Blockchain

IEEE Blockchain IoT Identity Standardization Working Group Launched

[ad_1]

Six global companies have joined forces to initiate the IEEE blockchain IoT standardization.

According to Dr. Xinxin Fan, Chairman of the IEEE Internet of Things Working Group, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX, and China Academy of Information and Communications Technology are developing global standards Decentralized identity based on blockchain In the effort that started two years ago.

related: Decentralized identity can bring the analog world into the digital world

After two years of research, the world’s six major companies have provided proof of concept for blockchain-based decentralized identification (DID) for IoT devices. Dr. Fan launched it in 2019 with the World Wide Web Consortium (W3C). IEEE is a non-profit organization that sets standards for the general requirements of technologies related to wireless devices, networks, and services.

According to the press release, blockchain interoperability is critical to the success of blockchain. Internet of Things (IoT), People, companies. By removing technical barriers and enabling different entities to communicate in accordance with global standards, global trade, economic development, and local communities around the world can be promoted.

related: With the Internet of Things, will blockchain bring more freedom or less freedom?

Giovanni Franzese, head of Ericsson’s blockchain business development, said: “The Internet of Things, decentralized identifiers, verifiable credentials, and blockchain are technologies that are rapidly accelerating and combining together.” “It is a great honor to be able to contribute to the formulation of the IEEE P2958 standard, bring market prospects, Ericsson’s knowledge, and participate in cross-industry cooperation groups to make the standard effective and promote adoption by our customers.”

The working group led by Dr. Fan aims to ensure that the entire 12.6 trillion USD in potential value As predicted by McKinsey, the Internet of Things in 2030 can achieve human-machine interoperability by defining global DID standards.