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How do blockchain and internet of things match?

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This presentation explains the basics about blockchain technology and shows example business cases for blockchain and internet of things.

Presentation was given by Bob Peters (Embedded System Engineer), Embedded Systems Enthusiast, see www.embedwise.com .

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How do blockchain and internet of things match?

  1. 1. How do Blockchain and Internet Of Things Match? Presenter: Bob Peters Blog: www.embedwise.com Email: bob@embedwise.com
  2. 2. 25 November 2016 www.embedwise.com 2
  3. 3. Conclusion • Have an idea about Blockchain • How Blockchain can be used in combination with IoT • (Money) Transactions • Smart contracts • Challenges • Benefits • Discussion 25 November 2016 3www.embedwise.com
  4. 4. Introduction • Bob Peters • Embedded System Enthusiast • Master in Embedded Systems (TUe) • Internet of Things • bRemote Beehive monitoring system, www.bRemote.eu • Embedded system/software development (Consultant) • Blog: www.embedwise.com • Email: bob@embedwise.com 25 November 2016 4www.embedwise.com
  5. 5. Blockchain – A short introduction • https://www.youtube.com/watch?v=WiRFuHXHBhk [2:07] 25 November 2016 www.embedwise.com 5
  6. 6. What is Blockchain? • Blockchain • Ledger • Consensus algorithm • Means to perform changes on the ledger 25 November 2016 6www.embedwise.com
  7. 7. The chain of transactions 25 November 2016 www.embedwise.com 7 Reference: Satoshi Nakamoto (2008), Bitcoin: A Peer-to-Peer Electronic Cash System, 2008
  8. 8. Consensus System • Double spent problem • Proof-of-work consensus 25 November 2016 www.embedwise.com 8
  9. 9. Transactions / Smart contracts • Register transactions and contracts • Automated contract enforcement 25 November 2016 www.embedwise.com 9
  10. 10. Applications blockchain • Currency: Bitcoin • Payment systems: Bitpay • Digital Assets Nasdaq • Identity: Blockstack (formerly known as Onename) • Verifiable Data: Proof of Existence • Smart contracts: Ethereum 25 November 2016 www.embedwise.com 10
  11. 11. Blockchain and Internet of Things • Logistic chain condition monitoring 25 November 2016 11www.embedwise.com Reference: http://www.ibm.com/internet-of-things/iot-news/announcements/private-blockchain/
  12. 12. Blockchain and Internet of Things cont’d • A car as a service • Electricity network (Smart City) 25 November 2016 12www.embedwise.com
  13. 13. Challenges • Number of transactions • Proposed workarounds are tested • Processing power / energy consumption • Change in thinking about business models • Cost development upfront 25 November 2016 www.embedwise.com 13
  14. 14. Benefits • Remove third party • Transparency and immutability • Faster transactions • Lower transaction costs 25 November 2016 www.embedwise.com 14
  15. 15. Conclusion • Have an idea about Blockchain • How Blockchain can be used in combination with IoT • (Money) Transactions • Smart contracts • Challenges • Benefits • Discussion 25 November 2016 15www.embedwise.com
  16. 16. Discussion / Questions? 25 November 2016 16www.embedwise.com • Which business cases can you think of? • Is blockchain technology something for you? • What positive / negative aspects do you see?
  17. 17. Thank you Presenter: Bob Peters Blog: www.embedwise.com Email: bob@embedwise.com 25 November 2016 www.embedwise.com 17
  18. 18. Sources • https://bitcoin.org/en/bitcoin-paper • developer.ibm.com/tv/convergence-iot-blockchain/ • dataconomy.com/wtf-is-the-blockchain-a-guide-for-total- beginners/ • https://en.bitcoin.it/wiki/Weaknesses • https://techcrunch.com/2016/06/28/decentralizing-iot-networks- through-blockchain 25 November 2016 18www.embedwise.com

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