The algorithms for Bitcoin were revealed to the world in 2008. However, Blockchain technology is not just for cryptocurrencies like Bitcoin. It provides an alternative to centralized databases for Internet-connected device data and control. It also affords opportunities to help with data provenance, quality, and security.
While Blockchain technology is still considered to be in its infancy, it has the potential to become as useful, ubiquitous, and invisible as TCP/IP. Although financial applications have dominated discussions of Blockchain technology, dozens of organizations are experimenting with solutions for a variety of non-financial use cases where there are disadvantages to relying on centralized databases. Many of these relate to networks of sensors and control devices.
This presentation explains how Blockchain technology works and how it is being adopted for a variety of IoT use cases. For example, distributed ledgers containing time-stamped, immutable records of device configurations and data generated by IoT devices. Also, enabling devices to interact and transact at the “edge” of the network, instead of in the “cloud.”
Background reading at http://events.42tek.com/about-blockchain/
David Snyder helps organizations develop and implement new technologies. His experience includes program management and product management at companies like Apple, Google, Kaiser, First Data, PayPal, Yahoo!, and various startups for healthcare systems, electronic payments, mobile applications, and data security. 42TEK, Inc. (www.42tek.com) is Mr. Snyder’s consulting company.
David is a Certified Information Systems Security Professional (CISSP). Certified Scrum Master (CSM), and a California-registered Civil Engineer (PE). He is currently researching ways to use Blockchain technology to ensure data quality and security for Internet of Things (IoT) devices, including remote patient monitoring and environmental sensors.
David has been the organizer, moderator, or speaker for more than 20 conferences and seminars on healthcare, data security, and payments topics, including the Mobile Health Track for the GMIC-SV mobile conference at Moscone Center in San Francisco in October 2013 and the Blockchain Symposium in Redwood City, CA in June 2016.