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Blockchain by FinTech Collective

Dynamic programmable secure public ledger

| less than a minute read

Check out IBM’s proposal for an internet of things architecture using Bitcoin’s block chain tech

Paul Brody from IBM thinks that the data spinning off of the Internet of things in a few years may not be worth sending and storing in the cloud. However, a mix of technologies could create smart local mesh networks that create big value.

Combine Bitcoin’s block chain technology, BitTorrent and a secure messaging protocol called telehash and you get a distributed infrastructure that some IBM researchers think would be ideal for the internet of things.

Tags

bitcoin, block chain, internet of things