{"id":1060,"date":"2016-08-09T16:07:00","date_gmt":"2016-08-09T16:07:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/08\/isle-of-man-blockchain-proof-of-concept-project.html"},"modified":"2021-07-28T21:13:53","modified_gmt":"2021-07-28T19:13:53","slug":"isle-of-man-blockchain-proof-of-concept-project","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/08\/isle-of-man-blockchain-proof-of-concept-project.html","title":{"rendered":"Isle of Man Blockchain proof of concept project"},"content":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3825 alignleft\" src=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2016\/08\/isle_of_man_map1.jpg\" alt=\"Map of Isle of Man\" width=\"450\" height=\"373\" \/><\/div>\n<div>A few days ago the <b>Man government<\/b> revealed that it is working on a\u00a0<b><a href=\"http:\/\/www.independent.co.uk\/news\/uk\/home-news\/bitcoin-how-the-isle-of-man-is-sparking-a-cryptocurrency-revolution-a6794756.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Isle of Man<\/a><\/b> <b>blockchain proof of concept project.<\/b><\/div>\n<div><\/div>\n<div style=\"text-align: justify;\">Announced on the <b>Financial News<\/b>, this plan started thanks to a collaboration with the blockchain startup <b>Credits<\/b>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Blockchain proof of concept aims at exploring the possibility of the distributed ledger to be used for <b>Internet of Things <\/b>(IoT) devices.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h2 style=\"text-align: justify;\">How the\u00a0Isle of Man Blockchain proof of concept project works<\/h2>\n<div style=\"text-align: justify;\">Credits co-founder <b>Nick Williamson<\/b> explained that this idea was born to assign unique identities to devices for proving their authenticity.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">These were his words:<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;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.&#8221;<\/i><\/div>\n<div style=\"text-align: justify;\"><i>\u00a0<\/i><\/div>\n<div style=\"text-align: justify;\">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.<\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A few days ago the Man government revealed that it is working on a\u00a0Isle 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 [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,364,373],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Isle of Man Blockchain proof of concept project -<\/title>\n<meta name=\"description\" content=\"Isle of Man to start its new blockchain project. 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