5 Ways Cisco's Trusted IoT Alliance Will Use Blockchain To Make IoT More Secure
Cisco Tuesday unveiled the Trusted IoT Alliance, a consortium of companies including Bosch and Gemalto and others, that will look at how to develop a blockchain-enabled, trusted Internet of Things system. Blockchain technology is a decentralized ledger of all transactions across a peer-to-peer network – meaning that participants can confirm transactions without the need for a central certifying authority.
"We've been looking at blockchain for a while now as a potential disrupter to a number of the spaces we serve, and we want to help partners understand the potential for the technology as it continues to grow in the coming years." - Anoop Nannra, Trusted IoT Alliance board member and head of the blockchain initiative at Cisco
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