Advancing Innovation in Blockchain & IoT.
Chain of Things is exploring integrated blockchain+IoT solutions to solve IoT's issues with identity, security, and interoperability. We are leveraging the nexus between blockchain and IoT to deploy environmental, humanitarian, security, fraud, & efficiency related applications.
IoT suffers from potential systemic failures as it scales with disastrous consequences. Without an openly stress tested baseline protocol standard for trusted IoT interaction, fundamental security risks will become exponentially worse as 50-200 billion cheap connected devices come online by 2020. Conventional wisdom also suggests a standards war will fragment the industry into a series of proprietary protocol sandboxes, slowing development and pricing out many startups entering the sector. The process begins with a universal standard of device identity, which will unlock security and interoperability.
Chain of Things (CoT) is developing Maru - a full stack integrated blockchain+IoT Hardware as a Service (HaaS) platform to address IoT's primary issues with IDENTITY, SECURITY, and INTEROPERABILITY. Maru can be utilized for a variety of brand new applications.
It’s basically a distributed & immutable ‘Google Spreadsheet’ of devices and events. The blockchain is an evolution of the network server model in that it is a distributed database structure with a secure write-forward authentication system for adding data and without a single point of failure evident in traditional database structures. With the blockchain, any computer, server or device that participates in the network gains a copy of the ledger. These blockchain devices form the points of the network and can be described as ‘nodes’. Through nodes, users can update or input information into the ledger without going to a third party, giving much more power and flexibility to individual participants in the network.
Chain of Things has a comprehensive approach for targeting higher level industry goals that will focus and enable the business model. This process will see developmental support and advocacy for globally accepted blockchain based Internet of Things (IoT) standards of IDENTITY, SECURITY, and INTEROPERABILITY. Chain of Things does not necessarily need to establish the standards on its own, but seeks to encourage development of such standards through collaboration from developers and industrials from the global community.
The Chain of Things ‘Maru’ sensor platform, a Hardware-as-a-Service (HaaS), is currently being developed to embrace these standards. Based on these new standards that allow greater trust of devices and data, brand new applications will then be developed to leverage them. These applications will be developed for corporate solutions, joint ventures, and internally developed concepts.
Chain of Things is currently engaged in an initial Joint Venture partnership.
Over the past 12 months, Chain of Things and partners have conducted case study research into various industrial IoT verticals as to better understand the practical utility of blockchain in context of IoT. These studies have facilitated conversation across industry layers and established a clearer focusing on device identity as the baseline key to unlock IoT security and interoperability.
If you are interested in working with Chain of Things any of the Case Studies above or if you are interested in initiating a new Case Study please fill in the form below.
Note that by default ALL of our Case Studies are open and shared with all partners within the group with the results of the Case Study made available to the public.