Robert Bosch Venture Capital buys IOTA Coin...
IOTA, which we have heard so often in recent times, has gained a serious reputation after the data-market project that it announced to the market in November. IOTA, which was valued almost 4 times in a short period of time, has suffered a serious decline even after experiencing some fluctuations after this valuation.
Yesterday, the IOTA Foundation officially announced that Bosch Group's venture capital firm Robert Bosch Venture Capital GmbH (RBVC) bought a significant amount of IOTA. After the IOTA purchase, RBVC's partner, Dr. Hongquan Jiang also participated in the IOTA Foundation's advisory board.
This move by the Bosch Group is seen as a very strategic move in the Internet of objects.
IOTA can be called the first crypto money that has gone beyond the blockchain technology in terms of technology. Thanks to a technology called Tangle, commission allows data and money transfer without paying and without mining. This gives IOTA a big advantage. The technology provided by IOTA is actually beyond imagination, because we are talking about a technology that has already done more than $ 10 billion.
All these reasons bear IOTA in a very important place in the internet (IOT) of objects and investing in IOTA can be very clever. The only thing to keep in mind is that this technology is in its infancy. Dr. RBVC's partner on whether IOTA is the right choice. Hongquan Jiang says:
"The RBVC, of course, follows, evaluates and works with other distributed notebook technologies (DLT) as well. The choice of IOTA as the initial investment is due to our long experience with the IOTA founder team and our team being influenced by the founding team. IOTA has the potential to solve problems such as scalability and transaction costs that can be very important at IOT. We know that IOTA technology is at an early stage. But if it becomes more mature in the future, IoT could be a major breakthrough for the industry. "
What kind of future is expected with technologies such as Internet of objects (IoT), Blockchain and Tangle?
Dominic Schiener, one of the founders of the IOTA Foundation, says, "The goal of IOT is to automate and optimize the systems around us to a great extent, making our lives smoother, more efficient and more secure." "Over the next five years, a large part of our infrastructure will become more automated and linked to intelligent devices and sensors. There are not some challenges that need to be addressed for security, but it is precisely here that distributed books can play an important role in new security applications. "
"With a protocol like IOTA, we are working not just on the automation of the machines, but on the full autonomy of the machines," Schiener said. We are providing these new economy machines to deal with each other, "he said. This is an important objective that will really unlock the potential of IOT.
This relationship between RBVC and IOTA will undoubtedly provide considerable benefits for both parties. Bosch can provide experiences and sectoral links with the IOTA team while pioneering work on the internet of objects, enabling them to experience the details that IOTA can not experience with big names.