Convergence between blockchain and IoT take us to a new stage, beyond smart things to create totally trustworthy source of valuable information for data-driven organizations.
From Daily Decisions to Bottom Line: Connecting Product Work to Revenue by VP...
Blockchain in iot: from connecting things to make them trustworthy
1. Blockchain + IoT: From connecting
things to make them trustworthy
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José Luis Núñez
MWC 2021
We are better, connected
2. 2
Blockchain and IOT: The obvious convergence
Blockchain
Decentralization
Transactions
Data immutability
Traceability
MWC 2021
IoT
Decentralization
Telemetry
Data collection
Data-driven decisions
3. 3
Blockchain and IOT: The obvious convergence
MWC 2021
IoT + Blockchain
Decentralization
Telemetry becomes transactions
Data are collected and turned into immutable
Decisions are transparently traced
We build extra confidence for data-driven organizations
4. Raw data
Signed data
Simple but
programmable
Programmable
Can aggregate
several devices and
network context
SW based
Network
transparent
approach
SW based
Available to lots of
devices
Programming rules
Business insights
available
No programmable
Hard to customize
and update
Not end-to-end
encryption
Not signed
by source
Not signed by
source
Many risk points
Not signed by
source
Many risk points
THE BRAIN
THE NETWORK
THE THINGS
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How to add Blockchain to the IoT Ecosystems
There are two main strategies to add Blockchain to IOT: embed Blockchain nodes in the IoT components
or enable them to send the data to the nodes in a secure and reliable way
MWC 2021
Sensors Devices Gateway
Edge
solution
Cloud
Platform
AI solution
+
-
Computing power and flexibility
Risk of data tampering
5. 5
What do we need to usually see
blockchain of things?
Make accessible for everyone to connect with
Blockchain capabilities
Make as easy to deploy a new IoT device that collects
data and record it on any blockchain must be as easy
as it is today to connect it to your favorite IoT Cloud
Platform
MWC 2021
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