Timo Gessmann

Director, Bosch IoT Lab, St. Gallen, Switzerland
Head of the Bosch IoT lab in collaboration with HSG, Timo Gessmann mixes cutting edge research with commercial viability.

FACTS

About Bosch Software Innovations

Bosch Software Innovations has been active in the Internet of Things for nearly ten years. The team of IoT consultants, software developers, solution architects, project managers, UX designers, business model innovators, and trainers brings IoT ideas from strategy to implementation. With its domain-specific, software, and organizational know-how, Bosch Software Innovations supports companies digitally transforming themselves. The company has designed, developed, and operated more than 250 international IoT projects in mobility, smart city, energy, manufacturing, agriculture, health, as well as smart homes and buildings. Its cloud-based Bosch IoT Suite currently connects more than 6.2 million sensors, devices, and machines with their users and enterprise systems. With over 600 IoT experts worldwide, Bosch Software Innovations has locations in Germany, Bulgaria, Singapore, China and Japan.

Why is blockchain becoming increasingly important in the IoT?

Timo Gessmann Established in 2009, blockchain has become a highly disruptive technology. In the beginning, it was mainly used for FinTech applications such as cryptocurrencies. Nowadays, however, blockchain is no longer just about digital currencies such as Bitcoin or IOTA. Blockchain will fundamentally change how we exchange value. In the age of the IoT, we have many devices that exchange information with each other. The challenge is to create trust in those devices. It can be compared to dealing with money: it is accepted to do business and to set up contracts. A person gives you money and you give some sort of value back to that person in return. In a digital world with IoT devices, there is a requirement for technology that enables humans to trust a device. In addition, this technology needs to ensure that the information the device provides is correct and trustworthy. Because blockchain fulfills these requirements, it allows digital contracts to be established between things – which is why it is becoming increasingly popular for IoT use cases. One IoT use case we have identified at the Bosch IoT Lab is using blockchain to prevent odometer fraud.

TICKET

BIOGRAPHY

Timo Gessmann manages the Bosch IoT Lab, a cooperation between the University of St. Gallen, ETH Zurich and Bosch. Timo joined Bosch in 2002 as an embedded software developer. Since then he has worked in various areas.

These range from the development of embedded systems through project management to comprehensive innovation and product management in the automotive industry. He was also involved in the foundation and development of new business areas and new organizational units.

Timo studied electrical engineering at the Baden-Wuerttemberg Cooperative State University in Stuttgart. The Bosch IoT Lab works on the development of new IoT business areas in the areas of mobility, connected life and work, IoT business models and blockchain technologies.