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

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

Technology News |
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.
By eeNews Europe

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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.


“We have been collaborating with the team at Qtum for almost a year through the Trusted IoT Alliance,” said Chronicled CTO Maurizio Greco. “We see a future where trusted device provisioning, authentication, data logs, and payments are just around the corner.”

A team of researchers at UC Berkeley is currently focused on using applied cryptography to develop solutions for identity, ownership, and provenance validation as well as other use cases at the intersection of blockchain and IoT. Through collaboration with Chronicled and Qtum, they hope to devise real-world use cases and gain insight from two teams that have been developing and applying the technology for enterprise customers.

For further information:  https://github.com/Trusted-IoT-Alliance/Quantum-Foundation-Proposals

www.chronicled.com
www.qtum.org

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