Sunday, January 18, 2015

IBM, Samsung: IoT like Bitcoin

IBM Reveals Proof of Concept for Blockchain-Powered Internet of Things
"The ADEPT concept, or Autonomous Decentralized Peer-to-Peer Telemetry, taps blockchains to provide the backbone of the system, utilizing a mix of proof-of-work and proof-of-stake to secure transactions.

IBM and Samsung chose three protocols – BitTorrent (file sharing), Ethereum (smart contracts) and TeleHash (peer-to-peer messaging) – to underpin the ADEPT concept. ADEPT was formally unveiled at CES 2015 in Las Vegas.

According to the draft paper, blockchains deployed within the ADEPT system would serve as a ledger of existence for billions of devices that would autonomously broadcast transactions between peers in a three-tier system of peer devices and architecture. By using an implementation of the bitcoin protocol, ADEPT could serve as a bridge between many devices at low cost.

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Right from the time a product completes final assembly, it can be registered by the manufacturer into a universal blockchain representing its beginning of life. Once sold, a dealer or end customer can register it to a regional blockchain (a community, city or state).
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IBM and Samsung envision networks of devices that are capable of autonomously maintaining themselves. In theory, the paper states, appliances in the home would be able to signal operational problems and retrieve software updates on their own. Devices could also use ADEPT to communicate with other nearby devices in order to facilitate power bartering and energy efficiency."
Internet of Things

As expected, as we are approaching singularity the technology is getting stranger...
Even now, the complexity of many systems is beyond comprehension of most humans...
But it is interesting and often useful...

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