IBM is pushing for integration between the Internet of Things (IoT) and blockchain technology. The firm has invested $200 million USD in its Watson IoT headquarters in Munich, Germany, to research and develop the capabilities of these two innovations.
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IBM Injects $200M Into German IoT Branch
The multinational tech giant is racing towards blockchain technology at a fast pace. Recently, the firm created a global Watson IoT headquarters in Munich where it studies and develops IoT protocols.
IoT technology will incorporate embedded chips and software in cars, machines, hospital equipment, and household appliances. IBM says it created the German headquarters because of the “escalating demand from customers who are looking to transform their operations using a combination of IoT and Artificial Intelligence.”
Distributed ledger technology tethered to IoT can create a more