Bitcoin and IoT

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Building Africa’s Bitcoin Infrastructure

Transcript of Bitcoin and IoT

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Building Africa’s Bitcoin Infrastructure

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Bitcoin & IoT

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About Me• Deeply involved in Bitcoin since July 2013

• Published 4 whitepapers & 1 book

• 41 Bitcoin Answers on Quora

• Became a Bitcoin core developer in May 2014

• Started Bitcoin Dictionary, BitFinance

• Contributed to several open source Cryptocurrency-related projects

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What is IoT?• Devices

• Connected

• Sharing Information

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What is Bitcoin?• Decentralised

• Digital

• Money

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Centralised System

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Decentralised System

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What is the Blockchain?

• Distributed database

• Maintains growing list of data records

• Tamper proof

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Why Bitoicn

• Transact in trustless networks 

• Smart contracts 

• Cut out the middleman 

• Micro-transactions 

• Censorship resistant 

• Permission-less Innovation

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What this means for Devices

• Track the unique history of devices

• Autonomity

• Proof of life in manufacturing

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Examples

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Examples

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Examples

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Examples

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Some Possible Future Applications

• DACS

• Friendly AI

• Blockchain Deep Learning

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Questions