The IoT explosion and blockchain discussed on CoinGeek … – CoinGeek
It seems that the world is in the midst of an explosiona metaphorical one, of course, which was the main topic of discussion in the latest installment of theCoinGeek Roundtable. On the shows sixth episode, Becky Liggero and industry experts tackled the ongoing boom of the Internet of Things (IoT) and what it meant for the future.
The expert panel
Joining Liggero for the lively discussion were three leaders in IoT and blockchain technology. First was Sebastian Grabowski from Orange Business Services, an expert not only on IoT but on smart cities and edge enterprise architectures.
Also part of the panel wasStephan Nilsson, the CEO and co-founder of UNISOT. Nilssons company is geared towards building supply chain solutions and focuses on supply chain traceability and sustainability.
Rounding out the panel wasAlessio Pagani. He is the Research Director of nChain, a powerhouse in blockchain research and development with thousands of patents under its name.
Its a market that is exploding
In its simplest sense, IoT refers to pieces of technology or things that can communicate and exchange data through the Internet. This includes a nearly incomprehensible amount of hardware worldwide, even now, as the industry is still relatively young.
When asked about what we can expect to see in five or ten years, Pagani likened the industrys movement to an explosion.
All the devices are expanding, and this is a market that is exploding, he said, adding that there will be an expected 30 to 40 billion IoT devices by 2025. This number is doubling like almost every two years. This is something that we cannot ignore, and this is a market that we need to move to Web3.
Grabowski thinks that the estimation might even be on the low end since there is a tendency for smart devices to be lumped together and counted as just one system.
I think that its even hard to estimate how much there is currently and how much there is going to be in the very soon future. Billions. Trillions, Grabowski explained.
And when blockchain and IPv6 are added to the mix, Nilsson believes there is even more incentive to put IoT devices in even more places, driving the estimates upwards.
IoT, blockchain & supply chain
One question from the audience during the livestream dealt with blockchain and how it can help with the security and privacy of IoT devices.
Pagani, representing a company whose bread and butter is blockchain, explained that they usually define security using the CIA triad of Confidentiality, Integrity, and Availability.
Blockchain already covers, by default, availability and integrity of data because its an immutable ledger and transparent ledger, he said. He then went on to explain that while confidentiality is a bit more complicated, there exist some cryptographic techniques that allow for the storage and encryption of data.
Another viewer asked how IoT can be used in thesupply chain space. Nilsson answered that there are definitely a lot of initiatives that deal with different blockchains, IoT, and supply chains. However, with the diversity of options available, its not a simple task to make things work.
The problem I see there is that most companies are trying to use private blockchains, Nilsson said, explaining that these are not really blockchains but rather replicated databases. That does not work. So thats the difference here, that you have to connect to a supply chain. You need to use apublic blockchain.
A really, really big revolution
Of course, when people speak of blockchain, talk of payments is usually not far behind. However, not all blockchains are created equal, and certainly not all are capable of handling what many call the payments of the future:micropayments.
On their own, IoT devices can neither receive nor send payments. But add blockchain to the mix, and you enable new aspects of these devices that werent possible otherwise. One example given by Pagani is installing a large device in a place where millions of people may need information that the device holds.
Everyone pays a cent of a cent, so its nothing for you, but for the company providing those devices, its a new business model, Pagani said. Of course, to do that, you need a blockchain like BSV that allows for micropayments. Its very convenient, its cheap, its fast, and this is like a technique for creating new business cases.
Grabowski, on the other hand, describes micropayments as a really, really big revolution in the market. He says that normally when you have companies that own devices or censors, they sell the data gathered to the government or another private company. Blockchain simplifies the entire process and provides access to more parties.
A big problem with most supply chains today is that they are only made for the biggest companies, Nilsson chimed in. But by using the BSV Blockchain that is very scalable and very cost-efficient, that allows us to actually involve the small actors in the edge of a supply chain and buy it.
This way, Nilsson said that even small fishermen and farmers have the incentive to collect data, an initiative that he called gamifying data collection.
To regulate or not to regulate?
So where does government fit in regarding the future ofIoT and blockchain? Should they have a hand in regulating these industries, or should they keep their hands off?
Grabowskis response to this question was a simple I dont know. After all, he explained that the situation now is far different from five or 20 years ago. The times have changed, but it is not necessarily more obvious when it comes to determining whether government or private corporations are in control.
Meanwhile, Nilsson tells the government to stay away and do as little as possible.
The blockchain was created bySatoshi Nakamoto, and it was actually created as a system that was completely legal, compliant with all international laws, Nilsson conveyed. So we already have all the laws that are needed to run blockchain and to use blockchains. We dont need any new laws for that.
Aside from the topics above, CoinGeek Roundtable also touched on 5G, IPv6 integration, and many more.
Check out the previous Roundtable videos onCoinGeeks YouTube channel.
Watch: CoinGeek Roundtable with Joshua Henslee on AI, ChatGPT, and Blockchain
New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.
Read the original post:
The IoT explosion and blockchain discussed on CoinGeek ... - CoinGeek
- UK court calls man claiming to have invented Bitcoin a liar - The Verge - May 23rd, 2024 [May 23rd, 2024]
- UK judge: Craig Wright is a technobabbling liar and forger, not as clever as he thinks he is, and also not Satoshi Nakamoto - Boing Boing - May 23rd, 2024 [May 23rd, 2024]
- Azuki 'Satoshi Nakamoto' Hoodie Is Tokenized on Both Bitcoin and Ethereum - Decrypt - May 23rd, 2024 [May 23rd, 2024]
- Craig Wright forged documents 'on a grand scale' in false claim to be bitcoin inventor Satoshi Nakamoto: judge - New York Post - May 23rd, 2024 [May 23rd, 2024]
- That Guy Claiming to Be Satoshi Nakamoto Just Got Beat Down by a Judge - Futurism - May 23rd, 2024 [May 23rd, 2024]
- Man Who Is Not Satoshi Nakamoto Is A Lying Liar, And Here Are Some Of The Lies He Told - Dealbreaker - May 23rd, 2024 [May 23rd, 2024]
- Craig Wright "Slippery" and "Not as Clever as He Thinks He is" Judge Blasts Would-be Satoshi Nakamoto - CCN.com - May 23rd, 2024 [May 23rd, 2024]
- Satoshi-Era Bitcoin Miner Awakens: 2000 BTC Moved in One Go - Investing.com - May 23rd, 2024 [May 23rd, 2024]
- Computer scientist lied that he was Bitcoin founder Satoshi Nakamoto and committed 'clumsy' forgeries 'on a gr - Daily Mail - May 23rd, 2024 [May 23rd, 2024]
- The Cult of Satoshi: Like its creator, BSV faithful are in it purely for the tech - CoinGeek - May 23rd, 2024 [May 23rd, 2024]
- UK Judge Slams Craig Wright, Says Scientist Lied 'Extensively' About Being Bitcoin Creator - WebProNews - May 23rd, 2024 [May 23rd, 2024]
- Aussie Who Said he Invented Bitcoin Lied on 'Grand Scale': Judge - Asia Financial - May 23rd, 2024 [May 23rd, 2024]
- The Fall of Craig Wright: UK Judge Exposes Lies & Forgery in Satoshi Nakamoto Claim - Blockonomi - CryptoDaily - May 23rd, 2024 [May 23rd, 2024]
- Bitcoin's Dominance: Challenges, Resilience, and Future Prospects - Crypto Reporter - May 23rd, 2024 [May 23rd, 2024]
- Technobabbling liar: Judge tears strips off Aussie's bitcoin claims - The Australian Financial Review - May 23rd, 2024 [May 23rd, 2024]
- Judge says Craig Wright 'not as clever as he thinks he is' - Protos - May 23rd, 2024 [May 23rd, 2024]
- 'I've moved on to other things' Satoshi Nakamoto's final email revisited after 13 years - Cointelegraph - April 26th, 2024 [April 26th, 2024]
- Satoshi Nakamoto Delivered Final Words on Bitcoin 13 Years Ago Today - U.Today - April 26th, 2024 [April 26th, 2024]
- Bitcoin's halving is a major spectacle that's the whole point - Blockworks - April 20th, 2024 [April 20th, 2024]
- From Satoshi to Slots: A Beginner's Guide to Bitcoin Casinos and Their Advantages - Eye On Annapolis - April 20th, 2024 [April 20th, 2024]
- Two potential outcomes for Bitcoin if Satoshi Nakamoto's true identity is revealed By Investing.com - Investing.com - March 16th, 2024 [March 16th, 2024]
- Satoshi-Era Bitcoin Wallet Suddenly Revives After 14 Years: Details - TradingView - March 16th, 2024 [March 16th, 2024]
- Satoshi Back? Nakamoto-Era Bitcoin Wallet with 50 BTC Suddenly Comes Back to Life After 14 Years - ZyCrypto - March 16th, 2024 [March 16th, 2024]
- Craig Wright is not Satoshi Nakamoto, The Creator of Bitcoin - Crypto Times - March 16th, 2024 [March 16th, 2024]
- Craig Wright has claimed since 2016 to be bitcoin's purported creator "Satoshi Nakamoto" - pdclarion.com - March 16th, 2024 [March 16th, 2024]
- Craig Wright has claimed since 2016 to be bitcoin's purported creator "Satoshi Nakamoto" - KULR-TV - March 16th, 2024 [March 16th, 2024]
- Ripple's CTO Adds Fuel to Doubts over Craig Wright's Assertion of being Bitcoin's Founders Satoshi Nakamoto - DailyCoin - March 16th, 2024 [March 16th, 2024]
- Ripple CTO Exposes Flaws in Craig Wright's Claim to be Satoshi Nakamoto - TradingView - March 16th, 2024 [March 16th, 2024]
- After UK judge rules Craig Wright is not Satoshi, the mystery endures here are four figures long eyed as Bitcoin's ... - DLNews - March 16th, 2024 [March 16th, 2024]
- Craig Wright has claimed since 2016 to be bitcoin's purported creator "Satoshi Nakamoto" - The Mountaineer - March 16th, 2024 [March 16th, 2024]
- The Only Person on Earth Whos Legally Not Satoshi Nakamoto Craig Wright Gets Brutally Trolled as His Bitcoin-Related Claims Stand Discredited -... - March 16th, 2024 [March 16th, 2024]
- Who Is Satoshi Nakamoto? Court Rejects Craig Wright's Claim To Be Bitcoin's Inventor By Benzinga - Investing.com UK - March 16th, 2024 [March 16th, 2024]
- Calvin Ayre leaves X after court finds Craig Wright is not Satoshi - Protos - March 16th, 2024 [March 16th, 2024]
- Ethereum-based Satoshi Nakamoto Impersonator Suffers 93.16M cDAI Liquidation - The Crypto Basic - March 13th, 2024 [March 13th, 2024]
- Craig Wright Court Hearing: COPA Accuses Would-be Satoshi Nakamoto of Perjury - CCN.com - March 13th, 2024 [March 13th, 2024]
- Parsing Satoshi: What the Malmi emails reveal about Bitcoin's creator - Cointelegraph - March 13th, 2024 [March 13th, 2024]
- Satoshi-Era DOGE Whale Returns After 10.2 Years of Dormancy - TradingView - March 13th, 2024 [March 13th, 2024]
- Kurt Wuckert Jr: Ignorance of BSV is what keeps it from being the go-to blockchain so far - CoinGeek - March 13th, 2024 [March 13th, 2024]
- Satoshi Nakamoto Is Rolling Over In His Grave As Traders Watch Fed - Forbes - January 31st, 2024 [January 31st, 2024]
- Solana threatens Ethereum's stablecoin dominance, new meme coin surging in presale - crypto.news - January 31st, 2024 [January 31st, 2024]
- Bitcoin halving 2024: Octa expert expectations - Taiwan News - January 31st, 2024 [January 31st, 2024]
- Is Bitcoin Creator Satoshi Nakamoto Back? Enigmatic Post Sparks Speculation By U.Today - Investing.com - January 30th, 2024 [January 30th, 2024]
- The Evolution of Bitcoin and Cryptocurrency: A Decade of Digital Disruption - Medium - January 30th, 2024 [January 30th, 2024]
- JPMorgan CEO's dig on Bitcoin and Satoshi spark BTC hodl rumors on Reddit - Cointelegraph - January 24th, 2024 [January 24th, 2024]
- JPM's Jamie Dimon believes Satoshi Nakamoto will either increase or "erase" Bitcoin supply - CryptoSlate - January 24th, 2024 [January 24th, 2024]
- Why Satoshi Nakamoto is smiling at BlackRocks embrace of Bitcoin - Fortune - January 24th, 2024 [January 24th, 2024]
- Who is Satoshi Nakamoto?. In 2009, Satoshi Nakamoto published the | by Benny Pregarz | Jan, 2024 - Medium - January 24th, 2024 [January 24th, 2024]
- Speculation Rife Over $1.2M Bitcoin Sent to Satoshi; Sei & InQubeta Win Over Investors - NewsBTC - January 24th, 2024 [January 24th, 2024]
- Blur and Bitcoin Cash: Are They the Next to Boom? An In-Depth Look at What's Captivating the Crypto Market - Finbold - Finance in Bold - January 24th, 2024 [January 24th, 2024]
- Satoshi Nakamoto's Legacy and the Future of Bitcoin in Finance - TheStreet - December 30th, 2023 [December 30th, 2023]
- 2023 Crypto Wealth Surge Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow Featured Bitcoin ... - Bitcoin.com News - December 30th, 2023 [December 30th, 2023]
- UXUY launches the world's first standardized indexer, an inscription Infra embracing Bitcoin and the spirit of Satoshi - InvestorsObserver - December 30th, 2023 [December 30th, 2023]
- The Rebel Satoshi Phenomenon: Can a $50 Investment Really Grow to $5,000? - Analytics Insight - December 30th, 2023 [December 30th, 2023]
- Looking Beyond Bitcoin and Dogecoin: Top Cryptocurrency Picks for 2023 - Finbold - Finance in Bold - December 30th, 2023 [December 30th, 2023]
- Key Cryptocurrencies to Keep an Eye on During a Bull Market: Featuring Litecoin and Rebel Satoshi - Finbold - Finance in Bold - December 30th, 2023 [December 30th, 2023]
- 2024 is the year for enterprise growth and Satoshi's legacy: Calvin Ayre - CoinGeek - December 30th, 2023 [December 30th, 2023]
- What Is A Coinbase Transaction In Bitcoin? - CCN.com - December 19th, 2023 [December 19th, 2023]
- Tracing the Lineage of Cryptocurrencies: A Guide to Bitcoin's Digital Descendants - TechiExpert.com - December 19th, 2023 [December 19th, 2023]
- Bitcoin: 13 Years Ago Satoshi Nakamoto Posted His Last Message - Watcher Guru - December 19th, 2023 [December 19th, 2023]
- Bitcoin in danger as we are 'one chess move away' from 'big problems' - Finbold - Finance in Bold - December 19th, 2023 [December 19th, 2023]
- Ethereum (ETH) Nears Key Support, Cardano (ADA) and Rebel Satoshi ($RBLZ) Fuel Altcoin Momentum - CryptoPotato - December 19th, 2023 [December 19th, 2023]
- Its 13 years today since Satoshi Nakamoto was last active on BitcoinTalk - Tekedia - December 19th, 2023 [December 19th, 2023]
- Trends and Predictions: Bitcoin and the Changing Face of Global Finance - CXOToday.com - December 19th, 2023 [December 19th, 2023]
- Bitcoin Breadcrumbs: Tracing the Path of Cryptocurrency Evolution - Daily Californian - December 19th, 2023 [December 19th, 2023]
- Crypto Expert Adam Back Predicts Bitcoin Going to $100,000 Before ... - Captain Altcoin - September 9th, 2023 [September 9th, 2023]
- Privacy is paramount, and zero-knowledge cryptography is the way - Blockworks - September 9th, 2023 [September 9th, 2023]
- Analyzing The Key Differences And Similarities: BITCI Vs. Bitcoin - Inventiva - September 9th, 2023 [September 9th, 2023]
- Regulatory Challenges: How Governments Are Responding to ... - The Coin Republic - September 9th, 2023 [September 9th, 2023]
- Bitcoin Ordinals Vs. NFTs: Analyzing Signuptoken.com And ApeCoin - Tekedia - September 9th, 2023 [September 9th, 2023]
- 'In Early' Podcast talks to Nick Smart about Bitcoin, Dr. Craig Wright ... - CoinGeek - September 9th, 2023 [September 9th, 2023]
- Is Buying Bitcoin, ETH Now Akin to Buying Internet in the 1990s? - The Coin Republic - September 9th, 2023 [September 9th, 2023]
- The Promises and Pitfalls of Bitcoin, and the Looming Threat of a ... - C2C Journal - September 9th, 2023 [September 9th, 2023]
- Explained: How Drivechain captured the attention of the Bitcoin ... - Protos - September 9th, 2023 [September 9th, 2023]
- Back to school book roundup - Management Today - September 9th, 2023 [September 9th, 2023]
- The conversation is starting to change around legal duties for ... - CoinGeek - September 9th, 2023 [September 9th, 2023]
- The Role of Marketing in Crypto Presales: Unlocking Success for ... - Tekedia - September 9th, 2023 [September 9th, 2023]
- Nakamigos Set To Launch Its Hottest NFTs This Year Can It Bring ... - Inside Bitcoins - September 9th, 2023 [September 9th, 2023]
- Who is Satoshi Nakamoto, the inventor of Bitcoin? - The Coin Republic - August 26th, 2023 [August 26th, 2023]
- How to put words into a Bitcoin address? Here's how vanity ... - Cointelegraph - August 26th, 2023 [August 26th, 2023]
- Similarities Between Bitcoin and Ethereum - Watcher Guru - August 26th, 2023 [August 26th, 2023]