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Two giant industrialists, Bosch and Volkswagen, are among the companies that take seriously the idea that the Internet of Things (IoT) and decentralized data markets should co-exist. This means that a type of "blockchain meets the IoT" is likely in our future.
Both German organizations have recently collaborated with the IOTA decentralized transactional platform on various development projects. IOTA & # 39; s Tangle is a transactional data transfer and regulation system for connected devices.
In November, Bosch announced the intention to use a combination of its XDK (Cross Domain Development Kit) product (an IoT prototype and a programmable sensor module used as a tool to convince organizations to collaborate with Bosch on series production. customized and standard engineering) and transformed into XDK with the IOTA market along a masked communication channel.
"We can say that any use case is feasible where Bosch XDK measures sensor data, and there are potential buyers for this data," Bosch says in a blog post explaining his goals. A company that rents machines and invoices for the exact time consumed could be a case of use, for example. The traces of control are another.
"People and machines can transfer money and / or data without transaction costs in a trusted, unlicensed and decentralized environment," says non-profit IOTA on its website. The IOTA also explains that it is a mechanism to sell and access active data streams and technically not quite a mined blockchain. (Non-mined IOTA transactions are issued simultaneously and continuously rather than linearly and in time intervals, as in the case of the classic blockchain). But it is similar in that it is also a decentralized shared peer-to-peer accounting technology.
IOTA is established as "the main currency for machines", says the organization.
Automotive uses for books like blockchain
Even the automaker Volkswagen has explored the IOTA. Automotive uses for mixed books distributed with blockchain or alternative technology include, for example, the authentication of mileage for return to lease. Other uses in this vertical could be remote software updates, over-the-air, where control and authentication could be important. And without a doubt The IOTA states that a demonstration of the concept has been established with Volkswagen for that technology. The head of Volkswagen Digital, Johann Jungwirth, was once on the IOTA board of directors.
IOTA is not the only distributed register technology that targets IoT. Hyundai Digital Asset Company (Hdac) is supported by the vehicle manufacturer and owned by the nephew of the owners of the car manufacturer, according to Cointelegraph.
Hyundai's hidden block system, blockchain, allows payment processing on Bitcoin and integrates other blockchain networks. Some of the industrial IoT launches will be in reducing fraud in the bill of lading, introducing unique serial numbers or identifiers for the reduction of counterfeiting and better overall cryptography of processes and contracts.
Blockchain enabled IoT systems
Supply chain and automotive are emerging as a focus for the IoT blockchain. Cointelegraph, in his article, also mentions the combined IoT-blockchain operations VeChain, Waltonchain and Streamr.
The latest Australian digital technologies are another blockchain-enabled IoT system. It wants to get into the reduction of fraud in the production chain. It aims to verify and protect the origin of food and other consumer goods. The liqueur traceability is an example that uses for an IoT / blockchain mix called the Ubique Chain of Things. Even the products identified digitally in shipment can be purchased from the suppliers on the RFID or NB-IoT proposed networks.
"The information of each party during the transaction will be stored in the blockchain, from the factory, from the foreign warehouse, from the national and international customs warehouse, from the commercial and transport links, until they are signed by consumers", says Ultimo on his website web.
