IBM Reveals Proof of Concept for Blockchain-Powered Internet of Things

By January 17, 2015Bitcoin Business

Internet of Things IBM has unveiled its proof of concept for ADEPT, a system developed in partnership with Samsung that uses elements of bitcoin’s underlying design to build a distributed network of devices – a decentralized Internet of Things.

The ADEPT concept, or Autonomous Decentralized Peer-to-Peer Telemetry, taps blockchains to provide the backbone of the system, utilizing a mix of proof-of-work and proof-of-stake to secure transactions.

IBM and Samsung chose three protocols – BitTorrent (file sharing), […]

Leave a Reply

All Today's Crypto News In One Place