Blockchain

#What is Blockchain?

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#Ethereum and SmartContract

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#Private and Public Key

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#ICO

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#Blockchain and Bitcoin

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#Web 3.0

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#Proof of Stake/Work

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#With Blockchain into IoT

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Sensors will be the accelerator and promoter on the journey towards the Internet of Things or Industrial IoT. In order to build up smart products, smart factories and to develop smart business models you will need sensors in your products and in your factory.  

But there is a need. We could have there three showstoppers.

The first one is  TRUST. The industry starts their way to the internet of things. Some companies hold off. Some don‘t start. Some are not as far as they could be. Lack of trust is very often the showstopper. Lack of trust in the existing exchange platforms in exchanging data, information and knowledge. Mostly cloud solutions. Sometimes knowledge exchange does not extend beyond the company itself. e.g. suppliers are not able to deliver their knowledge to the OEMs. There is no trust in the cloud solutions.

The second show stopper are missing  ALGORITHMS. The need for sensor information is increasing. Everybody wants to know the condition of machines, tools and assets. Condition monitoring is essential on the way to the internet of things. It is just as important to know where the machines, tools and assets are. Where is my product, my asset, my tool, my worker? You need algoritms to optain this information. Intelligent algorithms to extract the right knowledge, based on the sensor data of mostly small, cheap and imprecise sensors.

The third challange is COMPUTER RESSOURCES. More and more sensors increase the need of algoritmns and ultimately the need of cpu ressources. Not having space, budget and energy to offer these resources close to every small independend sensor.

So, the solution would be a trusted knowledge provider to go further on the way to the internet of things

One idea is to connect sensors and machines on the one hand side and on the other side applications (e.g. SAP) with the internet of things. We providing knowledge by inter-connecting the participants of the internet of things via the trusted blockchain. Machines, sensors, applications would be part of a blockchain. Trust in the blockchain concept allows inter-connection. The contracting of the blockchain enables payment of knowledge. The smart contracting could be the solution and provides the missing trust.

Contact

Prof. Dr. Markus Haid
D21, 2.17
+49.170.16-70205
Markus Haid

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