Cisco, Bosch, and several other companies have set up a consortium to work on how blockchain technology can be used to secure and improve Internet of Things (IoT) applications, as sectors beyond finance services 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 ConsenSys, BitSE and Chronicled announced that they will collaborate to develop a shared blockchain protocol for the IoT – the concept that everyday objects, from washing machines to shipping containers, will be connected to the Internet and be able to send and receive data.
Up Next in Blockchain
Blockchain technology holds great potential for overcoming trust and other issues in the sharing of clinical and financial data in health care, and new evidence is emerging that practicable uses for blockchain are closer than many health IT and security professionals currently believe.
Blockchain for Health Care – Closer Than We Think?
Healthcare IT News
A research project by NASA is investigating the use of Ethereum-based smart contracts to help spacecraft ‘think on their own’ and avoid collisions by detecting and avoiding floating space debris. In addition to automating spacecraft maneuvers, NASA hopes to develop a decentralized, secure, and cognitive networking and computing infrastructure for deep space exploration, leveraging blockchain technology’s consensus protocols to improve infrastructure resilience.
NASA Testing Ethereum Blockchain to Automate Spacecraft
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