Big News : Bosch is partnering with IOTA technology...

Bosch Sees Crypto Micropayments Between Autonomous Cars in its Future. This 131-year old industrial firm is betting on distributed ledgers as it transforms itself into a data monetization company, says Tal Dekel, Bosch’s senior technology scout in Israel.

The IOTA network is distinguished from blockchain networks as it uses an architecture that allows machines to transmit data or make micropayments to other machines seamlessly. Meanwhile, Bosch also joined the IOTA Foundation’s advisory board.

Bosch sees a number of applications for IOTA in a world where vehicles are communicating and negotiate with one another autonomously. One example Mr. Dekel gave is platooning—that is, when autonomous cars group together closely on a highway to reduce friction and thus fuel consumption. Platooning is similar to how professional cyclists and also birds move information to improve aerodynamics. With IOTA, cars wanting to platoon and take advantage of fuel savings could make payments to the car upfront.

So we can expect to see price rise on IOTA.