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What is Bosch's stance on blockchain?


Nick Robinson

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Engineering and electronics manufacturer Bosch (BOSCHLTD), as the news reports confirm, hinted that it would defend the openness of the Internet of Things (IoT) against censorship.  Bosch’s stance on IoT and blockchain were announced on May 15th. Bosch representatives highlighted the importance of blockchain and the distributed ledger technology as a whole, mainly as a measure of preventing censorship.

“Distributed ledger technologies (DLT) such as blockchain may well become the key technology in these domains” – one part of the Press Release announced on May 15th pointed out.

Bosch publically announced its support towards the distributed ledger technology even though companies and governments still debate the pros and cons of the technology.

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