Hyperledger Case Studies Step-by-step process leads Bosch to Hyperledger Labs with Perun layer-2 protocol

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	Step-by-step process leads Bosch to Hyperledger Labs with Perun layer-2 protocol Hyperledger

Step-by-step process leads Bosch to Hyperledger Labs with Perun layer-2 protocol

Hyperledger

Technology Category	Analytics & Modeling - Real Time Analytics Application Infrastructure & Middleware - Blockchain
Applicable Industries	Automotive Electronics
Applicable Functions	Discrete Manufacturing Product Research & Development
Use Cases	Machine to Machine Payments Smart Contracts
Services	Software Design & Engineering Services System Integration
Challenge	Bosch Research was exploring the Economy of Things, where IoT devices will need to buy and sell to one another. The first challenge was creating a secure platform to support automated micropayments between 'things'. This suggested distributed ledger technologies (DLTs) such as blockchain. However, blockchains don't scale well. Reaching consensus on a transaction takes time. And tiny IoT devices have limited power, memory, processing, and connectivity. They certainly can't run heavy code. The question was how any blockchain could possibly work around all these constraints and how Bosch could help pioneer the standards needed for IoT devices to buy and sell among themselves. Read More
About Customer	Bosch Research is an advanced research group of 1,800 people and part of The Bosch Group. The Bosch Group was founded in 1886 and currently employs 395,000 people with 2020 sales of € 71.5 billion ($80 billion). The company is active in everything from autonomous vehicles to thermal plants. The Economy of Things will touch many lines of business. That's why the company's advanced research group, Bosch Research, was looking into the Economy of Things in 2017. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. With more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. At 129 locations across the globe, Bosch employs some 73,000 associates in R&D, of which nearly 34,000 are software engineers. Read More
Solution	In 2017, Bosch researchers came across Perun, an early layer-2 protocol that passes state information off-chain through virtual channels. Bosch joined forces with several academics to implement this protocol and start creating an ecosystem, using a step-by-step strategy for open source. The project joined Hyperledger Labs in 2020, and the partners have now demoed Perun running with Ethereum, Polkadot, and Cosmos blockchains. The university spun off a new company, PolyCrypt GmbH, with funding from the German government. Perun was one of 2021’s 10 most active projects in Hyperledger Labs with developers completing an SDK and a library for embedded devices. Perun is now available for anyone looking for a fast, proven protocol to support micropayments. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Application Infrastructure & Middleware - Blockchain

Applicable Industries

Automotive

Electronics

Applicable Functions

Discrete Manufacturing

Product Research & Development

Use Cases

Machine to Machine Payments

Smart Contracts

Services

Software Design & Engineering Services

System Integration

Challenge

Bosch Research was exploring the Economy of Things, where IoT devices will need to buy and sell to one another. The first challenge was creating a secure platform to support automated micropayments between 'things'. This suggested distributed ledger technologies (DLTs) such as blockchain. However, blockchains don't scale well. Reaching consensus on a transaction takes time. And tiny IoT devices have limited power, memory, processing, and connectivity. They certainly can't run heavy code. The question was how any blockchain could possibly work around all these constraints and how Bosch could help pioneer the standards needed for IoT devices to buy and sell among themselves.

About Customer

Bosch Research is an advanced research group of 1,800 people and part of The Bosch Group. The Bosch Group was founded in 1886 and currently employs 395,000 people with 2020 sales of € 71.5 billion ($80 billion). The company is active in everything from autonomous vehicles to thermal plants. The Economy of Things will touch many lines of business. That's why the company's advanced research group, Bosch Research, was looking into the Economy of Things in 2017. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. With more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. At 129 locations across the globe, Bosch employs some 73,000 associates in R&D, of which nearly 34,000 are software engineers.

Solution

In 2017, Bosch researchers came across Perun, an early layer-2 protocol that passes state information off-chain through virtual channels. Bosch joined forces with several academics to implement this protocol and start creating an ecosystem, using a step-by-step strategy for open source. The project joined Hyperledger Labs in 2020, and the partners have now demoed Perun running with Ethereum, Polkadot, and Cosmos blockchains. The university spun off a new company, PolyCrypt GmbH, with funding from the German government. Perun was one of 2021’s 10 most active projects in Hyperledger Labs with developers completing an SDK and a library for embedded devices. Perun is now available for anyone looking for a fast, proven protocol to support micropayments.

Impact #1	Perun was one of the top 10 most active Hyperledger Labs in 2021.
Impact #2	Perun demos run with Ethereum, Polkadot, and Cosmos blockchains.
Impact #3	The protocol can support payments with any cryptocurrency or CBDC.

Impact #1

Perun was one of the top 10 most active Hyperledger Labs in 2021.

Impact #2

Perun demos run with Ethereum, Polkadot, and Cosmos blockchains.

Impact #3

The protocol can support payments with any cryptocurrency or CBDC.

Benefit #1	Perun can settle micropayments in milliseconds.

Benefit #1

Perun can settle micropayments in milliseconds.

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Overview

Step-by-step process leads Bosch to Hyperledger Labs with Perun layer-2 protocol

Operational Impact

Quantitative Benefit