Blockchain In IOT
It should come as no surprise that the combination of blockchain and IoT can be used to enhance the delivery of data and its meaning.
Aside from being an efficient way to get the most out of what these technologies offer, they can be combined to achieve quantum leaps in the way systems are run. By ‘systems’ we mean innovations like smart cities. Everyone from government to citizens and private enterprises stand to benefit from being smarter.
Blockchain technology is gaining attention in the areas beyond cryptocurrency. It is coming up with a new set of technologies- blockchain and finance, blockchain and IoT, blockchain and security, blockchain and logistics and so on. When combined IoT and blockchain, they simplify the process, enhance transparency and also guarantees safety. Moreover, many organizations are planning to convergence IoT and blockchain for practical reasons.
Engineering and electronics manufacturer Bosch has partnered with IOTA, integrating its new data collection Internet of Things (IoT) device with the decentralized IOTA Data Marketplace, according to a tweet from Bosch Nov. 12.
The IOTA Marketplace is a decentralized data marketplace where parties can buy or sell access to active data streams, using MAM (Masked Authenticated Messaging). According to a post on Bosch’s blog, MAM is a second-layer data communication protocol that allows for data to be shared peer-to-peer securely via an encrypted channel. Data subscribers can in this way “trust the source and integrity of data even though the identity of the source is masked,” as the blog post outlines.
Both Blockchain and IoT are among the most significant technology trends in the world nowadays. They are being constantly researched for multiple implementations across varying business industries. For someone who has just discovered these technologies, it could be odd to see them in combination. However, Blockchain and IoT can be combined, and the results could be breakthrough-worthy.
Success in an Internet of Things application typically requires the connected, concerted operation and management of a large number of distributed and loosely coupled smart devices that identify and trust each other. While the IoT promises that this integration should ideally map to a decentralized hardware and software platform, current solutions are mostly based on centralized infrastructures.
24-Sep-18 IBM Awarded Patent for Autonomous Self-Servicing Devices Within Blockchain-Based IoT System
IBM has won a patent for the autonomous self-servicing of networked devices that form part of its Autonomous Decentralized Peer-to-Peer Telemetry (ADEPT) environment. The patent, first filed in late June 2016, was awarded by the U.S. Patent and Trademark Office (USPTO) September 18.
IBM first unveiled a proof-of-concept (PoC) for ADEPT in partnership with Samsung back in March 2016. The system uses a blockchain protocol as a basis for a distributed network of devices — what Samsung has called “a sort of decentralized Internet of Things (IoT).”
As IBM explains as a background to its new patent filing, “IoT controllers are often centralized […] [with] different IoT solution vendors [providing] proprietary solutions that follow similar centralized architectures,” suggesting that a decentralized architecture can offer improved cost and operational efficiency.
Credits and technology giant Lenovo New Vision Technology are teaming up to push the development of the Internet of Things.
“The Internet of Things and Augmented Reality are already changing the way we interact with the world. We are excited to partner with AR titan Lenovo New Vision Technology I see the combination of AI/AR and IoT revolutionizing the business environment,” Credits CEO & Founder Igor Chugunov said.