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

Kansas City Smarts: City Manager Andy Shively Leverages IoT for Utility Innovation

By: Ken Briodagh    1/17/2018

We spoke to Andy Shively, Special Assistant City Manager, City of Kansas City, Missouri, who will be a featured speaker at the Smart City Event, next …

Read More

Lighting the Future: Illuminating the Backbone of the IoT

By: Ken Briodagh    1/17/2018

We spoke to Russ Sharer, VP, Global Marketing and Business Development, Fulham Co., Inc., who will be a featured speaker at next week's IoT Evolution …

Read More

Focus on Women in IoT: Event Features Key Women in Technology

By: Ken Briodagh    1/16/2018

IoT Evolution Expo, which will take place next week, has put a focus on making sure it increases the number of women speaking at the event.

Read More

6 Skills IoT Developers Need

By: Special Guest    1/16/2018

The Internet of Things (IoT) requires a very broad set of skills, and no one person can have all these skills at once, so be ready to collaborate with…

Read More

What can the Internet of Things do for Social Entrepreneurship?

By: Special Guest    1/16/2018

With the rise of digital professional communities making it easier than ever for small businesses and entrepreneurs to gain access to resources and fu…

Read More