IBM To Bring Watson to Blockchain Technology

573
ADVERTISEMENTSMunchee Dmarket exhastaWorldcore ICOParagon ICO

Share with:


IBM is reportedly going to combine Blockchain’s distributed ledger technology with its artificial intelligence system Watson to make the billions of smart devices in an emerging world of Internet of Things work safer and smarter. 

According to a lengthy article in CoinDesk written by Michael del Castillo IBM is still in prototype phase in developing this project that brings together the company’s Internet of Things Foundation and Watson divisions to create the Watson Internet of Things group. 

The project is being overseen by IBM’s chief architect in charge of Internet of Things security Tim Hahn who told CoinDesk that the possibilities of the collaboration of artificial intelligence, IoT and Blockchain were huge. 

“What we’re doing with blockchain and devices is enabling the information those devices supply to effect the blockchain. You begin to approach the kind of things we see in movies.”

“We found that there’s this interesting convergence between IBM Watson capability and the Internet of Things Foundation and we decided it would be even better if we combined the two.”

The article reports that one of the features of those early prototypes lets device-owners register on the Blockchain, and with smart contracts, create different tiers of access, giving different users functionality in personalized ways. Not only could user-specific registration help prevent corporate-owed devices from being misused, but it could help prevent the users themselves from being injured.

In the future, a device’s registration will need to last its entire “lifespan”, according to Hahn, across different owners and including the state of its firmware, permanent software that might be used to help regulators identify the exact point a device breaks or begins to malfunction.

Using Blockchain tech, artificially intelligent software solutions could then be implemented remotely.

“You better be ready to actively update your devices throughout the lifecycle of your devices,” Hahn said. “As we know, vulnerabilities will be discovered long after the device is released.”

“Joint ownership of a device, where multiple companies have a vested interest in its current state of production and operational status, could also be improved by an artificially intelligent blockchain,” Hahn suggested.

“The blockchain will let those parties collectively agree on the state of the device and make decisions on what to do based on language coded into a smart contract,” he continued.

IBM recently announced plans to help its own customers implement Blockchain technologies and planning to establish “IBM Garages” in London, New York, Singapore and Tokyo to allow customers to experiment with its Blockchain software.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo