BitFury to Prototype Bitcoin Mining Device for Internet of Things
Bitcoin mining giant BitFury is moving ahead with development of a previously announced prototype for a bitcoin-enabled Internet of Things (IoT) device. The original prototype, announced last June, took the form of a consumer light bulb that was capable of mining small amounts of bitcoin. BitFury positioned the project at the time as one that would promote understanding of bitcoin technology, while providing developers with a platform for experimentation. Despite a lack of public announcements on the initiative, BitFury head of product Niko Punin stated that the company’s vision for the....
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While banks have been busy performing experiments with blockchain tech, London product consultancy firm Zerado has already built a prototype for an access control system using blockchain, NFC and Internet of Things (IoT). Built to handle both identity and payments, the basic idea is to use blockchain technology to store information about who is authorized to use a physical device (such as a door lock) and to authoritatively determine and authenticate the identity of the person trying to use that device. Once authenticated, the person will be able to use the services controlled by the....
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Following the revelation last week that BitFury had developed a prototype light bulb capable of mining bitcoin, the company has announced it plans to take steps to bring the devices to market in 2015. Though much about the market strategy remains in early stages, the news follows increasing reports that industry companies are attempting to find use cases for bitcoin in line with the broader trend toward connecting everyday devices to the Internet. BitFury said it intends to invite the community to become a part of its rollout plans, and that it would solicit ideas on how the light bulbs....
Blockchain-based startup Chronicled recently revealed a drone prototype with interoperability between the Internet of Things (IoT) and blockchain. The firm released a video of a drone that is registered to a public blockchain with a BLE identity chip, allowing it to self-automate package delivery. Also read: Revolutionary Protocol: The Emergence of....