the project CryptoKitties continues to use up to 13 percent of all network resources and the cost of conventional transactions rose to $ 0.45, whereas only just over a week ago the same operation...

Bank of America has patented a AI assistant for operations with cryptocurrency

Bank of America has patented a AI assistant for operations with cryptocurrency

according to the patent, which is the second-largest U.S. Bank filed the other day, his leadership thinks about the future of cryptocurrencies, and more about how to make the life of its largest holders easier. The patent describe...

Mobile mining farm and muddy ICO

Mobile mining farm and muddy ICO

If you are going to build a big farm for mining, there is always a number of issues. One of the most popular sounds like: how fast to move the equipment to another location? Exit — building a mobile farm, which can be a norm...

Elon musk blamed the shortage of batteries

Elon musk blamed the shortage of batteries

the Problems Elon musk associated with batteries have not gone away. Moreover, now it is also considered guilty of deficiency of AA batteries, which is now observed in South Korea and Japan. An unnamed source Korean newspaper Etne...

The neural network Bitcoin Bubble Burst will warn about the collapse of Bitcoin

The neural network Bitcoin Bubble Burst will warn about the collapse of Bitcoin

Many serious businessmen and analysts avoid purchases of the cryptocurrency, pointing to the fact that they are — the usual hyped bubble that is about to burst, and all around will regret that they invested in this business ...

ASIC or farm for mining? Pros, cons, pitfalls

ASIC or farm for mining? Pros, cons, pitfalls

Many have already read our past articles and have started mine. Someone collected the cards, but who chose to be miners . But surely there were also those who are still undecided due to the fact that he wants to weigh all the pros...

Moon Express has transferred the flight to the moon in 2018

Moon Express has transferred the flight to the moon in 2018

At the end of 2017, the company Moon Express promised to start on the moon your ship, thus becoming the first private company to plant the lander on the lunar surface. Unfortunately, the launch had to be postponed to 2018, but the...

The blockchain will replace the outdated system of passwords and will protect against break-ins

The blockchain will replace the outdated system of passwords and will protect against break-ins

the Modern methods of identification on the Internet stopped being reliable, so they need to upgrade — writes MIT technology Review. One of variants of such modernization can become . If identifiers will be decentralized, th...

Battery giant Hyundai will beat the Australian record for Tesla

Battery giant Hyundai will beat the Australian record for Tesla

The powerful lithium-ion battery in the world is in Australia — it was established by the company Tesla Motors in just 100 days. But soon, she could have a much more powerful , which is created by Hyundai are Electric &...

Elon Musk has discussed with the mayor of Chicago build analogue Hyperloop

Elon Musk has discussed with the mayor of Chicago build analogue Hyperloop

the Administration of the city of Chicago announced a competition for the best project of the highway connecting the center with the airport Ohara. Of course, the desire to build the best and high speed tunnel have expressed a des...