NASA Bets on Blockchain and AI for Satellite Intelligence Study – BTCMANAGER

By Julia Travers     January 18, 2018

NASA has awarded University of Akron (UA) Assistant Professor Jin Wei Kocsis a three-year $333,000 Early Career Faculty grant as part of its Space Technology Research Grants (STRG) program. Dr. Kocsis will utilize the grant to develop AI and blockchain-based technology that will help satellites safely travel farther away while making decisions independently.

Space Travel and Fuzzy Logic

Satellites currently rely on wireless communication with Earth to send and receive vital mission data. As they venture further into space, these transmissions take more and more time to travel. If a satellite encounters space debris that must be avoided or needs to collect information from a nearby meteorite quickly, it is often incapable of doing so in time. Kocis says that,

“I hope to develop technology that can recognize environmental threats and avoid them, as well as complete a number of tasks automatically. I am honored that NASA recognized my work, and I am excited to continue challenging technology’s ability to think and do on its own.”

More at: NASA Bets on Blockchain and AI for Satellite Intelligence Study – BTCMANAGER

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Marine and transport re/insurance to be transformed by blockchain and IoT: LMA – Reinsurance News

By Marianne Lehnis    January 2, 2018

In coming years the marine and transport re/insurance sector stands to be rapidly transformed by blockchain and IoT technology, both in terms of the risks they underwrite and how they do so, creating new opportunities for re/insurers.

Blockchain tile image via ZDNet“IoT could also give insurers access to new data, such as station-keeping data for floating offshore platforms or data on ‘hogging and sagging’ of super tankers, which would enable insurers to monitor fatigue of vessels,” according to the Lloyd’s Market Association Viewpoint publication.

Although blockchain and IoT technologies are currently in the pilot stage within the marine and logistics sector, Lloyd’s stated that these lines of business are expected to be among the biggest adopters of IoT.

New initiatives to incorporate the technologies include a blockchain supply chain system, piloted by IBM and Maersk – it’s being used by Maersk to process 10 million containers this year.

More at: Marine and transport re/insurance to be transformed by blockchain and IoT: LMA – Reinsurance News

Smart links in the supply chain show they can deliver – Financial Times

By Jessica Twentyman    November 1, 2017

When goods in transit can “talk” to supply chain managers, it is easier to figure out where they are, what state they are in and their likely time of arrival at a destination. The same applies to the vehicles or robots that transport them, which is why new levels of internet of things (IoT) connectivity are encouraging supply chain companies to invest to get products to the right place, faster and in good condition.

More at: Smart links in the supply chain show they can deliver – Financial Times

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.”

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

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.

More at: SAP announces partners for IoT blockchain initiative – Supply Chain Digital

The Potential of Blockchain to Secure IoT – RDMag.com

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.

More at: The Potential of Blockchain to Secure IoT – RDMag.com

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.

More at: Blockchain IoT firm Chronicled creates MediLedger Project to safeguard pharmaceuticals