Bosch Auto Parts is getting deeper into IOT and crypto all at once – Thinknum Media

Bosch Auto Parts is getting deeper into IOT and crypto all at once | Thinknum Media

The top auto-parts manufacturer in the world — according to the June 26, 2017 issue of Automotive News — is Bosch Auto Parts($BOSCH). Most cars sold today have a Bosch part somewhere in them and the company saw €78.1 billion in revenue just last year. The German-based company is also a supplier of numerous other products including technology, appliances and power tools.

Bosch was founded in 1886. The company hasn’t excelled for over 125 years by remaining idle: research and development is a big part of its strategy with a budget of €7.3 billion on R&D alone.

Bosch was founded in 1886. The company hasn’t excelled for over 125 years by remaining idle: research and development is a big part of its strategy with a budget of €7.3 billion on R&D alone.

It’s a lofty goal, but with Bosch on board and with the number of connected devices – cars, door locks, toys, refrigerators, smart TVs, and now car parts — it only makes sense that there would be a push for a universal protocol.

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