Robert Bosch Venture Capital invests in large amount of IOTA as it prepares for the future of IoT

It was just being announced that Robert Bosch invested large amount in buying IOTA.

According to the company over 10 billion USD have been transacted over the distributed ledger.

“We have been working with the IOTA team for more than one year,” said Dr Hongquan Jiang. “I’m very excited about IOTA’s innovative tangle technology, which could potentially become the standard underlying technology for trustless machine to machine communication, security and payment in the IoT space.”

“Distributed ledgers are the future when it comes to truly unleashing the internet of things, and with IOTA we see the potential of becoming the backbone of this emerging machine economy,” added Dominik Schiener, cofounder of IOTA. “We will continue to intensify our collaboration with leading IoT companies and hope to have the first go-to-market solutions ready by the end of 2018.”

 

See more here:

http://tech.eu/brief/bosch-iota-cryptocurrency/

https://www.forbes.com/sites/montymunford/2017/12/19/robert-bosch-venture-capital-makes-first-investment-in-distributed-ledger-technology/#6abf32ec6260

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