IBM Sees Role for Block Chain in Internet of Things
IBM researchers are looking into the possibility of using block chain technology for the Internet of Things (IoT) - a term for the growing network of devices with basic computer-like capabilities that communicate over the web. The IoT is likely to bring a major change in the way we use technology, with interaction between connected everyday devices (such as pacemakers, fire alarms or air-conditioning units) and humans increasingly becoming the norm. Now IBM is examining the use of block chain technology for an IoT distribution platform, backed by other peer-to-peer (P2P) technologies. The....
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BlockApps, a Microsoft affiliate designed to provide an enterprise block chain toolkit to help businesses develop new functionalities, brings to mind the role that Oracle plays in the future of decentralized databases, according to Victor Wong, BlockApps CEO. In an interview with International Business Times, Wong cited Oracle's role as a database provider as a parallel to BlockApp's role providing tools such as smart contracts for businesses to use to create new functionalities. Microsoft Enters The Block Chain Arena. Microsoft partnered with an Ethereum-based startup, ConsenSys, to....
Taking the block chain out of Bitcoin and applying it to concepts beyond currency will be a key part of 2015. Their trustless, decentralized nature and future smart contracts provide more than just currency. Today, block chains are the data structure core to decentralized cryptocurrencies. Block chains are bubbles of market-driven nascent economies and platforms of permissionless innovation. Block chains, the concept, are even more important than the bitcoins they safeguard. I'm a big believer that the Internet of Things will grow one very compelling use case - Paul Brody, IBM. For a....
Bitcoin will be the sixth largest global reserve currency by 2030, according to research by Silicon Valley investment firm Magister Advisors, which surveyed some 30 block chain companies, the International Business Times reported. The research also indicates banks will invest $1 billion in block chain technology in the next few years and that the block chain will become the rails on which finance runs. Block chain is "without question" the most important enterprise IT development in a decade, said Jeremy Millar, a partner in the investment firm. He characterized the block chain as being on....
While financial institutions explore the capabilities of the block chain as a tool for managing finance, the supply chain industry is taking an interest in using bitcoin and the block chain for managing global trade and e-commerce. Rimas Kapeskas, managing director of UPS Strategic Enterprise Fund, the private equity strategic investment arm of UPS, wrote a blog about the advantages of bitcoin on Longitudes, the UPS blog devoted to the trends shaping the global economy. Kapeskas said digital currency and block chain technologies could provide a better platform for global trade and....