Robert Bosch is investing in IOTA, even though it is involved in IOTA's board of directors.
Dig into the data
Bosch is a long-standing company with a 131-year journey, which is expected to provide significant advantages over cryptocurrency and IOTA's Tangle technology platform. Specifically, Bosch will explore and further study data beyond the old business model based solely on hardware profits.
Selling data is a business trend in the future. Bosch sees IOTA and self-driving cars as a great way to collect micropayment and information.
Not long ago, Taipei City officials announced they would work with IOTA to make Taipei a smart city . This shows that IOTA really is a wave of technology development.
The IOTA data portal has been launched since 2015. Around the same time, IBM spent $ 2 billion to buy Weather Company. The only reason IBM bought the company was to access and use the data.
IOTA's self-driving ambition
IOTA is ready to take care of the transactions on their data ledger, valued at up to $ 10 billion. Uncompensated radio payments related to the car charging service and the parking lot are now ready for operation.
As the value of data transactions increases dramatically, IOTA's value will continue to grow in the open market.
The future is open to IOTA
Currently, the world has 5 companies publicly traded data as their number one commodity. These include Apple, Amazon, Facebook, Microsoft, and Alphabet (Google parent company).
The Internet industry is growing at an annual rate of 28.5%. Boston Consulting Group (BCG) predicts that the industry will cost $ 267 billion by 2020.
Consider the IOTA Tangle technology in two trends. One is committed to building smart cities. The second is to help Robert Bosch "welcome" Internet of Things in the future.
The future will be where self-propelled cars move together on the highway. They are more fuel-efficient, move faster and are safer than ever before. All this is possible thanks to the data, and its practical application promises to be interesting in the partnership of Bosch and IOTA in the near future.
The price of the cryptocurrency is gradually recovering after the recent strong recession. Perhaps Robert Bosch and IOTA will prove the true long-term value of the IOTA token. As long as IOTA does not mislead the community about the nature of their cooperative relationship with other partners, the way they did with Microsoft.
Do you think Bosch and IOTA cooperate is a good signal for IOTA to increase price in the coming time? Please share your comments by commenting below the post.