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Bosch IOTA IoT Data Marketplace

Sector: Quaternary sector · Industry: High tech and innovation · Organisation: Bosch (mit IOTA Foundation) · Maturity level: Concept

Bosch integrated its XDK sensor kit with the IOTA Data Marketplace for decentralized IoT sensor data trading. Machines exchange data and micropayments without fees. RBVC invested directly in IOTA tokens. Bosch explores blockchain from odometer fraud prevention to EV charging.

Documentation status

Description

Bosch integrated its XDK sensor kit with the IOTA Data Marketplace. IoT devices can exchange data and micro-payments without fees via IOTA Tangle. RBVC (Bosch Venture Capital) invested directly in IOTA tokens in 2017 — the very first token investment ever. Bosch is a founding member of the Trusted IoT Alliance with over 20 companies.

Bosch, as the world’s leading sensor manufacturer, validates decentralised IoT data marketplaces. The Machine Economy — machines autonomously trading data and payments — becomes tangible through the combination of Bosch hardware and IOTA infrastructure.

Perspectives

B2B — organisations perspective

Industrial companies sell sensor data from production processes to third parties — automated and free of charge via IOTA Tangle.

B2C — consumers perspective

Smart home sensors could sell anonymised environmental data to weather services or city planners.

Employees perspective

Engineers use the XDK as a prototyping tool for decentralised IoT applications.

Benefits

General

B2B — organisations

B2C — consumers

Employees

Challenges

General

B2B — organisations

B2C — consumers

Employees

Technology foundation

IOTA Tangle (DAG-based, fee-free), Bosch XDK Cross Domain Development Kit, MAM (Masked Authenticated Messaging).

Implementation examples

Bosch / IOTA Foundation

IoT devices generate massive amounts of data that often remain unused. A decentralized marketplace creates revenue streams from previously worthless machine data.

Bosch integrated its XDK sensor kit with the IOTA Data Marketplace — Robert Bosch Venture Capital invested directly in IOTA tokens.

Bosch explored combining its Cross Domain Development Kit (XDK) with IOTA's Tangle technology for fee-free data exchange between IoT devices. RBVC invested directly in IOTA tokens in 2017 — Bosch VC's very first token investment. Bosch is a founding member of the Trusted IoT Alliance with over 20 companies.

Fee-free micropayments enable monetisation of individual sensor data points for the first time. Decentralised architecture eliminates platform lock-in.

Tags

IoT, Machine Economy, IOTA Tangle, Sensor data, Micro-payments

Sources

  1. IOTA Data Marketplace (Archivversion)
  2. Cointelegraph: Bosch Partners with IOTA – XDK-Sensorkit für IOTA Data Marketplace (Archivversion)
  3. BTC-Echo: Bosch und IOTA – XDK-Sensordaten über den IOTA-Marktplatz monetarisieren