Economy of Things


What drives the research team? On which principles is the research on an Economy of Things based?

There is a fairer way – the winners and losers of digital marketplaces

15.07.2020 | Motivation/principles

Platform operators pair up customers and producers on digital marketplaces. This matchmaking depends on various types of data – including the type of request and market knowledge, i.e. knowing about specific offerings, for instance.

The operators of digital marketplaces are among the most valuable groups of companies in the world. Their market dominance is based on strong mechanisms that are difficult to break, give them a monopoly position and can be detrimental to market participants. The "Economy of Things" team at Bosch Research is investigating what these mechanisms are and how they could be changed.

Bitkom paper with use cases for master data and certificate management from Bosch

06.07.2020 | Motivation/principles

Self-sovereign identity (SSI)
Self-sovereign identities with verifiable credentials enable any person, organization, or thing to interact directly with any other entity in a way that is reliable and preserves privacy. Image source: ©

The Bundesverband Informationswirtschaft, Telekommunikation und neue Medien e.V. (the German industry association for information technology, telecommunications, and new media) – Bitkom for short – has published a paper presenting real-life application scenarios involving self-sovereign identity (SSI) that have already reached a very advanced stage of implementation. In simple terms, SSI means that users manage their digital identity themselves, without relying on a central identity provider. This is also a matter of crucial importance for the “Economy of Things” (EoT) research team, a strategic advance engineering project at Bosch Research. In its article, Bitkom clearly outlines the advantages of companies sharing, validating, and updating master data and supplier certificates automatically in line with the SSI principle.

Research paper validation of crypto-based systems

04.11.2019 | Motivation/principles

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).

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


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.