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Thursday, January 04, 2018

Testing out a secure blockchain for the Internet of Things

By Nick Flaherty www.flaherty.co.uk

Technology developer Chronicled is working with the Qtum Foundation to combine the Internet of Things (IoT) with Blockchain technology and post-quantum cryptography, developing real-world use cases integrating smart devices with a secure distributed ledger back end. 

They are working with researchers at the University of California, Berkeley, and software developers and researchers can apply for grants through the Trusted IoT website to apply for grants at https://github.com/Trusted-IoT-Alliance/Quantum-Foundation-Proposals 

Qtum and Chronicled will work together to define and support a roadmap of fundamental research at UC Berkeley, developing post-quantum applied cryptography, zkSNARK-based privacy-preserving smart contracts, and zero knowledge proofs for large computations.

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Qtum is developing a leading blockchain data network in Asia, using a hybrid model that combines the UTXO transaction model with a virtual machine layer for smart contracts. Meanwhile, Chronicled will pursue development of smart contracts to integrate IoT device registrations on the Qtum blockchain. Both Chronicled and Qtum are members of the Trusted IoT Alliance, which is stimulating the use of the blockchain to secure high-value physical assets. Members of the Alliance, which is based in San Francisco, include Bosch, BNY Mellon, Cisco, and UBS.

"We have been collaborating with the team at Qtum for almost a year through the Trusted IoT Alliance, and we are excited to bring the latest IoT integration capabilities to Qtum," said Chronicled CTO Maurizio Greco. "We see a future where trusted device provisioning, authentication, data logs, and payments are just around the corner."

A team of researchers at UC Berkeley is currently focused on using applied cryptography to develop solutions for identity, ownership, and provenance validation as well as other use cases at the intersection of blockchain and IoT. Through collaboration with Chronicled and Qtum, they hope to devise real-world use cases and gain insight from two teams that have been developing and applying the technology for enterprise customers.

"It is great to work with strong commercialization partners who both value the need for fundamental research and who see a path to commercialization of the applied cryptographic methods that we have under development in the lab," said Alessandro Chiesa, Assistant Professor at UC Berkeley.

For his part, Trusted IoT Alliance Executive Director Zaki Manian said, "We are excited to be in a position to administer development grants to integrate Trusted IoT devices with the Qtum Blockchain technology. We see a win-win for our members in the Alliance and the Qtum ecosystem."

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