IBM has developed a way to execute smart contracts using blockchains on IoT device networks, another sign that technology giants are seeing larger applications in emerging areas. Coindesk first reported the method, which was released in an IBM patent application issued last week, indicating that IBM has devised a way to allow secure enforcement of smart contracts that set rules for transactions in connected devices on the blockchain. And conditions. The Armonk, NY-based company did not hide its blockchain ambitions and recently demonstrated the use of blockchain applications to help track the food supply chain of Wal-Mart and nine other major brands. The company also recently revealed that a blockchain called TrustChain ensures the authenticity of jewelry and tracks diamonds or precious metals from refineries to retail. As Coindesk explains, IBM's approach is designed to solve the two challenges of running blockchain on the IoT network - a distributed ledger technology that supports Bitcoin. The first challenge is that the IoT blockchain network will not be able to participate in compute-intensive mining processes that power the main cryptocurrency because of insufficient equipment power. . Another challenge is that large-scale mining operations may make the IoT network more likely to be attacked. IBM recommends addressing these issues by limiting the numbers used in the proof of work system, which is a consistent algorithm for confirming transactions. According to the patent application, the goal is to “provide equal opportunities for all IoT devices in the network to successfully complete workload verificationâ€. The company said that the use cases of the method include "peer-to-peer energy networks, logistics networks, weather networks, etc." In an interview, Brad Johnson, director of data science at New Signature, a system integrator in Washington, DC, told CRN that the Internet of Things and the blockchain "feed each other in a very important way." He said: "The Internet of Things is indeed differently dispersed. Patterns create opportunities to run things, and blockchain is very important as a supporting technology for these types of distributed systems," Johnson said the IBM case is an example of how companies can begin to address the issues of deploying blockchains in IoT networks. “What we are seeing is that various industry players are working on solutions to these problems one by one, and as these problems arise, the solutions will become very diverse,†he said. "But what we really drive is the model that devices can choose to join these networks. The participants in these networks are willing to trade on these networks through these or those networks." Our company specializes in the production and sales of all kinds of terminals, copper terminals, nose wire ears, cold pressed terminals, copper joints, but also according to customer requirements for customization and production, our raw materials are produced and sold by ourselves, we have their own raw materials processing plant, high purity T2 copper, quality and quantity, come to me to order it! Copper Connecting Terminals,Cable Lugs Insulated Cord End Terminals,Pvc Insulated Cord End Terminal,Cable Connector Insulated Cord End Terminal Taixing Longyi Terminals Co.,Ltd. , https://www.txlyterminals.com