Bosch Leverages IOTA's Distributed Ledger for Secure Sensor Data Trading
German appliance giant Bosch announced on November 13 a collaboration with IOTA, a distributed ledger technology (DLT) tailored for IoT applications. Bosch's newly developed XDK sensor toolkit will collect data from various sensors, using the open-source XDK2MAM software as a bridge to store data on IOTA's Tangle (a DAG-based ledger). This data will then be listed on IOTA's Data Marketplace for secure, tamper-proof trading.
Key Highlights:
- Data Integrity: Bosch emphasizes data as "the oil of the future," leveraging IOTA's decentralized nodes to ensure immutability and authenticity.
- XDK Sensor Capabilities: Includes accelerometers, gyroscopes, humidity/temperature sensors, and more (8 types total).
- Use Case: Buyers can verify data authenticity without knowing the source, fostering trust in the marketplace.
Bitcoin Cash Hard Fork: Potential Split into Two Cryptocurrencies
The Bitcoin Cash (BCH) network faced a contentious hard fork on November 15 due to conflicting upgrade proposals:
- Bitcoin ABC (majority-supported).
- Bitcoin SV (slightly higher hash rate pre-fork).
Implications:
- Risks: Potential phishing scams, industry confusion, and a 1:1 claim ratio for any new Bitcoin SV tokens.
- Expert Opinion: Critics argue the split weakens BCH’s already fragile ecosystem.
LINE's Pure Digital Bank Team in Taiwan
LINE Financial Taiwan unveiled its consortium for a pure digital bank license, partnering with:
- Fubon Bank (25.1%), CTBC Bank (5%), Standard Chartered (5%), Union Bank (5%).
- Total Banking Stake: 40.1%.
Competitive Landscape:
- 3-Way Race: LINE vs. Chunghwa Telecom (national team) vs. Rakuten Bank.
- Deadline: Applications due by February 15, 2025.
Seagate & IBM Combat Counterfeit Hard Drives with Blockchain
Seagate integrates IBM Blockchain to:
- Assign unique eIDs (electronic fingerprints) to products.
- Enable tamper-proof verification via PKI signatures and cryptographic erasure proofs.
- Goal: Comply with global privacy laws and reduce counterfeit risks.
DEXON Testnet Goes Live with 10K TPS Claim
Taiwan’s Cobinhood launched DEXON Testnet, featuring:
- Blocklattice + DEXON Consensus Algorithm.
- Cross-Chain Bridge: Supports any DLT for interoperability.
- Tools: DEXSCAN (block explorer) and DekuSan wallet.
iCHEF POS Adds Multi-Payment Support
iCHEF integrates mobile payments (Line Pay, Alipay, etc.) and EasyCard into its iPad POS system:
- API Integration: Simplifies backend setup for SMEs.
- Market Insight: Only 15% of Taipei restaurants accept multiple payment methods.
👉 Explore how blockchain is revolutionizing IoT data markets
FAQ Section
1. How does IOTA ensure data authenticity?
IOTA’s Tangle decentralizes data across nodes, making tampering impossible without network consensus.
2. What happens if Bitcoin Cash splits?
Users may receive 1:1 Bitcoin SV tokens, but exchanges must support the new chain.
3. Can small restaurants afford iCHEF’s payment integration?
Yes—no extra hardware is needed, and fees are transparent.
👉 Learn more about decentralized finance innovations
Image credits: BitcoinCash.org, DEXON, iCHEF.
Edited by Jing-Yi Li.
Recent Fintech News:
- Forbes Global Blockchain Summit heads to Taiwan in December 2025.
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