Filament CTO Jennings : Blockchain is “Excellent Way” to Decentralize Core Digital Identity of IoT Devices
Filament is harnessing blockchain technology to provide smart industrial infrastructure for connecting machines wirelessly and globally. In August 2015, the startup closed a $5 million in funding led by Bullpen Capital. Other participants in the Series A round include Verizon Ventures, Crosslink Capital, Samsung Ventures, Digital Currency Group, Haystack, Working Lab Capital, and Techstars.
An interesting interview of Filament co-founder and CTO, Eric Jennings, was recently posted by Conor Colwell on the blog of Chain of Things, a blockchain-based open research lab (full disclosure: I am a partner). The interview focused on the most important, even existensional issue of IoT systems…. security!
Why do you think blockchain may assist in securing IOT devices?
For devices in IoT to scale to tens of billions of devices by 2020, it will be important to decentralized the core digital identity of these devices. The Blockchain is an excellent way to do so in a non-silo’ed manner.
READ MORE OF THE INTERVIEW AT CHAIN OF THINGS