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Bitcoin and IoT
- 1. Building Africa’s Bitcoin Infrastructure
- 3. About Me • Deeply involved in Bitcoin since July 2013 • Published 4 whitepapers & 1 book • 41 Bitcoin Answers on Quora • Became a Bitcoin core developer in May 2014 • Started Bitcoin Dictionary, BitFinance • Contributed to several open source Cryptocurrency- related projects
- 4. What is IoT? • Devices • Connected • Sharing Information
- 5. What is Bitcoin? • Decentralised • Digital • Money
- 8. What is the Blockchain? • Distributed database • Maintains growing list of data records • Tamper proof
- 9. Why Bitoicn • Transact in trustless networks • Smart contracts • Cut out the middleman • Micro-transactions • Censorship resistant • Permission-less Innovation
- 10. What this means for Devices • Track the unique history of devices • Autonomity • Proof of life in manufacturing
- 11. Examples
- 12. Examples
- 13. Examples
- 14. Examples
- 15. Some Possible Future Applications • DACS • Friendly AI • Blockchain Deep Learning
- 16. Questions
Editor's Notes
- Track unique history of devices - History of ownership - Transactions - Data it exchanges with other devices Autonomity - Washing machine charges neibours - Automatically buys washing powder when it runs out - Negotiates with dishwasher and geyser when ZESA is runnig out - Triger logistical events Proof of life in manufacturing
- DACs Fundraising Getting into contracts Enforcing contracts Selling services Making profit and sharing dividends among shareholders Friendly AI Smart Networks Managed by Consensus models To transact on these, agents need to be in good reputational standing Consensus only records bona-fide transactions from good agents Bitcoin Deep learners Crucial moment in AI research was finally having large enough data stores over which to urn machine learning algorithms