Robert Bosch Venture Capital goes all in on IOTA
Robert Bosch Venture Capital have shown their strategic hand for 2018 with their recent substantial investment in IOTA tokens.
IOTA, one of the largest cryptocurrencies in the world, enables the secure and accurate transaction of information (and importantly money) between smart-machines. It is a supportive technology that enables disruptive and unique applications of IoT across industry.
The distributed ledger technology has already facilitated more than $10 billion in transactions, whilst helping to improve transparency in supply chains, secure software updates and micro-payments for electric vehicles charges.
Dominik Schiener, Co-Founder of IOTA, stated, “Distributed ledgers are the future when it comes to truly unleashing the Internet of Things, and with IOTA we see the potential of becoming the backbone of this emerging Machine Economy. We will continue to intensify our collaboration with leading IoT companies and hope to have the first go-to-market solutions ready by the end of 2018.”
Dr. Ingo Ramesohl, Managing Director at RBVC, confirmed that the investment is part of the company’s new development into cryptocurrencies. The partnership with IOTA foundation will help explore how the technology can be best applied and embedded within industrialisation.
It is an interesting move by RBVC, and one that will surely signal more movement from venture capitalists in the cryptocurrency game. The question for 2018 is, ‘which coin will be the de facto for industry”.