Bosch, Cisco, BNY Mellon, others launch new blockchain consortium

Cisco Systems Inc , Bosch Ltd and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve "internet of things" applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon Corp , Foxconn Technology Group, security company Gemalto and blockchain startups Consensus Systems (ConsenSys), BitSE and Chronicled Inc said on Friday that they will collaborate