Bosch Group VC has made a huge investment in IOTA

According to sources close to both companies, Robert Bosch Venture Capital GmbH (RBVC) made a significant investment in IOTA . This investment is a first for Robert Bosch Distributed Storage Technology for VC.

We oppose the astronomical growth figures in recent years "Object of the Internet '(IOT) currency ıota market value, in late November the company's Data Marketplace, moved to fourth place among the then crypto-currency growth of about 400% of the placing on the market.

According to Robert Bosch VC Tangle technology is a masterpiece
RBVC Partner Hongquan Jiang will attend the IOTA Foundation's advisory council in addition to investing. The "Tangle" technology of IOTA, which is of particular interest to the RBVC group, is a kind of generalization of the Blockchain protocol, which allows the machines on IoT to communicate and operate.

Speaking of the investor, Jiang said:

We have been working with the IOTA team for over a year. I am very excited about IOTA's innovative "Tangle" technology. [Tangle] can potentially become the standard core technology for machine-to-machine communications, security and payment transactions in the IOT area.