Smart Cities

Blockchain Series: Trusted Digital Identities Hold the Answer to IoT Development

Every now and then a technology emerges that has the capacity to change everything. The Internet, electricity, steam power, even the wheel and fire once upon a time. 10 years ago another of these game-changing technologies emerged but it has taken almost decade for us to truly grasp its full potential. It’s invention in 2008 is shrouded in mystery, developed by a (maybe) unconfirmed person who has come to be known as Satoshi Nakamoto. We’re talking about blockchain technology, which has, until recently, been primarily known for its cryptocurrency applications but is now showing its power to benefit almost every part of modern society. Blockchain is essentially a distributed ledger, where a continuously growing list of records, called blocks, are linked and secured across a broad network. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority – making […]

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