Summary

Minima is collaborating with Siemens, the leading industrial tech firm in Europe, to embed its blockchain technology into Siemens’ devices, targeting the automotive, robotics, and energy sectors.

Key Highlights

• The partnership follows Minima’s prior announcement of a collaboration with semiconductor leader ARM to develop microchips featuring integrated decentralized ledgers.
• This initiative allows IoT devices to operate as full nodes, enabling them to interact with blockchain networks without the dependency on external servers.

Detailed Insights

The muscle behind Minima, Siemens Cre8Ventures is an initiative aimed at fast-tracking industrial transformation through partnerships with startups focused on AI and cybersecurity.

A shift toward greater computing power at the edges of networks necessitates enhanced security and data integrity within these devices, showcasing the utility of IoT blockchains.

Hugo Feiler, CEO of Minima, reflects on the transformative nature of blockchain technologies in enterprise settings, outlining that as organizations evolve to edge computing, the need for resilient decentralized systems becomes essential.

“But as power goes to the edge on these devices, then even large enterprise clients need to make sure that there’s resilience through that,” Feiler remarked. Translation: “However, as capability moves towards these devices, large corporate clients must guarantee resilience.”

In conclusion, the collaboration aims to enhance operational capabilities across Siemens’ digital platforms while contributing to the EU’s goal of reducing reliance on foreign microchip suppliers.