Cisco, Bosch reveal more on IoT-Blockchain
April 20, 2017
A group that includes Cisco, Bosch, BNY Mellon, Gemalto and Foxconn have launched a registration API for IoT 'things' that supports the Ethereum, Quorum and Hyperledger blockchain implementations.
The protocol allows users to register multiple kinds of weaker identities, including serial numbers, QR codes, and UPC code identities, and bind them to stronger cryptographic identities, which are immutably linked across both physical and digital worlds using blockchain technology.
In support of the protocol, members of the group are moving forward with several proof of concept projects at the intersection of blockchain and IoT.
Among these projects, Cisco is exploring using the protocol to register device identities and associated data. Bosch has completed work to register automobile odometer readings on the blockchain to prevent fraud.
Startups are also working towards POCs. Chronicled is completing a POC wherein pharmaceutical serialisations and temperature tracking data are logged on the blockchain and Skuchain is using the technology, along with smart contracts, to support supply chain functions and efficacy in the aerospace industry.
Stephan Tual, COO at Slock.it, a German-based technology company that recently raised a $2M seed round said, "We are very excited to support the linkage of IoT technologies and blockchain technologies, and look forward to building many use cases with clients and partners."
Maurizio Greco, CTO of Chronicled said, "In the days of the railroad industry, there was a need to create standard dimensions for the gauge of the rail and width between the rails. Similarly, in the IoT and blockchain space, by creating standards around basic functions, such as registering cryptographic public keys to blockchain systems for 'thing' identity verification, we can set a strong foundation for the growth of this exciting new industry."