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Siemens partners with IoT embedded blockchain Minima

Siemens

Siemens Cre8Ventures announced a partnership with the Minima blockchain for its digital twin marketplace. Minima is a so-called embedded blockchain that supports a full node running on an IoT device. Cre8Ventures is the Electronic Design Automation division of the German giant.

Siemens sees blockchain as enabling security for the robotics, automotive, energy, and healthcare equipment industries.

The Cre8Ventures Digital Twin Marketplace sounds rather like an incubation initiative, although Siemens doesn’t describe it like that. It enables large companies in the mentioned industries to test and validate new technologies in a low risk manner. In addition to helping Minima to develop solutions to meet certain needs, it will also assist on the marketing front.

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