Blockchain and Internet of Things Consortium Progresses Ecosystem Protocol
Skuchain and Chronicled, in collaboration with the members of five enterprises and six start-ups, have announced the launch of an IoT ‘thing’ registration API supporting Ethereum, Quorum, and Hyperledger blockchain implementations. The protocol allows users to register multiple kinds of weaker identities, including serial numbers, QR codes, and UPC code identities, and bind them to stronger cryptographic identities, which are immutably linked across both physical and digital worlds using blockchain technology.
Blockchain technology is driving a broader trend towards securing digital identities of people, organizations, and physical objects. Machines capable of cryptographically-secured transactions can prevent hacking, data breaches, and many of the problems that have been encountered in digital economies currently. The launch of the common registration protocol brings industry and commerce legacy systems closer to secure interactions with cryptographic networks.