Trusted IoT Alliance formed to add Blockchain layer to enterprise IoT products/services

Sept. 28, 2017 – A group of companies announced last week to form a Blockchain-enabled Internet of Things (IoT) alliance named as Trusted IoT Alliance (TIA). The primary aim of this alliance is to lead pilots, publish open source code, and coordinate standards and reference architecture.

Members of the alliance include Bosch, BNY Mellon, Cisco, Gemalto, U.S. Bank along with Bitse, Chronicled, ConsenSys, Ledger, Skuchain, Slock.it, HCM International of Foxconn Group, IOTA, Oaken Innovations, Qtum, Chain of Things, and Big Chain DB.

The use cases will involve to providing cryptographic identities to devices, machines, and supply chain hardware with a Blockchain and smart contract powered backend. A smart contract is a self-executable code-based contract that simplifies and automates transactions/contracts between parties. Examples of these in use could be simple time stamped event logging, identity and access management of IoT-based products/services.

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