Share this article
Cisco, Bosch Reveal New Details on IoT-Blockchain Projects
A blockchain-IoT consortium is moving forward on standardizing the technology its participants use with the launch of a new API.
By Pete Rizzo
Updated Sep 11, 2021, 1:15 p.m. Published Apr 19, 2017, 12:59 p.m.
Following a formal unveiling in January, members of a consortium focused on the intersection of blockchain and the Internet of Things (IoT) are revealing new details about their work.
Announced today, the unnamed group, which includes Bosch, BNY Mellon, Chronicled, Filament and other startup and enterprise firms, has created an API that supports technologies offered by ethereum, JP Morgan's Quorum and the Linux-led Hyperledger project.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"The protocol allows users to register multiple kinds of weaker identities, including serial numbers, QR codes, and UPC code identities and bind them to stronger cryptographic identities, which are immutably linked across both physical and digital worlds using blockchain technology," the release reads.
The software development kits (SDKs) are currently in beta, and are available via the Chronicled and Hyperledger libraries on GitHub.
As explained by Skuchain founder Zaki Manian, the tools now enable the same key pair to represent a cryptographic identity compatible with both blockchains.
Further, Cisco and Bosch offered new information about how they are using blockchain technologies in proof-of-concept projects.
Cisco, a release from the group said, is exploring how it could register device identities using the API, while Bosch is said to have completed a trial centered on linking odometer readings to a blockchain system.
Consortium members are currently working to develop a formal non-profit to support the work, with updates expected later this year.
Car odometer image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
