[2014-10-25] IBM to Unveil BTC Blockchain Internet of Things Proof-of-Concept

[LiteCoinGuy]

IBM to Unveil Bitcoin Blockchain Internet of Things Proof-of-Concept at CES in 2015

It was just last month that IBM’s plans for an “Internet of things” architecture that would feature Bitcoin blockchain technology were revealed. IBM’s planned project, called Adept, utilizes three distinct technologies including the blockchain, TeleHash, and BitTorrent. IBM’s head of mobile and internet Paul Brody is the “VP of the Internet of Things” and is in charge of the project.

https://www.cryptocoinsnews.com/ibm-unveil-bitcoin-blockchain-internet-of-things-proof-concept-ces-2015/

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[Skeksis]

I still don't know what exactly this is or what Internet of Things means  . Have they built their own blockchain or computer network, or are they going to use the existing bitcoin blockchain somehow?

[adhitthana]

I'm surprised this hasn't garnered more interest. Here we have IBM getting involved with blockchain technology...and...?

[Raystonn]

What this means is we've been grossly underestimating the number of potential users of Bitcoin.  We've restricted it so far only to humans, based on old models of non-digital currency.  That is a huge miscalculation.  Now "things" will own Bitcoins as well, and use them to interact with each other.  The number of "things" in the world is massively larger than the number of people.  In terms of Bitcoin price, this is huge.