ForexMinute.com – Tech giant IBM recently published a paper on ADEPT, a new decentralized Internet of Things system derived from Bitcoin technology.
ADEPT, which stands for Autonomous Decentralized Peer-to-Peer Telemetry, strives on bringing more privacy and stability in the ways which internet business models are handled. The blockchain-based concept taps on three protocols – BitTorrent for file sharing, TeleHash for P2P messaging and Ethereum for smart contracting – to execute transactions in a decentralized manner.
As explained in IBM draft paper, the Bitcoin blockchain technology could work as a ledger to store and broadcast transactions of billions of devices without putting much cost to the network maintenance. Excerpts:
“Applying the blockchain concept to the world of [Internet of Things] offers fascinating possibilities. Right from the time a product completes final assembly, it can be registered by the manufacturer into a universal blockchain representing its beginning of life. Once sold, a dealer or end customer can register it to a regional blockchain (a community, city or state).”
Partnership with Samsung
IBM meanwhile also partnered with home appliance company Samsung to execute ADEPT in a home environment. According to the paper, both the companies modified a Samsung W9000 washing machine with an ADEPT system to issue commands to a detergent retailer in case if it runs out of washing powder. Without requiring a human interaction, such a machine is expected to contact and pay the detergent retailer, the information of which will be broadcasted to machine’s owner through his/her smartphone.
Although, there are still certain challenges that are to be met before launching such a service.