Today, distributed ledger technology (DLT) platform Obyte announced it has partnered with
Bosch Connectory, the leading manufacturer’s Internet of Things (IoT) initiative. Obyte’s work will be funded in part by Bosch, allowing the firm to explore solutions for smart city applications.
Bosch has Connectory spaces in
Chicago, Stuttgart,
Guadalajara,
Shanghai,
Curitiba, and
London. They hope to bring together private and public sector organizations, focusing on collaboration in IoT innovation. The first was Chicago in 2017, followed by Guadalajara then Stuttgart. Each branch specializes in location-based solutions. For instance, the most recently opened space in London looks at smart mobility and works with Transport for London (TfL).
Meanwhile,
Obyte launched its DLT solution in late 2016, using a directed acyclic graph (DAG) like
IOTA. It claims that the platform processes transactions nearly instantly, and its network, unlike conventional blockchains, has true freedom of access and decentralized control.
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