[Chapter-delegates] Blockchain article and Internet of Things

[Glenn McKnight]

*Reuters) –* Cisco, Bosch, and several other companies have set up a
consortium to work on how blockchain can be used to secure and improve
“internet of things” applications, as sectors beyond finance seek to
benefit from bitcoin’s underlying technology.

The group, which also includes Bank of New York Mellon, Foxconn, security
company Gemalto and blockchain startups Consensus Systems (ConsenSys),
BitSE and Chronicled said on Friday that they will collaborate to develop a
shared blockchain protocol for the internet of things – the concept that
everyday objects, from washing machines to shipping containers, will be
connected to the internet and will be able to send and receive data.

While having more devices connected to the internet presents some
advantages for consumers and businesses, it also increases the scope of
devices which could be hacked.
More

http://venturebeat.com/2017/01/28/cisco-bosch-and-foxconn-are-building-blockchain-tech-for-the-internet-of-things/


Glenn McKnight
mcknight.glenn at gmail.com
skype  gmcknight
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