The document discusses the need for a public infrastructure layer to connect the growing Internet of Things (IoT) and bridge the digital and physical worlds. It notes existing infrastructure is not ready for the 21st century challenges of IoT growth and centralized control of data. The IOTA protocol is presented as a solution, using a feeless, decentralized network to allow secure machine-to-machine communication and transactions. IOTA aims to empower people by giving them control and ownership over their identity, data and digital assets in the connected world.
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SFScon 2020 - Antonio Nardella - Networks of Trust in a connected world
1. Networks of Trust in a
connected world
Antonio Nardella
Community Manager, IOTA Foundation
SFScon 2020, 13th November 2020
2. Antonio Nardella
Community Manager, IOTA Foundation
he/him
Tech Consultant
Certified Blockchain Professional
Business Leads
IOTA Experience Team Initiative
Project STODT @ NOI AI Working Group
3. 43 Billion
The number of IoT devices
connecting people,
organizations, and cities by 2023
$98 Billion
The amount raised by private funds in 2019 to
supplement public infrastructure spending
6.9 Million
The predicted number of new jobs
created by increasing infrastructure
spending by 1% of global GDP
The World Needs a Public Infrastructure
Layer that Bridges the Digital and Physical
4. Existing Infrastructure is Not Ready for the 21st Century
Significant value is unlocked when IoT
systems are interoperable. Smart cities
and IoT networks must communicate
on a common standard that is safe for
all participants.
The most valuable companies in the
world rely on capturing human data.
Software predicated on this model
cannot ethically scale to support
infrastructure like roads, water, and
energy.
For-profit companies own
critical data infrastructure
No open-source standard exists
for M2M interoperability
IoT security is hampered
by centralized systems
As critical infrastructure incorporates
IoT devices and tracking sensors,
decentralized systems can remove
single points of failure that would
impact national security or human life.
6. IOTA connects IoT with an energy-
efficient data and payments network,
allowing for novel
machine-to-machine communication
and transactions.
IOTA secures data communications
with trust, integrity and verifiability,
enabling people and machines to
protect, control, and monetize
their data.
Securing data and
enabling monetization
Connecting machines to
communicate and transact
Empowering people to
live freely and securely
IOTA empowers people to live freely
and safely in a digital world by giving
them back ownership over their
identity, data and digital assets.
IOTA Bridges Digital & Physical
Infrastructure for an Open Society
7. IOTA Tangle Technology
IOTA has engineered a feeless, decentralized,
open-source data and value exchange protocol
Highly
Scalable
Zero-fee
transactions
Immutable
data transfer
Optional
Quantum
Resistant
Low energy
requirements
Control and access
management rights
8. Shimmer
The Shimmer voting scheme is named after
an extraordinary behavior seen in nature.
Bees “synchronize” their movement to
defend themselves against predators.
They do this without any centralized entity,
and only know when to “change their state”
by observing the behavior of their peers.
*https://coordicide.iota.org
9. Forces data-based applications to
use the token and pay transaction
fees.
Creates legal, accounting, and
usability issues for developers and
businesses.
Flexible data-based applications can
be developed without token usage or
fees.
Avoids adoption friction created by
forcing data applications to
incorporate fees into non-finance
use cases.
Blockchain
Architecture
IOTA’s Architecture
IOTA’s Parallel Architecture
By separating data and value, IOTA enables complex and flexible use cases
10. Decentralized
digital identity
Secure data
streams
Access
management
Certificates
& audit trails
Data & industry
marketplaces
Digital
wallets
IoT-ready
node software
Libraries
for major
platforms
Active
developer
community
Open-source
toolkits
Deployment
tools
Solve concrete business problemsUtilise or extend the Tangle
IOTA is the open-source protocol for standardized value exchange between machines
Existing ProductsDeveloper tools for
software & hardware
Technical Innovations
Open-source building blocks to accelerate product development and adoption
11. Principles for Real World Adoption
Becoming the trust protocol for digital infrastructure
for a wide range of applications and public services
Bridging digital and physical
As the physical world becomes more connected to the digital world,
a new public infrastructure layer is required to bridge the two
Permissionless innovation
Anyone can make use of it whenever they want, however they need,
without fear of future restrictions or vendor lock-in
A global ecosystem
IoT connects worlds and cannot be built in isolation. We build across ecosystems
consisting of thousands of developers, community members, policy-makers
and organizations looking to utilize and further the technology