economy of things

Economy of Things Research Updates

This news site explores the idea of an Economy of Things and presents the contributions of Bosch to the community.

Combining strengths: Join the Economy of Things community

The Bosch Research team Economy of Things is committed to "Coopetition" – the interaction of "Collaboration" and "Competition". This means cooperating with all stakeholders in the development and operation of digital platforms and marketplaces, but competing for specific products and services on these platforms.

iblockchain-industry
05.12.2019

iBlockchain ‒ Using blockchain technologies efficiently and securely for industrial applications

Use cases/prototypes

iBlockchain ‒ Using blockchain technologies efficiently and securely for industrial applications

The publicly funded iBlockchain project (short for “Industrial Blockchain”) aims to comprehensively and systematically research solutions for industrial applications based on blockchain technologies. The six research partners in total, led by the coordinating partner Ruhr-Universität Bochum, also include Bosch. The company’s role in the project is to ensure a strong practical focus on industrial manufacturing processes. Firstly, this means developing an Industry 4.0 demonstrator. Secondly, Bosch will be helping design and then implement scalable basic technologies (e.g. second layer).

iblockchain-industry
Funding project iBlockchain

Blockchain technologies offer the prospect of making lasting changes to and overhauling business models, processes and transactions, both in industrial environments and in the public sector.

state-channels-overview
26.11.2019

New open source project "Direct State Transfer" aims to make DLT applications scalable

Technology

New open source project "Direct State Transfer" aims to make DLT applications scalable

Prototypical DLT applications already exist, but the technical requirements for sustainable business models are still missing, for example when it comes to scalability: Scalability is one of the great challenges with DLT, because ideally tens of thousands of transactions per second have to be processed in real time. This is very memory and energy intensive. The team of the strategic advance engineering project "Economy of Things" has set up the open source project "Direct State Transfer" (DST) as a solution to implement the so-called second-layer protocol "Perun".

state-channels-overview
How state channels function
green-light
14.11.2019

EoT Live-Demo at St. Gallen Blockchain Roundtable

Event

EoT Live-Demo at St. Gallen Blockchain Roundtable

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.

green-light
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

supermodular-digital-society
04.11.2019

Research paper validation of crypto-based systems

Motivation/principles

Research paper validation of crypto-based systems

On the importance of system-view centric validation for the design and operation of a crypto-based digital economy.

supermodular-digital-society
Supermodular digital society

It is now possible to convert the Internet of Things (IoT) into an Economy of Things (EoT), which basically refers to a heterogeneous digital Economy of Everything (dEoE).

charging-process-electric-car
02.11.2019

Bosch and EnBW: Blockchain-based prototype designed to simplify the charging process for electric cars

Use cases/prototypes

Bosch and EnBW: Blockchain-based prototype designed to simplify the charging process for electric cars

The idea is to streamline and tailor the entire process to customers’ needs, so they can select, reserve, and pay for recharging services as they see fit. The entire transaction – reservation and payment – is a fully automated blockchain operation.

charging-process-electric-car
Christian Heise

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

michael-bolle-speaker
30.10.2019

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

Event

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

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

michael-bolle-speaker
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.

Contact

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.