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This is the stepping stone to new innovative Internet of Things based applications and business models for mobility, energy, Industry 4. RBVC invests worldwide in innovative start-up companies at all stages of their development.
Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Additional information is available at: www. US Edition U.
Free subscriber-exclusive audiobook! BI Intelligence. To learn more and subscribe, please click here. The IOTA platform is unique among blockchain-like distributed ledger solutions in that it is focused on IoT use cases and allows connected devices to securely transfer data and money for only a very small fee.
IOTA and other distributed ledger solutions could help manage large enterprise IoT deployments because of their ability to automate back-end functions. A use case for the IOTA platform could involve, for instance, a machine that identifies when it needs a replacement part, and then automatically orders that part and pays for it directly through the platform.
This is a significant innovation because most other IoT predictive maintenance applications typically only alert a human worker when a replacement part needs to be ordered. Using the IOTA platform instead could save companies time and money by limiting the involvement of a human technician.
Distributed ledgers can also help secure IoT implementations by providing a tamper-proof ledger for data produced by connected devices. Blockchain-like distributed ledgers are designed to ensure that once data is added to the ledger, it cannot be changed or tampered with. Additionally, any member of the ledger's network can view any of the data within it, providing additional security through transparency.
IOTA is only one of several blockchain-based systems companies with IoT projects are exploring for security purposes.
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