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Author Topic: IBM and Samsung will use Blockchain technology for the "Internet of Things"  (Read 1371 times)
RappingSniper
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September 17, 2014, 11:25:36 AM
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IBM and Samsung set to release a Block chain based data sharing backbone for the Internet of Things in time for CES in January 2015

Source: http://two-bit-idiot.tumblr.com/post/97258629244/adept-ibm-samsung-bitcoin
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September 17, 2014, 01:22:47 PM
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It sounds like Adept, their blockchain, will put checkpoints out there (to say, bitcoin's blockchain) and hope that that secures it enough.

At least to wherever they put a note out there as a checkpoint. That's an amusing thing to do, IBM could have an address out there on the blockchain and occasionally, say daily, sign a transaction that acts like a checkpoint for their own chain. The costs of that could be really low, say 0.0001 to 0.0005 bitcoin. Fund the original address with a bitcoin and you're rolling.

Then if Adept comes under heavy and obvious denial of service attack, then they could go back to a checkpoint. If Adept comes under slow and stealthy attack, there would be nowhere to checkpoint back to that would be reasonable and they'd have to start over.

Just use bitcoin and colored coins from the beginning and save yourselves the trouble guys Wink
Depends on if there's more features here in Adept than it seems.
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September 17, 2014, 02:19:38 PM
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they are going to fork ethereum
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September 21, 2014, 07:51:32 PM
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It sounds like Adept, their blockchain, will put checkpoints out there (to say, bitcoin's blockchain) and hope that that secures it enough.

At least to wherever they put a note out there as a checkpoint. That's an amusing thing to do, IBM could have an address out there on the blockchain and occasionally, say daily, sign a transaction that acts like a checkpoint for their own chain. The costs of that could be really low, say 0.0001 to 0.0005 bitcoin. Fund the original address with a bitcoin and you're rolling.

Then if Adept comes under heavy and obvious denial of service attack, then they could go back to a checkpoint. If Adept comes under slow and stealthy attack, there would be nowhere to checkpoint back to that would be reasonable and they'd have to start over.

Just use bitcoin and colored coins from the beginning and save yourselves the trouble guys Wink
Depends on if there's more features here in Adept than it seems.

You're correct. Checkpoints won't save them. What all of the "blockchain is the real technology" evangelists fail to recognize is the POW function requires a value to secure itself. You can't separate the currency from the blockchain and expect a secure network. I guess we'll need to wait for more info.
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September 21, 2014, 08:48:48 PM
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they are going to fork ethereum

that should be an epic battle.

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September 28, 2014, 12:19:34 PM
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Im still having a hard time understanding what this is even to be used for. Is it a time stamp? Record keeping? Digital contracts? IBM-Samsung Crypto-Cash? There's almost no information on the subject of content.

FantomCoin - first merged mining CryptoNote based coin.
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