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Startups & Enterprises Launch Blockchain IoT Protocol Initiative

By   /  January 31, 2017  /  No Comments

by Angela Guess

According to a recent press release, “In December, representatives from a group of industry-leading startups and innovative Fortune 500 companies met in Berkeley, CA to discuss the challenges facing blockchain and IoT innovation and the potential for a collective effort to address them. The meeting, New Horizons: Blockchain x IoT Summit, was the first step towards a collaborative effort to explore and build a shared blockchain-based Internet of Things protocol. Participants in the discussions included blockchain companies Ambisafe, BitSE, Chronicled, ConsenSys, Distributed, Filament, Hashed Health, Ledger, Skuchain, and Slock.it, along with Fortune 500 corporations BNY Mellon, Bosch, Cisco, Gemalto, and Foxconn.”

The release goes on, “The initiative was motivated by the leaps made by startups and large, blue-chip IT firms in deploying blockchain-registered tamper-proof hardware for various use cases and making new blockchain-based software systems available to enterprises. The meeting included presentations from blockchain and IoT focused startups on their established use cases, industry findings, and identification of common needs. The group 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.”

Read more at PR Newswire.

Photo credit: Flickr

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