Cisco, Bosch Reveal New Details on IoT-Blockchain Projects

A blockchain-IoT consortium is moving forward on standardizing the technology its participants use with the launch of a new API.

AccessTimeIconApr 19, 2017 at 12:59 p.m. UTC
Updated Aug 18, 2021 at 6:02 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Following a formal unveiling in January, members of a consortium focused on the intersection of blockchain and the Internet of Things (IoT) are revealing new details about their work.

Announced today, the unnamed group, which includes Bosch, BNY Mellon, Chronicled, Filament and other startup and enterprise firms, has created an API that supports technologies offered by ethereum, JP Morgan's Quorum and the Linux-led Hyperledger project.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • "The protocol allows users to register multiple kinds of weaker identities, including serial numbers, QR codes, and UPC code identities and bind them to stronger cryptographic identities, which are immutably linked across both physical and digital worlds using blockchain technology," the release reads.

    The software development kits (SDKs) are currently in beta, and are available via the Chronicled and Hyperledger libraries on GitHub.

    As explained by Skuchain founder Zaki Manian, the tools now enable the same key pair to represent a cryptographic identity compatible with both blockchains.

    Further, Cisco and Bosch offered new information about how they are using blockchain technologies in proof-of-concept projects.

    Cisco, a release from the group said, is exploring how it could register device identities using the API, while Bosch is said to have completed a trial centered on linking odometer readings to a blockchain system.

    Consortium members are currently working to develop a formal non-profit to support the work, with updates expected later this year.

    Car odometer image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.