Bosch, Cisco, Gemalto and More: Tech Giants Team For Blockchain-IoT
The Internet of Things (IoT) – the vast web of connected devices which is becoming a fundamental part of the technological infrastructure that surrounds us – brings both huge potential and great risk. On the plus side, the transition from ‘dumb’ to ‘smart’ devices represents a sea change in the way we think about automation and responsiveness in the products around us: cars which drive themselves, apartments which become self-regulating environments, and appliances which optimise automatically for each user’s unique preferences. But as a consequence, every connected device is another....
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Three leading technology companies, Cisco, Bosch, and Foxconn have come together to create the IoT Blockchain Consortium. Three leading tech players, Cisco, Bosch, and Foxconn have joined hands to create a blockchain consortium. The group will be focusing on implementing Bitcoin’s underlying technology to the Internet of Things segment. Cisco is known for its networking and telecom prowess. Similarly, Bosch has a strong foothold in the consumer electricals market while Foxconn is known for manufacturing consumer electronics. With IoT being another hot segment, the three tech partners are....
Leading IT companies, Blockchain startups and financial institutions including Cisco Systems, Foxconn, Bank of New York Mellon and ConsenSys formed a consortium to focus on the development of Blockchain-based Internet of Things (IoT) applications. The consortium which also includes BitSE, Bosch, Gemalto and Chonicled, is attempting to establish a decentralized and immutable Blockchain protocol as a shared platform to build IoT devices, applications and networks. Dirk Slama, Bosch Software Innovations chief alliance officer stated: "We are seeing tremendous potential for the....
Thanks to their unique technology portfolio, Gemalto has become a well-established brand in the world of digital security. Whenever companies active in the world of digital security and blockchain startups meet, good things are bound to happen sooner or later. A recent partnership between Gemalto and Symbiont will lead to the use of smart contracts and other blockchain-based transactions in capital markets. The main goal of this collaboration is preventing illegal activities, such as forgery and theft. Some people may have heard the name Gemalto before, as this company is publicly traded....
Digital security giant Gemalto has partnered with blockchain startup Symbiont to allow financial institutions to more securely execute smart contracts and blockchain-based transactions. Under the deal, Symbiont will use Gemalto's SafeNet hardware security modules (HSMs) to protect blockchain identities and transactions, with the aim of preventing theft, forgery and other types of criminal activity. The HSMs will provide protection for Symbiont's platform by "securely managing, processing and storing" cryptographic keys, Gemalto said. It added that the devices are used by a number....
The two companies are cooperating to develop practical use cases for blockchain technology. Bosch Group, the global technology supplier, is teaming up with Fetch.ai to launch a multi-purpose blockchain network that can further advance Web 3.0 capabilities like artificial intelligence and the Internet of Things. The blockchain network, which is in testnet until the end of February, seeks to bring distributed ledger technology to several industries. Specifically, the network is developing machine learning applications for blockchain governance, which can be applied to various use cases. The....