Is Blockchain The Missing Link for Internet of Things?
Economies spend a lot of money on infrastructure. Yet a lot of this infrastructure lies idle and is underutilised. Big industrial machinery, medical equipment and even ports and airports are mostly unused and not used to their fullest potential. What if we were to find a way which would allow us to use our assets to their fullest capacity? It turns out that the answer may just be using the Blockchain. Blockchain is the same technology that powers Bitcoin and is basically a distributed ledger which can move information on anything which has some value. Blockchain works as a secure....
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Bitcoin and Internet of Things (IoT) are the two buzz words in the tech sphere at the moment. Bitcoin is something which we always keep talking about on this site. Internet of Things, not so much. But with the introduction of Bitcoin 2.0 and other upcoming alternatives like Ethereum, we will be forced to discuss about IoT soon. After all, the IoT will be made possible by Bitcoin technology in the coming days. What is Internet of Things? Internet of Things (IoT) is a concept where the objects and equipment area embedded with electronic sensors to create a network. These "smart" equipment....
It was just last month that IBM's plans for an "Internet of things" architecture that would feature Bitcoin blockchain technology were revealed. IBM's planned project, called Adept, utilizes three distinct technologies including the blockchain, TeleHash, and BitTorrent. IBM's head of mobile and internet Paul Brody is the "VP of the Internet of Things" and is in charge of the project. In a recent talk with Gigaom at their Structure Connect event in San Francisco, Brody further explained his vision for the Internet of Things and he emphasized that developers should welcome open-source....
IBM and Samsung have partnered to put the Blockchain Technology to good use. The partnership points us towards their vision to pioneer in the soon-to-dawn era of Internet of Things. There has been lots of murmur in the tech sphere ever since news about ADEPT was released. Especially among those who understand and anticipate the Internet of Things. What is ADEPT? ADEPT stands for Autonomous Decentralised Peer-to-Peer Telemetry. IBM & Samsung's ADEPT aims to be the technology for ledgers, record-keeping of the gazillions of data points that the Internet of Things will start to generate the....
Bitcoin adoption in a mainstream capacity can only benefit from the efforts being made in the Internet of Things industry. As more and more devices learn to communicate with each other through mesh networks, payment solutions will have to evolve as well. Bitcoin is perfectly suited for microtransactions, and when this world collides with the Internet of....
Fran Strajnar, CEO of BraveNewCoin, tells Cointelegraph about the development of oracles as Ethereum’s missing link to make smart contracts truly useful to the regular business world. Bridging the gap. Ethereum promises a host of smart contract applications from gambling to ridesharing. The technology still is, however, very much in development, and much of its current use remains either speculative or hypothetical, with few day-to-day operations of regular businesses relying on smart contracts. This is because Ethereum smart contracts only have access to information on their own....