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maryam@impact
maryam@impact
2/17/2017 4:52:03 PM
User Rank
IoT Visionary
Re: Transactions and modeling
Thanks Jeremy it sounds like it is worth the investment!

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mhhf1ve
mhhf1ve
2/17/2017 3:33:18 PM
User Rank
IoT Visionary
Re: Transactions and modeling
> "Blockchain technology isn't just about financial technology. It also will allow data transparency.."

That's a double-edged sword, though.. The blockchain can be somewhat anonymous, but if any transaction "leaks" private or identifying information -- then there's a chain of transactions that might also be compromised. 

I've seen some alt-coin protocols that try to maintain strict anonymity for all transactions, so it's possible to have some transparency and still keep privacy -- but it seems like the most popular blockchains haven't adopted complete anonymity (yet?).

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mhhf1ve
mhhf1ve
2/17/2017 3:29:15 PM
User Rank
IoT Visionary
Re: IBM blockchain project
> "I believe IBM is still working on blockchain projects via Watson.."

Indeed, you're right. I was thinking of IBM's proof of concept project for ADEPT (with Samsung) that used Ethereum, BitTorrent and an existing P2P network.

http://www.coindesk.com/ibm-reveals-proof-concept-blockchain-powered-internet-things/

I suppose IBM wants to own every piece of a blockchain-enabled IoT platform -- using its own "private blockchain" and infrastructure. But I wonder if that somewhat negates a few of the advantages of using a public blockchain? 

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dcawrey
dcawrey
2/16/2017 6:55:05 PM
User Rank
IoT Visionary
Re: Transactions and modeling
Blockchain technology isn't just about financial technology. It also will allow data transparency, making sure that data is not tampered with. That's the coolest element of what these public ledgers can do. 

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Ariella
Ariella
2/16/2017 11:55:07 AM
User Rank
IoT Visionary
Re: Transactions and modeling
@Jeremy It's an interesting about the payment space. While blockchain can help secure digital payments, it also slows things down. That was one of the reasons why Ripple developed a system of digital payment that was meant to enable much faster transactions than the bitcoing system allowed. 

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Jeremy
Jeremy
2/16/2017 5:30:29 AM
User Rank
Blogger
Re: IBM blockchain project
@mmhf1ve I believe IBM is still working on blockchain projects via Watson

Also analyst Jessica Groopman did a good piece for us on the potential applications of blockchain recently, from an IoT security standpoint: 

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Jeremy
Jeremy
2/16/2017 5:28:16 AM
User Rank
Blogger
Re: Transactions and modeling
@Maryam Blockchain has plenty of potential applications across the payments space, it just depends whether another organizations are willing to commit and tackle the inherent logistics.

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mhhf1ve
mhhf1ve
2/15/2017 4:38:41 PM
User Rank
IoT Visionary
IBM blockchain project
I saw the IBM blockchain project to secure IoT devices.. and then.. IBM dropped it without really explaining why. I assumed it had to do with the impractical amount of resources it might take to maintain such a blockchain? (And that maybe someday the costs would come down -- or a different cyptocurrency or concensus algorithm would come along that wouldn't eat up so much processor time and energy.)

So is anyone working on a different concensus algorithm that might fit better with IoT device networks? 

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maryam@impact
maryam@impact
2/15/2017 1:10:37 PM
User Rank
IoT Visionary
Transactions and modeling
Jeremy thanks for the insightful overview. I am assuming that blcok chain woould need to be used with modeling processes to determine broader scale unusual transactions?

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