Bitcoin, Crypto currency, Blockchain

Bosch invests in IOTA: Official partnership announced

0a9741f73f7c6aad15123af2ca6ed203 - Bosch invests in IOTA: Official partnership announced

Yesterday, Bosch has publicly announced that the company has acquired a substantial sum of money to IOTA. In order to be the joint partnership further expanded and intensified.

Following the recent partnership between Microsoft and IOTA, it was announced, but this was no real partnership in the true sense, reeled in the course of IOTA and moved slightly downhill.

IOTA was able to convince but really another German heavy weight of his technology. Thus, IOTA, announced yesterday, to have Bosch as a new Partner in the boat. As a result, the IOTA rate increased within 24h of 3.18 Euro, now to € 4.29 and a course is laid so that growth of around 25%.

The cooperation is confirmed on the official site of Bosch. On this it says:

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

There will be much synergy between Bosch and the IOTA Foundation, and I’m looking forward to seeing more industrial adoption of this technology in the near future

So IOTA gets an addition of a large company, the seems to be of the Tangle technology convinced.

IOTA solves the Problem of scalability due to the Tangle-Protocol and can thus be used as a crypto-currency for machine-to-machine. Lately, voices have been raised in criticism of that technology must first prove a change in practice.

Yesterday, there was an Update to the IOTA Wallets to Version 2.5.5., the should work according to the developers better.

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