News comes today that those worlds are fusing together as Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has purchased a significant amount of IOTA tokens.
RBVC has made a strategic move in buying these IOTA tokens, one of the largest cryptocurrencies in the world. IOTA, which is the first distributed ledger technology to go beyond a blockchain, enables machines to securely transact data and money with each other.
The IOTA Foundation is a non-profit foundation based in Germany focused on distributed ledger technology and permissionless ecosystem development.
The news follows the successful launch of IOTA’s data marketplace, with more than 30 participants such as Accenture Labs, Deutsche Telekom, Fujitsu, Orange, Samsung Artik, TINE and many more.
Established in 2015, the IOTA protocol is an open-source distributed ledger protocol for the Internet of Things, enabling scalable and machine-to-machine payments as well as the secure data transfer of sensors.
In doing so, RBVC wants to intensify the collaboration with IOTA and help accelerate the technology to maturity by bringing it closer to Bosch’s global ecosystem and key partners.
RBVC’s investment broadens the potential for new business models for IoT in several verticals and positions IOTA and Bosch as a significant force to take on the challenges of IoT.