In December, a group of companies interested in using blockchain as a tamper-proof method in IoT applications held a meeting, New Horizons: Blockchain x IoT Summit, in Berkeley, California. The goal was to define the scope and implementation of a “smart contracts” IoT protocol layer. This consortium includes startups like Ambisafe, BitSE, Chronicled, ConsenSys, Distributed, Filament, Hashed Health, Ledger, Skuchain, and Slock.it, along with a few large companies like BNY Mellon, Bosch, Cisco, Gemalto and Foxconn.
The consortium agreed that“security, trust, identity and registration and verification would be the cornerstones of any common protocol, while also acknowledging the need for integration and interoperability across multiple chip types, communication protocols, proprietary platforms, cloud service providers, and blockchain systems.”
Currently participation in the group is voluntary without any formal membership or governance structures, emphasizing fast-moving open source collaboration.… Read the rest