From Internet of Things to Internet of Everything with BlockChain

From Internet of Things to Internet of Everything with BlockChain

Many people have not assimilated yet, but the blockchain could mark a great way in the collaboration of Internet Of Things (IoT). In fact many people do not even know what blockchain is …

This concept of “Blockchain”, or just by the abbreviations BC, is a distributed database (BDD) structured in chains that can not be modified once they publish a data. This, which is already used for banking transactions (it is the technological base of bitcoin), insurance, contracts, etc. Will be used in the near future to improve the way the Internet improves our daily tasks.

By 2020, 50 billion devices will be connected to the Internet as predicted by the World Economic Forum. That’s a breakthrough for the Internet of Things, but in reality these “things” will operate at the same level as smartphones, doing everything a smartphone can do through artificial intelligence routines.

 

The real value of things connected to the Internet is that they can execute actions that we have programmed. Just think, for example, when smartphones dematerialise and be part of us … or think about autonomous e-commerce, a scenario considered by the largest companies. This implies massive collaboration from machine to machine, unifying up to the point of Internet of Everything (IoE), a functional connection between people, equipment, data and processes.

It means that we can distribute ourselves in a territory where the digital layer is integrated with us, like humans, to 100%, with intelligence everywhere, cognition everywhere.

All this is quite challenging for technological advances. Let’s assume a couple of situations:

Transport companies start to use autonomous trucks, which are driven alone without the need for a driver. What good is there to us as advanced as this if you can not recharge yourself in a place where there are different charging stations?
If e-commerce providers start using drones to make deliveries. What is the use of this resource if the area can not yet grant flight permits for these devices? And if you do, what if the pair of shoes is not the right size? How is the return shipped if delivery was through a drone?
How will these devices help us and how will they do their job correctly? So far, all operating standards are sufficiently advanced, but protocols and actions still need to be developed, developed and standardized. When these teams need to operate, it is not just about communication, but about validation of steps and processes.

Let’s look at an example of Internet of Everywhere in the world of energy. A stand-alone vehicle needs a charging station to replace its batteries, so these two resources connected to the Internet for their automation need to authenticate and authorize each other, have coded rules and a way of working together with certain parameters within the recharge action . All this should translate into a transfer of energy based on a server or shared database, which is human tamper proof, especially when there are transfers of money involved.

In other words, autonomous things would not only need to be connected to the Internet, but also to a BlockChain that certifies and guarantees the transaction.

By this I mean that not only should the Internet of Things exist, but a collaboration between all these things involved. Without BlockChain technology, even if they are intelligent machines and learning machines, they can not effectively collaborate with each other, without exchanging digital “contracts”.

For there to be adequate collaboration, on a scale and through the Internet, there must be a fully structured online ecosystem. That is why the International Telecommunications Union adopted the term Internet of Everything (IoE), which includes not only machines but also people and processes. BlockChain technology marries identity, authentication, authorization and access control to business processes by intelligent means.

In that sense, BlockChain technology closes a trust gap that would exist with the Internet of Things. Precisely, the function of BlockChain is to get rid of the need for humans or third parties to replace them with virtual resources. Awesome!

BlockChain would work as Internet validators, verifying identities and other issues necessary to complete a transaction and leave a visible and reliable “record”.

The way these block chains work to define business management processes and put them to work with artificial intelligence is an issue that remains to be seen. Things connected to the Internet will be working collaboratively to go further and create the Intenet of Everything and this is already here. It is part of the present.