Streamr, the Decentralized Real-Time Data Economy, Joins the Trusted IoT Alliance – Blockchain News

By Richard Kastelein    October 10, 2017

Streamr, the decentralized peer-to-peer data sharing protocol, today announced that it has joined the Trusted IoT Alliance, an open source software consortium which aims to create a secure, scalable, interoperable, and trusted IoT ecosystem. Founded by industry leaders such as Bosch, BNY Mellon, Cisco, Gemalto, and U.S. Bank, the consortium seeks to standardize an open source Blockchain protocol to support IoT technology in major industries worldwide.

Streamr CEO and Co-founder Henri Pihkala said:

“The exponential growth of IoT and the ubiquity of connected devices brings unparalleled value to data, fully transforming the service sector, the supply chain and in turn the modern economy. Yet the rapid nature of that technological evolution has come at the cost of our security and freedom, a cost that has not gone unnoticed by industry leaders.”

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SAP announces partners for IoT blockchain initiative – Supply Chain Digital

SAP is to work with a number of well-known companies in its blockchain co-innovation initiative and plans to make the digital ledger system an integrated part of Internet of Things (IoT), manufacturing and digital supply chain solutions.

Companies including Capgemini, Deloitte, GrainCorp, HCL Technologies, HERE Technologies, Moog Inc., Natura Cosméticos S.A., NetApp and PeerNova are collaborating with SAP to validate use cases and business models for blockchain usage for product and asset lifecycle management solutions from SAP.

“In the digital economy, an iterative, fast-paced approach in close collaboration with our customers and partners is imperative,” said Dr. Juergen Mueller, Chief Innovation Officer, SAP.

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The Potential of Blockchain to Secure IoT –

Blockchain is the initial technology behind the digital currency Bitcoin, providing users who do not know each other the ability to build a dependable ledger.

However, the technology has potential beyond cryptocurrency. Today, blockchain is being investigated as a tool to better secure Internet of Things (IoT) networks, potentially reducing the significant risk that can accompany IoT use.

To learn more about what blockchain is, how it works and its potential in IoT, R&D Magazine spoke with Ahmed Banafa, IoT expert, technology speaker and faculty member at San Jose State University.

R&D Magazine: What is blockchain?

Banafa: The current system we have now for IoT is centralized—single point of failure. This means that if a hacker can get into the cloud, if they can get into a set of routers or the server, they can get into the information and no one can stop them. The idea of the blockchain is different.

Say for example, you have an office building that has a guard outside that checks the I.D.s of people before letting them in. This is what we have now in IoT. In the case of blockchain we don’t have a guard standing there; this person can get in. However, before that happens 80 to 90 percent of the people in the building have to identify this person and say it is OK for them to enter. It is a peer-to-peer system. You have to have the voting of roughly 8/10 saying this is a valid transaction. That is safer because it is not just one person signing off. If you just have just one guard, as we do in traditional IoT security, what happens if that guard is corrupted or can be bribed to get in?

Blockchain evolved from Bitcoin. That is where the idea came from.

R&D Magazine: What are the biggest security concerns currently within IoT ?

Banafa: It is the same problem that you have with any kind of network you are dealing with—the challenges are big.  First off, there are limitations in technology. You cannot tell me that a system is 100 percent secure, even if you have the best encryption, the best firewalls, it doesn’t matter. Someone smarter than you will eventually figure it out.

Another big problem is the user. Not everyone is tech-savvy and understands the importance of changing their passwords, not clicking on links they don’t recognize, etc The non-technical user is a weakness in the system, which is going to be an access point for a hacker.

The other challenge is that we have many different kinds of hardware and software available. Therefore, there are issues with the compatibility process and this can create some holes for hackers to get in.

Blockchain tries to not deal with them. Instead, it deals with the process, not the components, not the software. Blockchain changes the process of who is identified, who is approved instead of going and solving every software and hardware problem. Blockchain looks at the problem from a different perspective.

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Blockchain IoT firm Chronicled creates MediLedger Project to safeguard pharmaceuticals

Chronicled has partnered with life sciences consultancy LinkLab to explore blockchain track and trace.

Blockchain IoT company Chronicled has partnered with life sciences consultancy LinkLab on the MediLedger Project, to track and trace products in the pharmaceutical industry.

The project is primarily aimed at demonstrating compliance with the Drug Supply Chain Security Act (DSCSA), using a blockchain (transparency, immutability, shared memory etc) to track and trace prescription medicines. The project also seeks to demonstrate the ability to prevent counterfeit medicines from entering the supply chain.

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Blockchain consortium sees bright future in supply chain – DC Velocity

Trusted IoT Alliance members Bosch, Cisco, Gemalto will collaborate on open source development.

A consortium of technology companies including Robert Bosch GmbH, Cisco Systems Inc., and Gemalto NV will cooperate in setting standards to boost the adoption of blockchain software and internet of things (IoT) networks in a move that could improve information sharing and data security for supply chain applications, according to the terms of a deal announced today.

Known as the “Trusted IoT Alliance,” the group intends to encourage the development of highly secure IoT applications for industry, using blockchain software to ensure that the data cannot be tampered with, the group said.

Blockchain technology provides a “distributed ledger” of digital breadcrumbs that verify the identity of digital records by ensuring they cannot be changed without the permission of all parties in a given transaction. The technology has recently been gaining traction in transportation applications, led by vendors such as TCompanies Inc.IBM Corp., and SAP SE, and even another standards organization, called the Blockchain in Trucking Alliance (BiTA).

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Intel and Tencent Collaborate on Internet of Things Blockchain Solution

Chinese media and technology firm Tencent and Intel announced at the 2017 World Internet of Things Exposition in Wuxi, China on September 10 their signing of a letter of intent for a partnership centered on Blockchain technology.

The partners asserted that the project will focus on developing applications for the Tencent User Security Infrastructure (TUSI) Internet of Things (IoT) laboratory.

According to Tencent Mobile Internet Group Vice President Wu Yu, there is an increasing adoption of IoT technology worldwide and they want to take advantage of this growth. He added that Intel’s technology will be used to resolve issues with critical hardware security.

Details of the collaboration

According to the letter of intent, Tencent will utilize cloud-based Blockchain technology through the support of Intel. It’s presently unknown whether the project will use the Coco Framework, which is a joint project of Intel and Microsoft, or an iteration of Hyperledger, which is Linux’s open-sourced platform for Blockchain projects.

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HMM completes world’s first blockchain powered shipping voyage – CryptoCrimson

Hyundai Merchant Marine (HMM) has become the world’s first company to complete world’s first blockchain powered shipping voyage from South Korea’s port of Busan to China’s Qingdao.

The shipping giant used sensors in its containers that enabled it to receive real time monitoring and management information while also allowing it to use blockchain technology to instantly share information with multiple parties.

The entire voyage was powered by blockchain – from shipment booking to cargo delivery. HMM said in a statement that it reviewed the feasibility of adopting blockchain into shipping and logistics and also tested combining the blockchain technology with the Internet of Things (IoT) technology.

The pilot was undertaken as part of a consortium which includes the Korea Customs Service (KCS), Ministry of Maritime Affairs and Fisheries, the Korea Maritime Institute (KMI), Busan Port Authority, Hyundai Merchant Marine (HMM), Korea Marine Transport, IBM Korea and Samsung SDS, a member of the Ethereum Enterprise Alliance.

“Adopting blockchain technology in shipping & logistics industry will enable all involved parties to securely share all the information such as Certificate of Origin and customs clearance information, and will also reduce a tremendous amount of paperwork – such as inputting booking information and Bill of Lading – hence will improve work efficiency. Data will also be safer with stronger security through public-key cryptography,” the company says.

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