Menu

IoT FEATURE NEWS

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

By

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

myDevices and Arm Partner to Simplify IoT

By: Ken Briodagh    10/18/2018

Combining myDevices' IoT in a Box technology with Arm Pelion IoT Platform creates an easy onboarding experience while providing enterprise-grade IoT c…

Read More

Afero Creates "Bank of Things" In Collaboration With MUFG

By: Ken Briodagh    10/17/2018

Afero has pointed the finger at the emerging world of IoT banking working to enable things to pay each other via secure micropayments, blockchain, and…

Read More

City of Tampere, Finland, Publishes The Smart City Cookbook

By: Ken Briodagh    10/17/2018

The city of Tampere, Finland has published "The Smart City Cookbook" to provide a guide that cities and other smart city program leaders can use when …

Read More

RoboticsX Opens New R&D Facility in Slovenia

By: Ken Briodagh    10/17/2018

According to a recent announcement, RoboticsX has opened a new research and development center in Ljubljana, the capital of Slovenia.

Read More

C3 and AWS Expand Collaboration to Drive Enterprise AI Adoption

By: Ken Briodagh    10/17/2018

C3 and AWS establish market development fund to fuel adoption of AI across commercial and public sector organizations

Read More