Menu

IoT FEATURE NEWS

Qtum Foundation, Trusted IoT Alliance, and Chronicled Develop Blockchain IoT Cases

By Ken Briodagh January 03, 2018

In a recent release, Chronicled and The Qtum Foundation have announced a collaboration to combine the Internet of Things (IoT) with Blockchain technology, developing real-world use cases integrating smart devices with a secure distributed ledger back end. This will take place in collaboration with researchers at the University of California, Berkeley. Through this partnership, Qtum and Chronicled will work together to define and support a roadmap of fundamental research at UC Berkeley, developing post-quantum applied cryptography, zkSNARK-based privacy-preserving smart contracts, and zero knowledge proofs for large computations.

“The partnership with Chronicled and UC Berkeley represents the frontier of innovation in IoT, smart contracts, and privacy for enterprise applications. We are delighted to be partnering with some of the strongest researchers and innovators in the world who are leading enterprise implementations,” said Patrick Dai, founder, Qtum Foundation.

Qtum is developing a leading blockchain data network in Asia, using a hybrid model that combines the UTXO transaction model with a virtual machine layer for smart contracts. Meanwhile, Chronicled will pursue development of smart contracts to integrate IoT device registrations on the Qtum blockchain. Both Chronicled and Qtum are members of the Trusted IoT Alliance, a consortium of companies ranging from startups to Fortune 100 enterprises. The Alliance is focused on leveraging the power of the blockchain to secure high-value physical assets. Members of the Alliance, which is based in San Francisco, include Bosch, BNY Mellon, Cisco, and UBS.

"We have been collaborating with the team at Qtum for almost a year through the Trusted IoT Alliance, and we are excited to bring the latest IoT integration capabilities to Qtum,” said Maurizio Greco, CTO, Chronicled. “We see a future where trusted device provisioning, authentication, data logs, and payments are just around the corner.”

A team of researchers at UC Berkeley is currently focused on using applied cryptography to develop solutions for identity, ownership, and provenance validation as well as other use cases at the intersection of blockchain and IoT. Through collaboration with Chronicled and Qtum, they hope to devise real-world use cases and gain insight from two teams that have been developing and applying the technology for enterprise customers.

“It is great to work with strong commercialization partners who both value the need for fundamental research and who see a path to commercialization of the applied cryptographic methods that we have under development in the lab,” said Alessandro Chiesa, Assistant Professor, UC Berkeley.


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

When A Ransomware Attack Took over Cameras, Where Was the Last Line of Defense?

By: Special Guest    7/16/2018

Romanian hackers took control of 123 of the Washington, DC police department's 187 outdoor surveillance cameras in January of 2017 - rendering them un…

Read More

Gartner Gives Customers the Peer Insights Customers' Choice

By: Chrissie Cluney    7/16/2018

Gartner, Inc.'s Peer Insights Customers' Choice is recognition program for vendors in six markets by verified end-user professionals.

Read More

Weightless Winning: Ubiik Secures $8 Million Contract to Deploy Taiwan's Largest LPWA Network

By: Cynthia S. Artin    7/12/2018

Ubiik's innovation and investments in the development of Weightless Low Power Wide Area Network (LPWAN) technology has paid off.

Read More

Ericsson Establishes Center of Excellence and Innovation Lab for 5G in India

By: Ken Briodagh    7/11/2018

According to a recent announcement, Ericsson has established a Centre of Excellence (CoE) and Innovation Lab for 5G in the country at the Indian Insti…

Read More

Needed: Smart and Secure Cities

By: Special Guest    7/10/2018

Municipalities around the globe have proven creative and resourceful in deploying sensors, monitors, and other IoT devices to transform the manner in …

Read More