Cryptocurrencies and blockchain tech in general have the potential to make machine to machine (M2M) payments very efficient. This talk explores different angles of M2M payments in the internet of things (IoT). Presented at Blockchain Week IoT conference, Barcelona, 6 Oct 2015 and M2M Digital Curreny Summit London, 17 Mar 2016.
Ethereum: A decentralized software platform for people and thingsAlexander Hirner
Blockchain 2.0 technologies promise to be the new layer for federated and accountable networks. At the Global IoT day 2015, I presented the motivation for decentralized but data-based business models and where / where not Ethereum fits into this picture.
Video: https://youtu.be/EGrFZuTrVKg?t=39s
Internet of Things (IoT) two-factor authentication using blockchainDavid Wood
Presented at the Ethereum Engineering Group Meetup in Brisbane, Australia, on 13 Nov 2019. We report on research to use an Ethereum blockchain as an MFA and/or MPA device to secure command channels on IoT networks, even when the underlying network may be compromised.
5th Meetup - Ethereum & IoT: examples, opportunities and IBM initiativeAlexander Hirner
IoT must shift from proprietary to decentralized and open but secure for a triple win: hardware manufacturers, consumers and system developers. The reasons why Ethereum is a suitable enabler and testbed for protocol extensions in the IoT space are explained with some examples. Privacy and security provide a common topic to other IoT developments.
Blockchain applications demand standard testing such as functional performance, integration, and security testing. In addition, testing teams must have these specialized testing capabilities including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities.
Cryptocurrencies and blockchain tech in general have the potential to make machine to machine (M2M) payments very efficient. This talk explores different angles of M2M payments in the internet of things (IoT). Presented at Blockchain Week IoT conference, Barcelona, 6 Oct 2015 and M2M Digital Curreny Summit London, 17 Mar 2016.
Ethereum: A decentralized software platform for people and thingsAlexander Hirner
Blockchain 2.0 technologies promise to be the new layer for federated and accountable networks. At the Global IoT day 2015, I presented the motivation for decentralized but data-based business models and where / where not Ethereum fits into this picture.
Video: https://youtu.be/EGrFZuTrVKg?t=39s
Internet of Things (IoT) two-factor authentication using blockchainDavid Wood
Presented at the Ethereum Engineering Group Meetup in Brisbane, Australia, on 13 Nov 2019. We report on research to use an Ethereum blockchain as an MFA and/or MPA device to secure command channels on IoT networks, even when the underlying network may be compromised.
5th Meetup - Ethereum & IoT: examples, opportunities and IBM initiativeAlexander Hirner
IoT must shift from proprietary to decentralized and open but secure for a triple win: hardware manufacturers, consumers and system developers. The reasons why Ethereum is a suitable enabler and testbed for protocol extensions in the IoT space are explained with some examples. Privacy and security provide a common topic to other IoT developments.
Blockchain applications demand standard testing such as functional performance, integration, and security testing. In addition, testing teams must have these specialized testing capabilities including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities.
Harnessing Blockchain technology for Cybersecurity (Smart City, Smart Nation)NUS-ISS
Presentation by Mr. Floyd DCosta, Co-founder @Block Armour, CEO @Blockchain Worx at NUS-ISS SkillsFuture Series Seminar: How the world is experimenting with Blockchain
A Complete User Guide for hyperledger burrow and its architecture. Find out what is hyperledger and how it is used for private blockchain development on hyperledger.
Visit>>http://bit.ly/2wQ41RW
How to track the location of an Internet of Things (IoT) device on the blockchain and view it in a Google Maps reader application.
This solution features: (Hardware) Particle.io Electron device using C++ programming; (Platform) Provide Platform running on the Ethereum Network using Solidity smart contracts; (Application) Google Maps leveraging the Provide Platform APIs and running on a node.js platform.
Resources:
http://provide.services
http://particle.io
https://cloud.google.com/maps-platform/
For a video overview of the detailed solution:
https://youtu.be/TTroWlQCwZc
AI provides the intelligence and IoT delivers the data, while blockchain resolves the trust/security/privacy issues for the distributed AI+IoT system: AI provides a deeper analysis of real-time IoT data streams through Fog/edge computing to drive intelligent decision making; Blockchain offers a secure privacy-preserving data exchange between IoT devices; Decentralized AI market can be formed from the integration of blockchain, on-device AI and edge computing and IoT; Predictive analytics for data transaction can detect any fraud transaction for providing data security and protection
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/
How Internet Of Things is changing Financial SectorSandeep Mishra
Internet of Things industry is developing rapidly and it provides people with a range of digital devices and sensors all around the world. As IoT is surrounding us in all fields of activity, banking area is also striving to make use of IoT and get some benefits.
Beyond the hype and the media-fueled apocalyptic scenarios, let's analyze what A.I really
means for the future of the industrial world.
I'll demystify what’s beyond the buzzwords of the moment, and have a close look at A.I,
Blockchain and IoT, illustrated with some real-world use-cases.
I'll finally propose a few scenarios where these three technologies could converge into the 3rd era of the Internet.
Impact of the General Data Protection Regulation (GDPR) on Artificial Intelligence (AI)
Impact of the General Data Protection Regulation (GDPR) on Blockchain
Impact of the General Data Protection Regulation (GDPR) on IoT
Fog computing security and privacy issues, open challenges, and blockchain so...IJECEIAES
Due to the expansion growth of the IoT devices, Fog computing was proposed to enhance the low latency IoT applications and meet the distribution nature of these devices. However, Fog computing was criticized for several privacy and security vulnerabilities. This paper aims to identify and discuss the security challenges for Fog computing. It also discusses blockchain technology as a complementary mechanism associated with Fog computing to mitigate the impact of these issues. The findings of this paper reveal that blockchain can meet the privacy and security requirements of fog computing; however, there are several limitations of blockchain that should be further investigated in the context of Fog computing.
When it comes to the Internet of Things, a blockchain can be provide a platform to handle device authentication process and thereby prevent a spoofing attack by malicious parties who may impersonate some other device to launch an attack to steal data or cause some other mayhem.Blockchain will allowdirect communication between two or more devices so that they are able to transact without going through a third-party intermediary, and in effect make spoofing more cost prohibitive. This White Paper explains how blockchain can improve the security of IOT devices.
The Next Big Thing In Mobile App Development – Trends 2019!Ajeet Singh
Here’s a fun fact: By 2020, mobile applications are expected to generate a whopping amount of $188.9 billion as global revenue!
The world of technology has constantly been experiencing changes in the mobile app development trends from the past few years, and these changes are only improving our day-to-day lives via mobile and web applications. Mobile app development is a domain that consists of some of the fastest growing industries and they are in no mood to slow down.
So fellas, this presentation shares six major upcoming mobile app development trends of 2019!
The Internet of Things (IoT) has been developing over the last 20 years and is often referred to as Industry 4.0 or the “fourth industrial revolution.” It is an umbrella term for all the digital assets and entities connected to the internet. Many of these are intangibles, such as data, human capital via artificial intelligence (AI), intellectual property (IP), and cyber; as such, they need to be made tangible to address value on a balance sheet. Others are connected entities, such as sensor devices, collecting and receiving information in an intelligent fashion across networks.
Explore how Artificial Intelligence will work in the blockchain and cryptocurrency world. Learn about the impacts of AI with blockchain technology and cryptocurrency
The Internet of Everything is aiming to connect 1.5 billion devices by 2022.
But what is happening now that the protocols are closed source or the devices have to talk with centralized private clouds? The need for trust in the Internet of Everything protocols is palpable and the IOTA Distributed Ledger Technology (DLT) is striving to solve this trust issue with innovative bio-mimicking research in the field.
My talk at IDNOG5 (ID Network Operators Group) Conference, Jakarta, 2018, covers a short overview of fintech, cryptocurrency & blockchain + a networking perspective/use cases at the end
Harnessing Blockchain technology for Cybersecurity (Smart City, Smart Nation)NUS-ISS
Presentation by Mr. Floyd DCosta, Co-founder @Block Armour, CEO @Blockchain Worx at NUS-ISS SkillsFuture Series Seminar: How the world is experimenting with Blockchain
A Complete User Guide for hyperledger burrow and its architecture. Find out what is hyperledger and how it is used for private blockchain development on hyperledger.
Visit>>http://bit.ly/2wQ41RW
How to track the location of an Internet of Things (IoT) device on the blockchain and view it in a Google Maps reader application.
This solution features: (Hardware) Particle.io Electron device using C++ programming; (Platform) Provide Platform running on the Ethereum Network using Solidity smart contracts; (Application) Google Maps leveraging the Provide Platform APIs and running on a node.js platform.
Resources:
http://provide.services
http://particle.io
https://cloud.google.com/maps-platform/
For a video overview of the detailed solution:
https://youtu.be/TTroWlQCwZc
AI provides the intelligence and IoT delivers the data, while blockchain resolves the trust/security/privacy issues for the distributed AI+IoT system: AI provides a deeper analysis of real-time IoT data streams through Fog/edge computing to drive intelligent decision making; Blockchain offers a secure privacy-preserving data exchange between IoT devices; Decentralized AI market can be formed from the integration of blockchain, on-device AI and edge computing and IoT; Predictive analytics for data transaction can detect any fraud transaction for providing data security and protection
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/
How Internet Of Things is changing Financial SectorSandeep Mishra
Internet of Things industry is developing rapidly and it provides people with a range of digital devices and sensors all around the world. As IoT is surrounding us in all fields of activity, banking area is also striving to make use of IoT and get some benefits.
Beyond the hype and the media-fueled apocalyptic scenarios, let's analyze what A.I really
means for the future of the industrial world.
I'll demystify what’s beyond the buzzwords of the moment, and have a close look at A.I,
Blockchain and IoT, illustrated with some real-world use-cases.
I'll finally propose a few scenarios where these three technologies could converge into the 3rd era of the Internet.
Impact of the General Data Protection Regulation (GDPR) on Artificial Intelligence (AI)
Impact of the General Data Protection Regulation (GDPR) on Blockchain
Impact of the General Data Protection Regulation (GDPR) on IoT
Fog computing security and privacy issues, open challenges, and blockchain so...IJECEIAES
Due to the expansion growth of the IoT devices, Fog computing was proposed to enhance the low latency IoT applications and meet the distribution nature of these devices. However, Fog computing was criticized for several privacy and security vulnerabilities. This paper aims to identify and discuss the security challenges for Fog computing. It also discusses blockchain technology as a complementary mechanism associated with Fog computing to mitigate the impact of these issues. The findings of this paper reveal that blockchain can meet the privacy and security requirements of fog computing; however, there are several limitations of blockchain that should be further investigated in the context of Fog computing.
When it comes to the Internet of Things, a blockchain can be provide a platform to handle device authentication process and thereby prevent a spoofing attack by malicious parties who may impersonate some other device to launch an attack to steal data or cause some other mayhem.Blockchain will allowdirect communication between two or more devices so that they are able to transact without going through a third-party intermediary, and in effect make spoofing more cost prohibitive. This White Paper explains how blockchain can improve the security of IOT devices.
The Next Big Thing In Mobile App Development – Trends 2019!Ajeet Singh
Here’s a fun fact: By 2020, mobile applications are expected to generate a whopping amount of $188.9 billion as global revenue!
The world of technology has constantly been experiencing changes in the mobile app development trends from the past few years, and these changes are only improving our day-to-day lives via mobile and web applications. Mobile app development is a domain that consists of some of the fastest growing industries and they are in no mood to slow down.
So fellas, this presentation shares six major upcoming mobile app development trends of 2019!
The Internet of Things (IoT) has been developing over the last 20 years and is often referred to as Industry 4.0 or the “fourth industrial revolution.” It is an umbrella term for all the digital assets and entities connected to the internet. Many of these are intangibles, such as data, human capital via artificial intelligence (AI), intellectual property (IP), and cyber; as such, they need to be made tangible to address value on a balance sheet. Others are connected entities, such as sensor devices, collecting and receiving information in an intelligent fashion across networks.
Explore how Artificial Intelligence will work in the blockchain and cryptocurrency world. Learn about the impacts of AI with blockchain technology and cryptocurrency
The Internet of Everything is aiming to connect 1.5 billion devices by 2022.
But what is happening now that the protocols are closed source or the devices have to talk with centralized private clouds? The need for trust in the Internet of Everything protocols is palpable and the IOTA Distributed Ledger Technology (DLT) is striving to solve this trust issue with innovative bio-mimicking research in the field.
My talk at IDNOG5 (ID Network Operators Group) Conference, Jakarta, 2018, covers a short overview of fintech, cryptocurrency & blockchain + a networking perspective/use cases at the end
Block chain 101 what it is, why it mattersPaul Brody
The Blockchain is an important new technology, but it is shrouded in mystery: what does it do? Why is it such a big deal? How is it related to bitcoin? In this short presentation (with attached video), I attempt to answer those questions.
The core feature of tokenized ecosystems, aka public blockchains, is getting people to do stuff. In this talk, I give more structure to this idea using a framing from optimization literature, and more precisely, evolutionary algorithms (EAs). I give examples of this approach using Bitcoin and Ocean Protocol as examples.
Link to video: https://www.youtube.com/watch?v=Sm8j0u5NuGQ
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
Upfront Ventures blockchain and crypto deckMark Suster
Mark Suster of Upfront Ventures gives a presentation primer on Cryptocurrencies & Blockchain. This is best consumed with a video that will be released and available on Upfront's YouTube page: https://www.youtube.com/user/upfrontventures/videos
R newton quantum innovation and i road stack 03oct18Randall Newton
Presentation slides from 03OCT18 presentation at Synergis Adept User Experience Conference. Topics include design thinking, innovation, technology stacks, new horizons.
This presentation is about blockchain.
When Thomas Edison invented the electric lamp in 1879, he did not make a market analysis. The market did not have an identified need for a lamp but for light. This is a kind of disruptive original ideas.
Satoshi Nakamoto (a person or a group) did not do a market analysis neither . The blockchain was born after the financial crisis of 2008 as people lost trust in banks.
Satoshi Nakamoto introduced a new model of trust based on cryptographic proof in a decentralised & distributed ledger.
What is bloackchain technology ? Why blockchain is disruptive? And what are the main blockchain technologies ?
The blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. ... You may hear it described as a “digital ledger” stored in a distributed network.
Blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. Its value to the manufacturing vertical is promising as Industry 4.0 continues to grow.
I spent quite some time to digest how Blockchain works and how it can influence our everyday life in the upcoming decades. My slides focus on that from a non-IT expert point view.
I spent quite some time to digest how Blockchain works and how it can influence our everyday life in the upcoming decades. My slides focus on that from a non-IT expert point of view.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
1. How
Bitcoin Machines
enable
Intelligent Agents
of the (near) Future in a
New Machine Economy
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
2. Let's first talk about:
“Bitcoin Machines”
… they are actually “Blockchain Machines”
Why is that important?
(Tip: it is not because Blockchain = cool, and Bitcoin not so anymore ...)
Bitcoin is just one Application of the Blockchain
serving two purposes:
1) Digital Currency
2) Billing Mechanism for Blockchain Functions
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
3. You will likely think of Bitcoin / Blockchain Machines as:
“Mining” Hardware
(to 'make' Bitcoins)
How is this hardware different
from all other computer hardware?
And why does this difference
make things so exciting?
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
4. ALL your SmartPhones, Laptops, PCs, Servers, Supercomputers, Network Devices
are based on FLOATING POINT Technology.
The add-on Security in the form of Encryption is NOT very secure:
clear-text 1's and 0's are wrapped in a blanket of encryption on the outer shell.
It only takes a more powerful FLOP computer to break it,
a 'Master Key', Secret Court Orders, or skilled hackers.
ALL FLOATING POINT Technology is weak.
When Security is fairly easily compromised,
then Identity, Authentication, and Transaction Safety is gone as well.
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
5. Blockchain Machines
are completely different beasts:
they are not FLOP, but INTEGER based.
ALL they do is Forward-Hashing
SHA256 Cryptography
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
There is no “turning back” with forward-hashing
– so it is even safe against Quantum Computers coming one day.
6. FLOP Hardware & Software:
Clear-Text Operations retro-fitted with a wide variety of
complex – yet insecure – patchwork security solutions.
Everything added to this technology is equally insecure.
Blockchain Machines & Protocol:
Forward-only Crypto-based Operations in crypto-based
network collaboration making compromise impossible.
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
7. Blockchain Machines
For the 1st
time provide really secure solutions for
Identity – Authentication – Transactions – RecordKeeping - Currency
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
8. So far for the Theory – here some Numbers:
What does it actually look like?
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
This is the public
Blockchain as of
15 MAR 2016:
~1.2 ExaHash/s
~7,500 Nodes
~300,000 or more
Blockchain Machines
~$750 million HW Cost
drawing an estimated
500 MegaWatts Power
plus Cooling Energy
plus Data Center, Ops
Approximately (!)
2/3rd runs on
1stGen hardware
like this:
The rest runs on
older hardware.
BitMain S7
(China, 28nm)
If all of Google's 200,000 Servers were to run the Blockchain protocol
only (and inefficiently), they would make less than 2% of the network.
9. This is INFANCY.
in Capacity, in Efficiency, in Hardware Cost, in Operating Cost:
over 300,000 'Toy-Box' Blockchain Machines
costing in excess of $760,000,000 to buy (short life-cycle depreciation)
costing $6,000,000 / month in Data Center housing real-estate
constantly drawing 500 MegaWatts of Electrical Power
(1 Facebook / Google Datacenter draws ~30 MW)
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
by the way: the monthly Block Rewards of 109,500 Bitcoin earned is worth
~$43,800,000/month (halving in 125 days); plus a small amount in transaction fees.
10. Now lets talk about:
Intelligent Agents
Machine-to-Machine Communications
You are already using on-demand semi-intelligent agents today,
when you click on your public transportation guide for a route.
Soon there will be independently operating machines,
which interact with each other, making unsupervised decisions,
i.e. Intelligent Agents in these fields (and likely more):
Internet of Things (IoT)
Autonomous Driving (AD)
Industry 4.0 (I4) – Supply Chain Management (SCM)
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
11. In only 4 years (by 2020) we will have over 26 Billion IoT Devices,
which are constantly communicating amongst themselves:
resulting in Trillions of small Transactions (a $2 trillion market).
For Intelligent Agents in IoT, AD, I4, SCM
it is MANDATORY they operate with
safe IDENTITY and AUTHENTICATION
for each TRANSACTION (COM or Payment).
The Blockchain is the only known platform to guarantee this safety,
and is also open-source, and vendor-neutral (no equivalent).
If adopted (a logical choice) for just one of these Agents,
it means a transaction-per-second increase on the Blockchain
from currently 2 TPS to many million TPS.
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
12. Clearly, the Blockchain costs a lot to run now.
Blockchain Machines
must become less expensive
(hardware cost per PetaHash + universal access for everyone, not selected few)
must use (a lot) less energy
(because they will still require many GigaWatts of green power in the future)
must be scalable beyond 'Toy Boxes'
(growth by factor 1,000 from 5 TeraHashes to multi-PetaHashes per Device)
But they are the (only) Enablers
for all Intelligent Agents to operate safely.
Thus Blockchain Machines are a “must have”.
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.
13. THE END: THE MACHINES ARE COMING.
THIS BLOCKCHAIN MACHINE TECHNOLOGY ADVANCE
IS ALREADY BEING DONE RIGHT NOW.
Contrary to the Internet,
the Blockchain is monetized
on all levels by design.
If we use Bitcoin only as the billing mechanism
for Blockchain services (aside from all cryptocurrency use),
and bill a protocol transaction at 0.0001 BTC = €,
6 billion chatty Intelligent IoT Agents alone will more than pay
with trillions of transactions for the required
single-purpose SHA256 hashing infrastructure.
BlockChain-Industries.com (@BCIberlin) - Easy Access to Unlimited Hashing Power for the New Machine Economy.