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The population in metropolitan cities will exceed 6 billion in 32 years. In this way, technology will be a great task to solve a number of problems that will arise, such as security and transportation, for example. Bosch will use the IOTA currency for industry productivity 4.0

The concept of smart city is one of the important themes of the Consumer Electronics Fair (CES) this year. Some of the world’s major metropolises, including Barcelona, ​​Seoul and London, have already begun to be referred to by the term “smart.”

According to the newspaper Haberturk’dan Mahmut Sancak, the smart city market is expected to grow 19% per year by 2020, when it will reach 800 billion dollars. On the other hand, the Internet of Things (IOT) is one of the most important bases for networked cities.

According to Gartner’s analysis of membership firms, 230 million households worldwide, or about 15% of all households, will be intelligently connected to the network by 2020. It is estimated that the volume of the market by 2020 is $ 250 billion a year.


One of the most striking surveys of smart cities came from the United Nations some time ago. According to the survey, two-thirds of the world’s population will live in large cities by 2050.

The world population, which will reach 9 billion by 2050, will live in at least 6 billion large cities. This development will bring many problems of security and access to education. Technology companies argue that these problems can be solved to a great extent by the wisdom of cities.

Bosch, a provider of German technology and services, is one of the solution companies. The company runs 14 smart city projects, including cities like San Francisco and Singapore. Intelligent lighting, vehicles that measure air quality, smart traffic and safety cameras are prominent.


Constantly protecting and monitoring critical infrastructures such as bridges, tunnels and power lines are among the main objectives of smart city projects. Sharing information with city dwellers increases the importance of security.

Bosch has announced that one of the top 10 cryptographic currencies in the world has decided to invest in the IOTA plan. The investment will be made under the roof of Bosch’s parent company, Robert Bosch Venture Capital.

IOTA stands out for its “Distributed Ledger Technology” feature, which is the first in crypto paradise. Steven Young, president of Bosch in Turkey and the Middle East, said the following on the subject:

IOTA uses Tangle technology instead of blockchain, as opposed to virtual currencies. It was preferred because it would be possible to have an excessive number of data usage and transaction volume in the future because the objects wanted to create a platform on the internet. The tangle does not consist of blocks connected to chains, as opposed to blocks. There is no need for miners in this process. In this note, the length of process times and wasted energy problems for mining are also resolved. ” Referring to the importance of IOTA’s distributed record-keeping technology, Young explains, “This technology is interested in bringing innovations to applications and business plans like IOT- It’s a stepping-stone. Thanks to this technology, IOT will be a standard for communication, security and payment.


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