Menu

IoT FEATURE NEWS

Trusted IoT Alliance & Qtum Strengthen IoT Device Security

By Ken Briodagh December 18, 2017

The Trusted IoT Alliance recently announced a new initiative with Qtum to strengthen connected device security using blockchain technology. The Qtum Foundation has awarded approximately $250,000 USD for the Trusted IoT Alliance to provide to members and the general public who submit proposals for promising approaches to leverage the Qtum protocol for IoT security. The Trusted IoT Alliance Selection Committee will choose from proposals and provide real market feedback to the Qtum community on the most promising applications. The Selection Committee is expecting to meet on Jan 26th in Berlin.

"There's a reason why these global firms and Qtum are meeting at the intersection of IoT and blockchain technology. Blockchain technology presents an unparalleled opportunity to have connected devices operate securely and autonomously while communicating and transacting with one another," said Patrick Dai, founder, Qtum Foundation. "We know by accepting proposals for blockchain IoT use cases, the community will be able to highlight Qtum's unique advantages."

The Qtum protocol presents strengths when applied to IoT devices and secure edge computers. Qtum is able to execute Solidity smart contracts from light clients in low-bandwidth environments, and is able to secure the network with a proof-of-stake consensus protocol.

"With Qtum, we hope to pioneer a new model for how public blockchains can inspire deeper collaboration and the creation of an authentic ecosystem and use cases," said Zaki Manian, Executive Director of the Trusted IoT Alliance. "This grant will support exploration into protocols and smart contracts and provide valuable insight to the Qtum community on which directions for future development to pursue."


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

Synching Up A More Secure IoT, Syniverse Launches Single Focus Global Network

By: Cynthia S. Artin    6/22/2018

As global as the Internet is, and as resilient as the Internet was designed to be, Syniverse, a 30-year old mobile network services company that alrea…

Read More

AvePoint Citizen Services Launches in Richmond, Virginia

By: Ken Briodagh    6/21/2018

Six government agencies in Richmond, Virginia will hook into the AvePoint Citizen Services' RVA 311, centralizing requests and resolution tracking for…

Read More

Cybertrust Joins the CIP Project As Ecosystem for Large Scale Critical Infrastructure Initiatives Grows

By: Cynthia S. Artin    6/20/2018

When it comes to critical infrastructure, including development of the smart grid, smart cities, transportation systems, and more, security is no long…

Read More

Study Says: Mauritius, Ghana and Tunisia Lead African Telecoms

By: Ken Briodagh    6/20/2018

BuddeComm has launched a Telecoms Maturity Index (TMI), to analyze the broadband, mobile and fixed Line markets of a country, rank it and compare it t…

Read More

A Guide to Creating New Citizen Experience in IoT-Based Smart Cities

By: Special Guest    6/19/2018

IoT-based smart cities are creating value for citizens. In this article, we explore three components of a citizen-centric smart city and reveal how to…

Read More