Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Time for some new thinking about IoT


Published on

A discussion about identity and the internet of things, exploring some ideas about the connection between IoT and the blockchain. An edited version of the presentation I gave at TechDaysMunich in July 2016.

Published in: Business
  • Be the first to comment

Time for some new thinking about IoT

  1. 1. www.chyp.comPlease Copy and Distribute1 The Internet of Everyone Else’s Things Or “Time for some new thinking on IoT” Munich July 2016
  2. 2. www.chyp.comPlease Copy and Distribute David G.W. Birch Director of Innovation at Consult Hyperion An internationally-recognised thought leader in digital identity and digital money; Named one of the global top 15 favourite sources of business information (Wired magazine); In the London FinTech top 3 most influential powerlist (City A.M.) One of the top ten Twitter accounts followed by innovators, along with Bill Gates and Richard Branson (PR Daily); One of the top ten most influential voices in banking (Financial Brand); Named one of the "Fintech Titans" (NextBank); Voted one of the European “Power 50” people in digital financial services (FinTech Awards); Ranked Europe’s most influential commentator on emerging payments (Total Payments magazine). 2
  3. 3. www.chyp.comPlease Copy and Distribute Consult Hyperion… 3 15/07/2016
  4. 4. www.chyp.comPlease Copy and Distribute IoT Case Study 4
  5. 5. www.chyp.comPlease Copy and Distribute Dave the Designer If your pants could talk, what would they say about you? 5
  6. 6. www.chyp.comPlease Copy and Distribute My Pants If your pants could talk, what would they say about you? 6
  7. 7. www.chyp.comPlease Copy and Distribute So… 7 Pants are low-power devices with no cryptography Pants have no tamper-resistant memory for keys Pants have intermittent connections They may be in the attackers domain if not in secure storage Pants go without upgrades or (digital) patches My pants are not going to negotiate laundry prices any time soon, but they might give away some of my secret!
  8. 8. www.chyp.comPlease Copy and Distribute Where to Focus? Identification, authentication and authorisation Of people and their things But the things can’t do cryptography So we need to manage the virtual things, not the things themselves Wait… What if there was a new way to manage these virtual things?
  9. 9. www.chyp.comPlease Copy and Distribute My Pants Implement the identity of things as a layer on the blockchain 9
  10. 10. www.chyp.comPlease Copy and Distribute The Private Life of My Pants The private life of things as a shared ledger 10
  11. 11. www.chyp.comPlease Copy and Distribute Am I Taking Crazy Pills? So if we can bind the mundane entity to the blockchain entity… 11
  12. 12. www.chyp.comPlease Copy and Distribute Putting my Pants on the Blockchain The private life of things as a shared ledger implemented on a blockchain 12
  13. 13. www.chyp.comPlease Copy and Distribute Where Next? Smart Pants Access to virtual things via “smart contracts” with their own memory 13 Dave’s Pants Other Pants
  14. 14. www.chyp.comPlease Copy and Distribute Contact 14 Browse Follow @chyppings Mail Comment Listen Consult Hyperion UK Tweed House, 12 The Mount Guildford, Surrey GU24HN, UK. +44 1483 301793 Consult Hyperion USA 535 Madison Avenue, 19th Floor New York, NY 10022, USA. +1 888 835 6124