How blockchain will transform the IoT

Two giant industrials, Bosch and Volkswagen, are among companies that are taking seriously the idea that the Internet of Things (IoT) and decentralized data marketplaces should co-exist. That means a type of "blockchain meets IoT" is likely in our future. Both German organizations have recently teamed up with fellow-country, decentralized transactional platform IOTA on various development projects. IOTA’s Tangle is a transactional data transfer and settlement system for connected devices. Bosch announced in November that it intends to use a combination of its XDK (Cross Domain development Kit) product (an IoT prototyping and programmable sensor module used as a come-on to get organizations to work with Bosch on custom mass production and series engineering), and morph XDK with IOTA marketplace along a masked communications channel.