Chain of Things Unveils Study & Conference on Blockchain-Based IoT Security

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Chain of Things, a consortium that supports collaborative development on an open source standard to secure Internet of Things (IoT) devices, today announced the launch of a case study on solar panels and a London conference on 1st of June 2016, covering Blockchain-based IoT security.

“Solar is at the root of the coming 3rd industrial revolution – Blockchain and IoT technologies are at the crossroads of this technology and will enable it to flourish further. Today, 240GWp of solar installations have been grid connected,” said Francois Sonnet  of ElectriCChain.

“By 2040, the International Energy Agency expects an additional 5,000GWp of solar power, translating into upwards of 200 million decentralized solar applications. Securely linking solar production data to the ElectriCChain Blockchain will enable solar owners to share production data and help create a first of a kind global monitoring platform for Global Climate Change and Meteorological purposes.” 

In 2016, there are more connected devices than human beings. By 2020, it is estimated that there will be between 50 and 200 billion connected devices all collecting, relaying, and automatically actioning data. Cybersecurity is the biggest priority in an ever-connected world. We have seen numerous hacks with disastrous consequences for business and even governments. This will only get worse.

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When you look at the state of IoT today, it doesn’t take a genius to see that there is a security blackhole. No one checks their terms of business when they buy a connected device. If they did, then they would learn that the company disclaims all liability for everything. This is not good enough.

Blockchain is the most secure database in the world that has never been hacked. The bitcoin Blockchain is an online monetary system – if you put money on the internet then surely, more than anything else it will be hacked. But bitcoin Blockchain is still there and standing strong.

So can these simple security properties within Blockchain technology serve and secure IoT? That is the purpose of the Chain of Things consortium. To deal with the most pressing problem that everyone would prefer to avoid.

Their first investigation is a practical case study connecting devices to different Blockchain protocols and seeing whether that approach is more secure than the way things are done in IoT today.

They have brought together a few key partners, one to provide solar panels and a device to record the data from the panel, another to provide a device that will run at least two Blockchain technology systems. Based on that, the solar data will be recorded and pushed onto the Blockchains. They will look at the security of adding, maintaining and moving that data on the ledgers. If the security dimensions of Blockchain technology start to make sense, then this event signals the beginning of the build of an open Blockchain IoT standard.

Protect yourself from the danger of a connected world. Come and join us (click here) on the 1st June 2016 if you have an interest in security and IoT. If you’d like to join Chain of Things as a Partner, please email [email protected]

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

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.

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2 COMMENTS

  1. […] conglomerates such as electricity company RWE. Its first case study, revealed at a recent Chainofthings event in London, looked at the application of distributed ledgers to solar power generation, and the next […]

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