Cisco, Bosch and Foxconn Create an IoT Blockchain Consortium
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....
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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....
A multinational electronic giant and a well-known manufacturer of Apple products is the latest victim of a millionaire ransomware attack deployed over the Thanksgiving weekend on one of its branches. Apple’s Manufacturer Is the Latest Victim of Well-Known Ransomware Gang Foxconn, a publicly-traded Taiwanese company and one of the largest electronics manufacturing firms, suffered a cyberattack deployed by Doppelpaymer, a group of hackers specialized in ransomware attacks, who asked for a 1,804 bitcoin (BTC) ransom, worth over $34 million as of press time. According to Bleeping....
According to a report, Russian payment platform Qiwi will create a blockchain consortium which will see Russia’s biggest banks at its members. In a move reminiscent of the private banking blockchain consortium led by New York-based R3, Russian payment operator Qiwi is reportedly looking to create a consortium for banks in the country. Qiwi intends to develop standards for the application of distributed ledger technology among banks, according to a report from Russian publication Izvestia. The Russian startup has sent invitations to Russia’s biggest banks including BIN Bank, Alfa Bank, and....
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....
The R3 blockchain consortium continues to attract attention in the financial world, as they have welcomed their first Chinese member in the form of Ping An Group. This partnership has nothing to do with the consortium seeking US$200m in additional funding, though. In a rather surprising turn of events, the R3 blockchain consortium added its first Chinese....