Kadena Blockchain uses ScalableBFT Consensus Protocol, Offering 8-12,000 TPS

Kadena’s Blockchain uses ScalableBFT to offer high-performance (8,000-12,000 transactions per second) with full replication and distribution at previously impossible scales (the capacity for more than 500 participating nodes). This, along with the multi layered security model and incremental hashing allow for a truly robust blockchain. Based on Raft and Juno, Kadena embeds a full smart contract language (Pact) into its blockchain that can be run as either public (plain text) or private (Double-Ratchet encrypted) transactions. It is a huge step forward in the blockchain space, possibly representing a new-generation of blockchain technology entirely by it’s introduction of the idea of “Pervasive Determinism.”

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Blockchain Serves as Tool for Human, Product and IoT Device Identity Validation

The blockchain is essentially a database shared across thousands of computers that is cryptographically secured. It is a natural evolutionary step from traditional centralized server networks to distributed computing. Every computer or device in a blockchain network receives an updated copy of the ledger, and any changes to the ledger are reflected in every copy in minutes or even seconds. Security is maintained cryptographically through keys, signatures and a consensus of validators.

 

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Chain of Shipping Conference: A Review

A few weeks ago in Wanchai, Hong Kong, Chain of Things held its first Chain of Shipping conference. Designed to give professionals from the shipping industry and blockchain developers a view into the needs and possibilities that they respectively held, the day was a busy event with plethora of information provided from both sides – blockchain developers and members of the shipping industry.

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Using Blockchain to Remove Barriers to Solar Energy Adoption

In this investigation we look at the role of blockchain (and partly) IoT in removing barriers to adoption of solar energy. One barrier is that Green Investments lack transparency - blockchain offers a technology that enhances transparency. The second barrier is optionality available for producers of solar energy - blockchain addresses this by creating new incentives and by increasing the options available in terms of the disposal of excess energy produced.

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Smart BoL - Reducing Contractual Enforcement Costs

The shipping industry has to address excess administration. Bills of Lading are paper based and fraught with forgery/fraud. Going digital is not feasible as the digital world is duplicable and the industry has to be able to accept the culture change. Bitcoin however creates the first unique digital file that is non duplicable. Blockchain combined with bills of lading could therefore provide the security needed for the industry to go digital. 

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How to Terminate an Unsecure IoT Device.

How to terminate an unsecure IoT device.
In our last post we talked about smart contract security. Our theory is that a community investment in smart contract security might lead to an IoT industry that can deploy devices with cheap but highly secure software. In our Chain of Security group we have looked into this area in more detail. Our partner Sensify said that the challenge with the recent DDoS attacks using IoT (Mirai attacks) is that they exploit the vulnerabilities in the firmware of the devices without changing the firmware. 

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Chain of Things Announces 24 Nov Blockchain + IoT Shipping Event in Hong Kong

Chain of Things Limited, a Hong Kong-based blockchain+IoT startup, is holding a case study event on 24th of November 2016 in the midst of the Hong Kong Maritime Industry Week. The goal of the case study is to examine the suitability of utilizing blockchain technology – the distributed network technology behind Bitcoin – to replace traditional paper-based trade documentation and secure electronic documentation against cybersecurity threats.

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The Bitcoin Podcast: Episode #89: The IoT Frontier

This week we invite Blockchain specialist and strategy analyst from Chain of Things, Mr. Conor Colwell, to the show to discuss cryptography, security and IoT industries globally. Chain of Things is set up to explore all security applications within blockchain IoT and look at the development of open-standards for the industry to use. So sit back, press play, and dive in. (Repost from The Bitcoin Podcast)

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