At Bosch, blockchain helps battle against parts fraud
Cambridge Wireless International Conference speaker discusses new distributed ledger technology
When Peter Busch, senior manager of connected services at the Robert Bosch Group, talks about blockchain it is in the same vein as another blockchain speaker at this year’s CWIC event, Derek Long – that is, as a digital database without any centralised authority.
“When we talk about blockchain it means as a distributed ledger,” he told the Cambridge Independent. “The software behind the blockchain’s infrastructure is a distributed ledger: the software stacks are the blockchain technology.
“The money or currency aspect is the least thing when we talk about blockchain.”
Peter is on the panel chaired by Derek Long at the July 4 Cambridge Wireless International Conference (CWIC). It will be his first CW International Conference. He’ll be talking about Bosch’s investment in distributed ledger technology and its disruptive potential.
“I’ll be talking about blockchain synergy, and our vision and strategy, how we see the challenges,” he says. “We’re looking at all industrial strategies – mine is automotive, that is vehicle-to-vehicle.
“We use blockchain in several in-car applications. The first is the digital identity of the components, that is which components really belong to that car, to always be sure you have the right components, to prevent fraud for instance.”
Fraud as in non-approved manufacturers of products?
“We see more and more fraud using very cheap components.
“So to be sure the car has an authentic mileage reading, from day one the data has to be written to the blockchain.”