On May 15th, Bosch released
details of its distributed ledger technology (DLT) based prototype for electric car charging. Their software aims to integrate with ‘smart’ processes in the automotive industry and was featured at the firm’s Internet of Things (IoT) ConnectedWorld conference in Berlin.
Bosch’s prototype promises to streamline the current charging process, so drivers can find a station, reserve their spot, and pay without hassle, with the car doing much of work by itself. Energy supplier EnBW is a partner in the project.
The German company predicts that IoT market volume will rise to $250 billion by just next year – a 35% increase. ConnectedWorld, Bosch’s IoT focused conference, is in its sixth year and expects 5000 visitors.
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