Internet of Things - Technology focus

But what about the companies successfully using blockchain with IoT?  ​ZEDEDA leverages unikernel technology to build a cloud-native edge computing platform. It’s designed to enable the hyper-scale required for real-time​ IoT​ edge applications, from self-driving cars to industrial robots. This cloud-native solution creates the framework required for blockchain integration within IoT.  Joel Vincent, the company’s CMO, explains, “As the world becomes more cyber-physical and connected, we’re creating cloud-native edge computing that will take the principles of cloud computing, allow developers to move applications to edge systems and out of the data center, ultimately shrinking the concept of real time… to microseconds to interpret data and make a car swerve. We’re doing this with a combination of distributed computing, peer-to-peer crypto-routing, embedded virtualization, and soon blockchain and smart contracts.”

Vincent believes that blockchain tech is pivotal to IoT’s success, postulating that the real value lies in “data provenance as well as value exchange.”  A data provenance service would allow an app developer to add devices to the network and have every piece of data tracked. The data could only be accessed by others with the express permission of the originator. “This service can be provided to that app by a platform via smart contracts and blockchain,” Vincent says.   Value exchange would remove the problem of ROI from having expensive technology in latent devices. When devices need to temporarily connect, “such as in a public safety app in a Smart City,” security cameras could collaborate through the blockchain, as needed, until the task was completed. Every security camera owner would be compensated and their camera then re-released.