IoT security
Alliance for the use of blockchain
More transparency, security and efficiency: this is the aim of the 'Trusted IoT Alliance' - a new alliance around blockchain and related technologies that Bosch has founded with international partners. The company presented an initial application scenario.
"Blockchain and related technologies are of great strategic importance to us," said Bosch CEO Dr. Volkmar Denner at the official launch of the 'Trusted IoT Alliance'.
© BoschDue to the rapidly increasing spread of IoT devices, it is becoming more and more relevant to improve security, for example against hacker attacks, and to strengthen trust in IoT solutions, according to Bosch. This is why Bosch and other international companies founded the 'Trusted IoT Alliance' in mid-September for the use of blockchain and related technologies. The aim: to develop uniform standards.
Blockchain is a type of decentralized database that distributes the information stored on it to thousands of computers. This is intended to make data forgery-proof and therefore data exchange more secure overall. In addition, consumers are less dependent on the data center of individual large platform providers.
Cars, machines and drones exchange data securely
"Without the intervention of third parties, blockchain and technologically similar approaches can be used to securely exchange data online between users, conclude agreements and contracts anonymously and make payments securely," said Denner, describing the opportunities. The alliance sees potential areas of application in the secure identification and networking of objects - from cars and drones to parcels and energy meters. Further potential lies in the automation of business processes. Blockchain use also makes sense in the manufacturing industry, especially in supply chain logistics. Here, cryptographic signatures can be used to confirm the identity of items at every stage of transportation and after-sales. According to Bosch, the benefits are increased quality and efficiency and reduced costs.
In total, around 20 companies and start-ups are among the founders of the Trusted IoT Alliance.
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