@CincyIoT

Taron Foxworth

@anaptfox

Cincinnati Crypto

Kevin Mulcrone

@KayBeSee

Special Thanks

Uber is giving Cincinnati a glimpse at the data so many cities covet

@CincyIoT

@anaptfox

@CincyIoT

@anaptfox

IoT landsacpe

@CincyIoT

@anaptfox

@CincyIoT

@anaptfox

Internet of Things

200 billion devices by 2020

Iota

The CryptoCurrency for the Internet of Things

Background

Founded in 2015

David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov

Founded to provide a payment network for “real world” applications

Doesn’t utilize a blockchain, uses directed acyclic graph (DAG) called Tangle

 

Features

- zero fees

- infinite scalability

- fast transactions

- secure data transfer

Doesn't include

Smart Contracts (Layer 2)

Mining

Tangle

based on a data structure referred to as a Directed Acyclic Graph (DAG)

    - No blocks

    - Each transaction confirms two previous transactions within the Tangle (Proof of Work)

 

 

Tangle

Potential Downfal

- Relies on a “Coordinator” run by the IOTA Foundation to protect network against certain attacks for now.

    - Coordinator serves as a checkpoint for valid transactions

    - Eventually, as network expands, there will be so many nodes running (every IoT device) a network attack will be too expensive and Coordinators will be removed

    - Battery limitations on IoT devices caused by running Proof of Work

 

 

@CincyIoT

@anaptfox

Iot and blockchain

  • Smart Cities
  • Infrastructure and Smart Grid,
  • Supply Chain
  • Transportation
  • Mobility.

@CincyIoT

@anaptfox

@CincyIoT

@anaptfox

  1. Creates an audit trail of transactions from farmers and food processing firms to consumers
  2. Provide transparency and visibility in the farming, handling and distribution process
  3. Collect previously untapped data to carry out analytics to improve farming methods

Benefits

@CincyIoT

@anaptfox

“I want to pay you for the information you know”

@CincyIoT

@anaptfox

Iot and IOTA USE cases

  • Smart Cities
  • Infrastructure and Smart Grid,
  • Supply Chain
  • Transportation
  • Mobility.

@CincyIoT

@anaptfox

@CincyIoT

@anaptfox

@CincyIoT

@anaptfox

Real world Stories

Device <-> Device

Device <-> Web

@CincyIoT

@anaptfox

Device <-> Device

@CincyIoT

@anaptfox

Device <-> Web

@CincyIoT

@anaptfox

Device <-> Web

@CincyIoT

@anaptfox

My questions

@CincyIoT

@anaptfox

What about Offline?

@CincyIoT

@anaptfox

What about the hardware?

@CincyIoT

@anaptfox

What about the hardware?

@CincyIoT

@anaptfox

My Concerns

@CincyIoT

@anaptfox

My Concerns

 “This seems to be a reasonable
assumption, especially in the context of IoT, where nodes are specialized chips with pre-installed firmware.”

@CincyIoT

@anaptfox

My Concerns

 “This seems to be a reasonable
assumption, especially in the context of IoT, where nodes are specialized chips with pre-installed firmware.”

@CincyIoT

@anaptfox

My Concerns

75% of IoT projects fail in PoC

@CincyIoT

@anaptfox

@CincyIoT

Taron Foxworth

@anaptfox

Cincinnati Crypto

Kevin Mulcrone

@KayBeSee

This Month In Things

By Taron Foxworth

This Month In Things

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