Blockchain Is The New IoT Standard

The Internet of Things (IoT)  receives huge interest from academics, researchers, and entrepreneurs,  thanks to its capacity to offer innovative services across various electronic applications and now Blockchain is claimed to be the new solution for Internet of Things (IoT) inter-operability.

Furthermore, eliminating technical barriers and enabling heterogeneous entities to communicate with global standards make possible global trade, economic growth, and local communities worldwide to prosper.

As the IoT underlies all the sensors and smart devices that use the Internet to communicate data, Blockchain identity standardisation is critical to ensure inter-operability and communications between Internet of Things (IoT) devices, people, and businesses. 

As it will be hard for devices to communicate with each other if there’s no standard way to exchange information around identity, the Institute of Electrical and Electronics Engineers (IEEE) has formed a new task force to develop global standards for blockchain-based decentralised identities (DIDs) for IoT devices.

The IEEE sees this standard being applied to communicate climate, geography, traffic and other data, however, one of the examples it gave is for cars to communicate with humans, toll booths, parking meters, and e-charging pods. Researchers and scientists from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX, and China Academy of Information and Communications Technology are developing the global standards for blockchain decentralised identities, in an attempt to formulate a universal specification.

The world is already seeing smart cities and highways built globally. In the not-so-distant future, machines will be the primary workforce. The IEEE Identity of Things Standard will make sure vehicles can seamlessly communicate with humans, with toll booths, parking meters, gasoline stations, and e-charging pods. 
And to enable people to order self-driving taxis, punctually pick them up, and drop them off where indicated, making payment digitally. These are just a few use cases, but the possibilities are endless.

The Identity of Things standard will help provide a decentralised identity and access management (IAM) framework for IoT device management and help with the creation of IoT security services, such as device authentication, data authorisation, and access management.

It’s also believed that with global DIDs, people will be able to contribute valuable real-time weather, geography, traffic, and other data to society. Many users will discover the five IoT-Blockchain implementation patterns that enterprises can enable for seamless communication between IoT devices, IoT Smart Gateways, and IoT platforms. These patterns help achieve trust, interoperability, and extendibility. 

Science Direct:     I-HLS:      Springer / Venkatesg Upadistra:   Light Reading:    Ledger Insights:   Stacey on IoT:

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