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IoT & Blockchain: Use Case Overview

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This Kaleido Insights report identifies the enterprise opportunities from the convergence of IoT and Distributed Ledger Technologies. This abridged presentation offers examples to illustrate each use case opportunity. Download the full report at: http://www.kaleidoinsights.com/reports/internet-of-trusted-things-blockchain/

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IoT & Blockchain: Use Case Overview

  1. 1. IoT & Blockchain Use Case Overview Real-world examples across both product and ecosystem-level use cases February 2018 This KaleidoInsights report identifiestheenterprise opportunities from the convergenceof IoTand Distributed Ledger Technologies. This abridged presentation offers examples to illustrateeach use case opportunity. Download the full report here. Jessica Groopman Jeremiah Owyang
  2. 2. Despite recent growth of connected devices and networked services, the lack of shared architecture to interconnect––never mind authenticate or monetize––distributed machines limits value and business model success. Distributed Ledger Technology’s (DLT) role as an enabler of the Internet of Things (IoT) lies in its ability forge trust, not only at the product level, but across an ecosystem of untrusting constituents.
  3. 3. Use Cases Overview
  4. 4. BLOCKCHAIN SUPPORTSIoT PRODUCTS ACROSS THREE USE CASE CATEGORIES Source: KaleidoInsights The Internet of TrustedThings: Blockchain as the Foundation for AutonomousProducts & EcosystemServices
  5. 5. CarPass is an effort to centralize automotive identity across distributed parties Shared visibility into a trusted ledger benefits all parties. Governments can better audit car safety and enforce environmental laws; consumers gain transparency into the integrity of parts, wear and tear, and avoid lemons; technicians can assess maintenance history and user interactions; manufacturers and service centers can offer value-added data services such as replacing parts before they wear out. • Car’s title • Prior damage • Service providers • Maintenance history • Inspection history • Telematics data • Other sensor data • Mileage • Environmental data • Financial services data • 3rd party data streams
  6. 6. Everledger uses blockchain register and trace digital twins of 1.6 million diamonds “from mine to market” • Digitized the Kimberly Process- UN mandated process to curb blood diamonds • Single layer across mining companies, diamond cutters, distributors, retailers, insurers, even consumers • Now expanding to support fine arts, fine wines and other luxury items
  7. 7. Factom supports DHS’ IoT network of surveillance cameras, creating an identity log of devices to prevent spoofing The log captures: • Device ID • Video footage • Manufacturer • List of available updates • Granted authorities • Timestamp of data modifications Given big data constraints, Factom uses hierarchical hashing to condense data to a single hash, anchored on the Bitcoin blockchain. Factom serves as middleware component for stream processing and hashing.
  8. 8. IBM and Walmart partner to track perishables like pork, bananas, using sensors to monitor changes in temperature
  9. 9. SCENARIOS IN WHICH PRODUCT IDENTITY SUPPORTSTRUST ACROSS THE ECOSYSTEM Source: KaleidoInsights The Internet of TrustedThings: Blockchain as the Foundation for AutonomousProducts & EcosystemServices
  10. 10. Oaken Innovations demonstrates car as a mobility wallet, seamlessly paying as it passes through toll Beyond M2M communications, this presents significant cost savings compared to current server and payment infrastructure. Transaction time reduced from days to seconds, and fees from ~3% to .01%
  11. 11. Solarcoin all offer ways for individuals or commercial solar farms to “tokenize” solar energy production 1 SolarCoin = 1 MWh IoT Datalogger method connects to the blockchain, then sends production data to the corresponding user account, then the affiliate site logs this and uses an API to get claims from the SolarCoin Foundation.
  12. 12. UN ‘Building Blocks’ program uses blockchain + iris recognition to authenticate food vouchers for 10,000 Syrian refugees • The program eliminates intermediary costs by 98% • One of the largest blockchain implementations in the world • Building Blocks’ open source design applicable to other humanitarian efforts e.g. health data with the WHO; education with UNICEF
  13. 13. Source: KaleidoInsights The Internet of TrustedThings: Blockchain as the Foundation for AutonomousProducts & EcosystemServices SCENARIOS IN WHICH PRODUCT TRANSACTIONS SUPPORT TRUST ACROSS THE ECOSYSTEM
  14. 14. HYPR enables secure biometric authentication across devices, but eliminates need to centrally store credentials A decentralized ledger to secure sensor-based and traditional credentials: Fingerprint, hands, face, retina, iris, voice, passwords, etc.
  15. 15. GM’s looking at DLT + IoT to improve customer experience of Maven, its car-sharing program GM is experimenting with DLT to deepen the value of the Maven program by extending the authenticatable data associated with both user (e.g. personalized vehicle settings) and vehicle (e.g. maintenance records, diagnostics).
  16. 16. Shping offers a platform for consumers to scan barcodes and upload photos in exchange for reward tokens. A universally recognized product ID number allows all parties to see provenance, interactions, certifications, warranties, and quickly react in the event of a recall
  17. 17. Source: KaleidoInsights The Internet of TrustedThings: Blockchain as the Foundation for AutonomousProducts & EcosystemServices USE CASES FOR BLOCKCHAIN-IoT CONVERGENCE INVOLVE BOTH PRODUCT AND ECOSYSTEM
  18. 18. IBM & Samsung’s ADEPT visualization of a universal digital ledger While an early prototype, the ADEPT (Autonomous Decentralized Peer-to-Peer Telemetry) project remains a critical illustration of the IoT-DLT opportunity: using a ‘single ledger’ to track, reconcile, and securing interactions across diverse parties for business model agility.
  19. 19. Note the rise of DLT as data exchange— a decentralized medium for secure, compliant, scalable data marketplace The Autonomous Vehicle Data Exchange (AVDEX) is a DLT-built data exchange developed by Toyota Research Institute and BigChainDB in an effort to open up data silos for autonomous car R&D. Data providers can upload data sets and data consumers can search, buy, and rate data. Many non-industry-specific decentralized data exchanges, like IOTA’s data marketplace, are also emerging.
  20. 20. Source: KaleidoInsights The Internet of TrustedThings: Blockchain as the Foundation for AutonomousProducts & EcosystemServices USE CASES FOR BLOCKCHAIN-IoT CONVERGENCE INVOLVE BOTH PRODUCT AND ECOSYSTEM
  21. 21. From the Internet of Things to the Internet of Value
  22. 22. Source: KaleidoInsights The Internet of TrustedThings: Blockchain as the Foundation for AutonomousProducts & EcosystemServices IMPACTS OF BLOCKCHAIN-IoT CONVERGENCE WILL COME IN WAVES
  23. 23. DOWNLOAD THE FULL REPORTAT http://www.kaleidoinsights.com/reports/internet-of- trusted-things-blockchain
  24. 24. THANK YOU! Jessica Groopman Automation Strategy Jeremiah Owyang Monetization Strategy Disclaimer: Although the information and data used in this report have been produced and processed from sources believed to be reliable, no warranty expressed or implied is made regarding the completeness, accuracy, adequacy or use of the information. The authors and contributors of the information and data shall have no liability for errors or omissions contained herein or for interpretations thereof. Reference herein to any specific product or vendor by trade name, trademark or otherwise does not constitute or imply its endorsement, recommendation or favoring by the authors or contributors and shall not be used for advertising or product endorsement purposes. The opinions expressed herein are subject to change without notice. CONTACT US: INFO@KALEIDOINSIGHTS.COM @KALEIDOINSIGHTS WWW.LINKEDIN.COM/COMPANY/KALEIDOINSIGHTS

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