Chronicled and Qtum Foundation will use blockchain to develop secure IoT use cases

January 04, 2018 // By Jean-Pierre Joosting
Chronicled and The Qtum Foundation will collaborate to combine the Internet of Things (IoT) with Blockchain technology – developing real-world use cases integrating smart devices with a secure distributed ledger back end.

Chronicled and the The Qtum Foundation will partner with researchers at the University of California, Berkeley and 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.

"The partnership with Chronicled and UC Berkeley represents the frontier of innovation in IoT, smart contracts, and privacy for enterprise applications," said Qtum Foundation founder Patrick Dai.

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, a consortium of companies ranging from startups to Fortune 100 enterprises. The Alliance is focused on leveraging the power 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.


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