29 Jan '16, 1pm

Beyond bitcoin: Can the blockchain power industrial IoT?

Bitcoin has become one of the most interesting technologies of the past few years. The magic behind bitcoin is powered by an equally exciting technology known as the blockchain. While the Bitcoin is certainly the most famous application of the blockchain, it is far from being the only one. The decentralized, trustless and secured capabilities of the blockchain have the potential of redefining many traditional business solutions including those powering the enterprise Internet of Things (IoT). The blockchain explained The blockchain is Bitcoin’s public ledger. From a functional standpoint, the blockchain provides a decentralized, time stamped, ordered record of all transactions in a Bitcoin network that can be verified at any time. These simple capabilities represent the first practical answer to profound computer science problems based on the trust of nodes in a decentrali...

Full article: http://www.cio.com/article/3027522/internet-of-things/bey...

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