Chips in Blockchain

in cryptocurrency •  4 months ago

What role does the IoT Chain chip play in blockchain today and in the future?  In the traditional Internet of Things, the role of the chip is mainly data acquisition, storage, and Edge computing.

In blockchain IoT, the chip adds two features. First, in order to effectively manage each of the IoT devices, the chip will implement the distributed identity generation function, providing each device with a unique ID on the network. Second, to increase the cost of malicious attacks, reduce the risk of data tampering, and maintain the data sovereignty of the device, the chip will use a trusted execution environment (TEE) or secure operating OS. After obtaining the authentication of the OS, the user or the device can operate on sensitive information and access data through a specific encrypted channel.

Currently, most IoT chips meet the requirements to facilitate blockchain integration. Therefore, ITC's development team has given priority to providing a seamless software upgrade solution, which not only ensures low-cost, efficient upgrades but also reduces development cycle time. It is expected that at the end of this year, the multi-scenario IoT use case experience will be launched in conjunction with the main network. ITC's array of products will use technical advantages in blockchain and chip development to enable projects to finally break through traditional IoT transformation barriers, providing the security needed for this growing industry.

IoT Chain looks forward to providing comprehensive technology solutions and exploring more technical cooperation with encrypted IoT chip manufacturers in the near future.


Telegram: https://t.me/IoTChain
Reddit:https://www.reddit.com/r/iotchain/
Twitter: https://twitter.com/IoT_Chain
Facebook: https://www.facebook.com/IoTChain/

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wow! really interesting

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Yea, the project is just packed with a lot that keeps the community talking and the expansion of ITC is just beginning

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Yeah man, this is on my top 5 crypto's to keep an eye on, exciting times ahead I think.

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Yep, there are many ICOs this year but very few managed to deliver what they promised in roadmap. ITC is definitly in top 5 for me as well

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Me too have ITC tokens, and these kind of development is giving me huge confidance

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'chip and chain' more like chip 'n' dale (lol chips and blockchain)

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The chip at present backings Hyperledger Sawtooth blockchain, and this will in a matter of seconds be extended to include the Ethereum blockchain record. Fiber is right now supporting the open source business blockchain system, Hyperledger Sawtooth. The task is a secluded stage intended for building, sending and running versatile circulated records, especially in conditions requiring point by point following of items in the physical world.

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look like good

Providing software and evaluating what will work and what won't and then using that as a base line is an important step hopefully we see some custom silicone eventually as well.

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with the chip they will assure users of total ownership and control over their IoT device

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Yes, and ITC have also claiming that user data will be safe and can't be cracked

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Yeah, providing safety for the users data.

If the partners adopt this I think it can go somewhere. are we looking at upcoming ARM?

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I believe they will, now that they have there own hardware, i see no reason why the partners won't adopt this, its rare seeing such coming out from the blockchain industry

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Yeah hardware and software implemented into the project and developed by the team is next level!