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Economy of Things


At what occasions does the research team present its findings? At which events does the Economy of Things play a role?

Bosch and its partners test AI-based parking using blockchain technology at IAA Mobility 2021

07.09.2021 | Event

When vehicles negotiate with parking places: At IAA Mobility 2021, Bosch and its partners are testing AI-based parking using blockchain technology at the proof-of-concept stage.

According to experts, German motorists spend some 41 hours each year looking for somewhere to park, which costs them around 896 euros in gas or alternative fuels. Based on the total number of motorists in Germany, this adds up to approximately 40.4 billion euros per year, as indicated in the Digital Auto Report 2021. At IAA Mobility 2021 in Munich from September 7 to 12, Bosch and its collaboration partners, Ocean Protocol and Datarella are therefore demonstrating and testing how artificial intelligence (AI) and decentralized technologies such as blockchain can make the task of looking for somewhere to park both faster and smarter. Visitors to the “Blue Lane” in Munich can control a test vehicle and see how it looks for a free parking space, negotiates the price and parking time, and theoretically initiates payment as soon as the vehicle leaves again – all based on preset preferences. “We see this as an example of a typical ‘Economy of Things’ scenario in the mobility sector, with IoT complemented by an exchange of values,” says Dr. Nik Scharmann, who is in charge of the Bosch Research “Economy of Things” strategic advance engineering project.

Hyperledger in-depth: Bosch webinar on scaling DLTs with the Perun framework

15.01.2021 | Event

How can Distributed Ledger Technologies (DLTs) be scaled using the Perun framework? On January 20, experts from Bosch and the Technical University (TU) of Darmstadt will be answering these and many other practical questions in an interactive webinar designed to encourage very lively experience sharing. This one-hour online event will begin at 11 am (CET). DLTs such as blockchain can be very storage and energy intensive if transactions are processed on a decentralized basis in real time. That is why Bosch and its partners have developed a second-layer protocol that makes it possible to scale DLTs in line with economic and ecological considerations. TU Darmstadt and Bosch collaborated on an initial open-source implementation as part of the “Direct State Transfer” project on GitHub. With the project growing in technical maturity, the next organizational step was taken in August 2020. The framework is now being developed further as a Hyperledger Labs project under the name “Perun”.

Scalable DLT solutions are the main focus of the webinar hosted by Bosch and TU Darmstadt. (Image source: ©

Keynote speech at GAIA-X Summit – determining the future value of GAIA-X

23.11.2020 | Event

Building a digital infrastructure based on European values and becoming a foundation for future innovations

The value of a future GAIA-X infrastructure can be assessed using a market that aligns all stakeholder utilities. By choosing the right-to-use approach, long-term consistency between utilities from all stakeholders can be ensured – i.e. stakeholders with a high overlap of common goals come together. Right-to-use can be translated as a token design for the digital realm. GAIA-X tokens secure funds for building the infrastructure and continuously measuring future value growth. That also means digital right-to-use is a game changer for transforming GAIA-X into a new kind of powerful digital cooperative. This is a brief summary of what Nik Scharmann and Christian Heise, the Project Directors of “Economy of Things” at Bosch Research, presented at the virtual GAIA-X Summit on November 18 and 19.

Blockchain Expo Europe 2020 ‒ Connecting the blockchain ecosystem ‒ Nov. 25-26

18.08.2020 | Event

The team behind the “Economy of Things” strategic advance engineering project at Bosch Research will present the topic “Decentralized energy trading infrastructure – privacy-preserving residential energy auctioneering” at the Blockchain Expo Europe 2020 on November 25. In particular, the pre-recorded video presentation will focus on the aspects of peak load shifting and energy auctioning using multi-party computation (MPC), controlling household data with self-sovereign identity (SSI) concepts, and the Economy of Things principle of coopetition in decentralized energy coordination systems.

“Our core idea is to use resources efficiently in all domains and still set up a socially fair system. For example, we feel that the electricity price should not skyrocket when there are shortages, but rather that the entire system should simultaneously be encouraged to cut consumption,” says Christian Heise, Deputy Project Director, Economy of Things, Bosch Research. (Image source: ©

Bosch Connected World 2020 ‒ The leading conference on IoT and digital transformation ‒ Feb. 19-20 in Berlin

09.01.2020 | Event

Bosch Connected World
Full program made to measure: Visitors have the choice between conference, exhibition, hackathon and numerous networking events.

At Bosch Connected World 2020, some of the world’s most innovative and influential Internet of Things (IoT) leaders share novel strategies, best practices, and instructive case studies relating to IoT-driven products, services, and solutions.

EoT Live-Demo at St. Gallen Blockchain Roundtable

14.11.2019 | Event

Bosch, EnBW and Siemens have jointly developed a Proof of Concept that makes the future of the EoT tangible: A Bosch-modified e-car communicates via blockchain with a Siemens traffic light to gain access to a site and then with an EnBW charging pole for the loading process. The transactions required for identification, authorization and payment are processed autonomously on a blockchain via a Smart Contract, which contains the contract conditions for the vehicle, traffic light and charging station. A technological milestone that was only possible thanks to the proactive, open and cooperative approach of the three partners. “It took less than three months from idea to implementation. This speed could become a success factor in in setting up an EoT,” says Christian Heise, deputy project director EoT at Bosch.

eot blockchain roundtable
All lights show green: Under the motto “Redistributing the platform economy”, experts discussed the success factors of an Economy of Things at the St. Gallen Blockchain Roundtable in early November. Image source: University of St. Gallen

Keynote Dr. Michael Bolle – St. Gallen Blockchain Roundtable – 5. Nov.

30.10.2019 | Event

Dr. Michael Bolle: He is member of the board of management of Robert Bosch GmbH. As chief digital officer and chief technology officer, he is responsible, among other things, for Bosch Research.

Event designed for multinational corporates who want to deeply immerse into the topic of decentralized platforms and their fundamental implications for different industries.


Nik Scharmann

Nik Scharmann

Project Director "Economy of Things"

Nik Scharmann has been leading Bosch’s research activities in the field of the Economy of Things since 2017.

Christian Heise

Christian Heise

Deputy Project Director "Economy of Things"

Since 2018 Christian Heise has been working as Deputy Project Director in the Economy of Things project on the topics of energy and mobility.