TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Internet of Things

Internet of Things

Taking Blockchain beyond Bitcoin - The Trusted IoT Alliance formed to promote Blockchain to the IoT

Ian Scales
By Ian Scales

Sep 19, 2017

via Flickr ©  btckeychain (CC BY 2.0)

via Flickr © btckeychain (CC BY 2.0)

A new IoT organisation - The Trusted IoT Alliance - has been formed with the aim of furthering a “blockchain-based Internet of Things (IoT) open-source working group". Blockchain is basically a distributed ledger system, so every part of the system can check up on changes made (or not) in other parts of the system. Like a paper-based, double entry ledger, the idea is that tampering and falsification becomes more difficult to do and easier to discover.

That’s the short definition -  check it out here for a better understanding

The alliance wants to promote Blockchain as a timely fix for the Internet of Things, which currently has a huge security image problem. The alliance says that while blockchain is usually associated with cryptocurrencies (in particular Bitcoin) its uses can go way beyond dubious applications such as money laundering.  It can be used to underpin all sorts of critical processes such as securing voting records and storing legal documents.

So it says its mission is to “leverage blockchain infrastructure to secure and scale IoT ecosystems.”

IoT systems, it says, operating in heterogeneous and decentralized environments, and consisting of multiple administrative domains, represent a challenge from the point of view of trust.”

It says it wants to “enable trust in the data produced by such IoT systems in a distributed ledger/blockchain agnostic fashion, thereby enabling a decentralized trust model for interoperable digitized identities of physical goods, documents, immobilized assets, sensors, and machines.  Finally, we wish to see this happen with the resiliency that can scale to support billions of connected devices”

It’s planned to work with open source communities and produce open source code to further the spread of Blockchain

The alliance claims that so far Bosch, BNY Mellon, Cisco, Gemalto, US Bank along with Bitse, Chronicled, ConsenSys, Ledger, Skuchain, Slock.it, HCM International of Foxconn Group, IOTA, Oaken Innovations, Qtum, Chain of Things, and Big Chain DB are on-board with the project.  

Related Topics
  • Analysis & Opinion,
  • Internet of Things,
  • News

More Like This

Access Evolution

Telefónica Tech to monitor security in industrial and IoT environments

Jul 1, 2022

Access Evolution

Quectel launches Connectivity-as-a-Service and integrated SIM to simplify IoT deployments in Asia Pacific

Jun 29, 2022

Access Evolution

Mobile services market grew in first quarter at fastest pace since 2010: Omdia

Jun 22, 2022

Access Evolution

Viasat Receives Stockholder Approval for Proposed Acquisition of Inmarsat

Jun 22, 2022

Access Evolution

LoRaWAN Leads Global, At-Scale LPWAN Deployments Across All Metrics

Jun 21, 2022

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

10:14

Executive Interview: Vodafone’s Lucia De Miguel Albertos on the ultimate RAN Intelligent Controller

39:34

Figuring out the TCO of Open RAN

6:47

Dell's Role in Open RAN

4:24

Executive Interview: Neil McRae on BT's Open RAN Plans

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).