internet of things Archives -

Isle of Man Blockchain proof of concept project

A few days ago the Man government revealed that it is working on a Isle of Man blockchain proof of concept project.

Announced on the Financial News, this plan started thanks to a collaboration with the blockchain startup Credits.

The Blockchain proof of concept aims at exploring the possibility of the distributed ledger to be used for Internet of Things (IoT) devices.

How the Isle of Man Blockchain proof of concept project works

Credits co-founder Nick Williamson explained that this idea was born to assign unique identities to devices for proving their authenticity.

These were his words:

“The idea behind [the experiment] is that IoT has a promise of assigning a unique, non forgeable identity to physical items and what the blockchain provides is the way of managing and maintaining an identity.”

It is not the first time we read news related to the Isle of Man and its blockchain projects, as it is one of the most active governments in exploring the distributed ledger technology.

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Satoshi

blockchain, internet of things, isle of man

6 Apr 0

Artificial intelligence connected to the blockchain thanks to IBM

ibm works on Watson artificial intelligence connected to the blockchain

IBM is working on an artificial intelligence that will use the blockchain.

Thanks to the possibilities offered by the blockchain in terms of value exchange, the IBM artificial intelligence will be able to analyze tons of data in a small portion of time.

During the past months, IBM studied how to introduce the blockchain technology to its artificial computer called Watson.

And thanks to Tim Hahn this will happen for real. He explained to CoinDesk:

“What we’re doing with blockchain and devices is enabling the information those devices supply to effect the blockchain…You begin to approach the kind of things we see in movies.”

The blockchain applications will include the possibility to allow devices to perform tasks at a certain set time.

Also, the devices wil be registered on the blockchain and – thanks to smart contracts – different types of access will be created, allowing lots of functionalities and customization.

For example, thanks to the blockchain, Watson software could be updated remotely.

“You better be ready to actively update your devices throughout the lifecycle of your devices. Vulnerabilities will be discovered long after the device is released”, commented Hahn.

Unfortunately Watson is still in a development phase and we don’t have more details about this disruptive invention.

“Its early days and we’re just playing around with prototypes now”, explained Hahn.

IBM invests in the Internet of Things

It was March when IBM announced its decision to invest $3bn to build an entire office that would be dedicated to the Internet of Things (IoT), or the smart connection between devices and Internet.

In a press release IBM explained that the company predicted to earn $235bn by the end of 2016 and an increase of 22% from 2014.

The statement also predicted 6.4 billion devices that will be used worldwide within the end of 2016, an amount that will reach 20.8 billion in 2020.

Previous statement

On February IBM Director John Wolper said “we’re all in on blockchain” during Blockchain conference held in San Francisco.

IBM, in fact, is also working on the Hyperledger Project, an open-source blockchain led by The Linux Foundation. Presented in December, this project stars thirty companies including ABN Amro, CME Group, Red Hat and several blockchain startups.

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Amelia Tomasicchio

artificial intelligence, blockchain, hahn, ibm, internet of things, tim hahn, watson

Articles, artificial intelligence, blockchain, hahn, ibm, internet of things, tim hahn, watson

18 Feb 0

How the blockchain can improve the Australian voting system

Flux Party is a new Australian political party that wants to renovate the voting system by using the blockchain.

In fact, they have proposed a new token-based political system based on the Bitcoin technology.

The Flux Party has more than 500 members and its objective is to have six senators on ballots during the next election that Australia will hold in September/October.

How it works

A special feature of this party is that its members are free of its own policies and they can vote for or against a legislation at the bidding of token holders.

“If they didn’t have to be senators, if they could just be software or robots they would be, because their only purpose is to do what the people want them to do”, commented the Flux Party co-founder Max Kaye.

So the bitcoin token could be used by the Flux members for voting but also for trading with other people.

Too old for the Internet era

Australian Flux party is clearly suggesting that the current democratic system is too old for the Internet age and for this reason they want to redistribute the political power by using Bitcoin.

Their own website states: “Our current system doesn’t work well enough; politics gets in the way of policy. Flux is an incremental upgrade to democracy designed to redistribute political power, maximise participation, remove bad policy, and empower voters.”

The Flux Party system will allow voters to be able to set their votes to experts on these issues.

A revolutionary but not so new idea

The idea of a blockchain-based voting system is very revolutionary and it is not developed only by the Fluxa Party.

In fact, Nasdaq and the Bitcoin Foundation have worked both on their own voting systems throught the blockchain technology.

About the author: Amelia Tomasicchio is a writer and a journalist of Bitcoin-related news and articles. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

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Amelia Tomasicchio

australia, bitcoin, bitcoin adoption, Bitcoin Foundation, bitcoin network, bitcoin news, bitcoin value, blockchain, internet of things, technology

Articles, australia, bitcoin, bitcoin adoption, Bitcoin Foundation, bitcoin network, bitcoin news, bitcoin value, blockchain, internet of things, technology

17 Feb 0

Gemalto joins Symbiont to use the Blockchain

Recently we talked about several companies all around the world, like Microsoft or IBM, that are conducting tests about the blockchain and how to introduce it on their business.

Well, today is the turn of Gemalto, a digital security multinational who announced today its interest in the bitcoin technology.

Gemalto has in fact started a new partnership with Symbiont, a well-known blockchain startup that aims at “bridging the gap between the emerging blockchain ecosystem and Wall Street, with the first issuance and trading platform for Smart Securities™”.

According to a new interview with Gemalto’s vice president of business strategy Mark Yakabuski, the blockchain has two potential applications within the market.

These are his words:

“We believe that the first generation of blockchain is going to be driven by the financial services industry. The second generation, we believe the blockchain has the ability to be adopted within the Internet of Things. […] From what I’ve seen, security within the bitcoin and blockchain solutions is certainly in its infancy and there’s a lot of room for growth and improvement. […] But we believe that the solutions built on blockchain will expand quite rapidly, and we want to be a leading security option for our customers as that expands.”

So Gemalto – together with Symbiont – wants to find all the possible applications of the blockchain (like smart and programmable contracts, for example) and also wants to use the Bitcoin technology to improve Gemalto’s existing hardware and APIs.

“Our partners are looking for the level of assurance we provide on our products, and that leads us to believe that these ledgers are going to be adopted by those institutions”, he continued during an interview with Coindesk.

However, it is important to remember that Gemalto already works with some bitcoin exchanges, using its HSMs for cryptographic security.

Furthermore their techs can “adopt to new use cases, and we’re doing what we’ve done across financial industries, which is protecting identities and the transactions they perform”, continued Yakabuski.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio