In-brief: Before the Internet of Things can really take off, there needs to be a way to securely transact and settle exchanges between the billions of connected endpoints and infrastructures. One nascent technology for doing so is called IOTA.
bitcoin
Bitcoin Blockchain: A New Foundation for Online Trust?| NYTimes
The New York Times has a really interesting story on the rise of Bitcoin’s “blockchain” technology as the foundation of a whole new wave of start-ups and applications – some of which could have big implications for Internet of Things. From the article: “As Bitcoin’s price has declined over the last year, critics have been quick to declare the virtual currency dead. Bitcoin’s true value, though, might be not in the currency itself but in the engine that makes it possible. Underlying Bitcoin — created as a way to make payments directly, anonymously and outside government control — is the block chain, a decentralized database that is driven by cryptography.” While the future of Bitcoin as a form of digital “cash” is uncertain, block chain is turning out to be a very useful technology for a variety of purposes – from streamlining financial transactions online to vouching for the authenticity of […]
IBM and Samsung bet on Bitcoin Tech to save the Internet of Things
In-brief: IBM and Samsung are collaborating on a platform they say will help billions of connected devices interact securely. The technology, “blockchain,” is borrowed – in part -from the online currency Bitcoin, but has better applications as a transaction processing system.
