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Title: IBM Whitepaper: Device democracy Post by: notbatman on March 24, 2015, 11:33:58 AM Quote The greatest challenge, however, is not in simply building a http://public.dhe.ibm.com/common/ssi/ecm/gb/en/gbe03620usen/GBE03620USEN.PDFdecentralized IoT, but one that can scale universally while maintaining private, secure and trustless transactions. In other words, the IoT represents a case of billions of players, not all of which can be trusted – some even malicious – with a need for some form of validation and consensus. And for this, the “blockchain” offers a very elegant solution. Title: Re: IBM Whitepaper: Device democracy Post by: pawel7777 on March 24, 2015, 12:57:42 PM Sounds like interesting read, I'll study this more when I have a bit more free time. I was curious whether they've mentioned Bitcoin at all, or try to look like they came with an idea of blockchain by themselves. But yup, they did: Quote A technology breakthrough that has fundamentally changed our notions of centralized authority, the blockchain is a universal digital ledger that functions at the heart of decentralized financial systems such as Bitcoin, and increasingly, many other decentralized systems. and Quote While the blockchain may carry regulatory and economic risk as a long-term store of value (as in the case of Bitcoin), it can be quite revolutionary as a transaction processing tool. Title: Re: IBM Whitepaper: Device democracy Post by: Come-from-Beyond on March 24, 2015, 01:30:18 PM Quote And for this, the “blockchain” offers a very elegant solution. The scalability issue is not solved yet. "Elegant" doesn't seem to suit there. Title: Re: IBM Whitepaper: Device democracy Post by: Hazir on March 24, 2015, 01:38:09 PM The best part of Device Democracy is definitely these paragraphs:
Winners will: • Enable decentralized peer-to-peer systems that allow for very low cost, privacy and long term sustainability in exchange for less direct control of data • Prepare for highly efficient, real-time digital marketplaces built on physical assets and services with new measures of credit and risk • Design for meaningful user experiences, rather than try to build large ecosystems or complex network solutions. Losers will: • Continue to invest in and support high-cost infrastructure, and be unmindful of security and privacy that can lead to decades of balance sheet overhead • Fight for control of ecosystems and data, even when they have no measure of what its value will be • Attempt to build ecosystems but lose sight of the value created, probably slowing adoption and limiting the usage of their solutions Actually they did a great job on that Whitepaper. I like it! Title: Re: IBM Whitepaper: Device democracy Post by: Snail2 on March 24, 2015, 02:39:56 PM Quote And for this, the “blockchain” offers a very elegant solution. The scalability issue is not solved yet. "Elegant" doesn't seem to suit there. Indeed, but according to figure 4 they are thinking about a distributed cloud based solution. So I guess that will be some sort of semi-decentralized network with trusted nodes and lightweight clients. Title: Re: IBM Whitepaper: Device democracy Post by: Come-from-Beyond on March 24, 2015, 03:16:42 PM Indeed, but according to figure 4 they are thinking about a distributed cloud based solution. So I guess that will be some sort of semi-decentralized network with trusted nodes and lightweight clients. You are a master of diplomacy! Other people would call it "kludge". |