BoAT FAQ: Q2-Which IoT business attributes are most applicable for uploading data on the Blockchain？
In this FAQ, we will explain which IoT business attributes are most relevant for the uploading of data on the Blockchain?
Let’s highlight the two key attributes that can help to distinguish accurately the integration of the Internet of Things with Blockchain. The first major attribute is the tamper-resistance of the data, data simply can’t be tampered with, and the second attributes is the necessity for the data to be trusted and shared. Both these distinctive requirements are typically combined for different emphasis, depending on the usage. The logic behind data immutability is certainly easy to comprehend; only real data has value. When data is collected and used by different participants, and if there is a long time interval between the data collection and usage process, a data collector can harness the tamper-resistance built into Blockchains to prove to the data user that the data has not been tampered with during its collection and usage process.
The second commanding attribute is that data can be shared among multiple parties in a timely manner to ensure data consistency. However, data sharing between multiple parties can be more troublesome, especially in a peer-to-peer relationship, rather than in traditional top-down, hierarchical structured relationship.
To guarantee consistency and the synchronization of data stored in each node of the Blockchain, a scientific consensus algorithm is deployed to facilitate trusted data sharing between peer-to-peer parties. Based on the two attributes discussed above, we can extrapolate three conditions where specific industries will create demand in Blockchain:
1. There are multiple independent stakeholders in the process of data collection and use, however, there is no 3rd party with mutual trust among all parties (or for some reason, the 3rd party isn’t able to provide trusted services for all parties although there is one that is trusted by all)
2. There is a time interval between the collection and use of data which is cached in storage during the interim before being used.
3. The verifiability for authenticity of data is a crucial determinant for the credible establishment of a business model.
IoT devices collect, upload and aggregate data from the terminal (edge device) side up to a centralized node or cloud platform. This facilitates trusted data on-chain to be extended by the data collection trustworthiness at the (edge device) side during uploading. This end-to-end process ensures data is credible and cannot be tampered with, which is especially important between major 3rd party transactions, financial loans, evidence chains, etc. These remedial procedures will help ensure credibility and immutability of data collection and testing in a neutral and independent process.
To access complete technical content on the BoAT, please visit our Github address: https://github.com/aitos-io/BoAT-X-Framework
aitos.io is a technology start-up focusing on the integrated innovation of IoT and Blockchain. By combining its own rich resources in the IoT industry, aitos.io has raised the standard for an open-sourced blockchain application framework BoAT (Blockchain of AI Things) with delivered via IoT chipset and module to enable IoT devices quickly implement trusted data on-chain and access the blockchain services. At the end of 2019, aitos.io and nine mainstream cellular wireless module manufacturers jointly initiated the Blockchain IoT Module alliance, and successively released their own brands of BoAT blockchain module products. This resulted in hundreds of millions of IoT devices equipped with the capability of blockchain services access as a trusted entry of IoT+Blockchain application. aitos.io’s vision is to leverage an alliance of global IoT vendors to empower them to tap the value of applications and data.
At the beginning of the project launch in the end of 2018, aitos.io received angel investment from the IoT industry expert group and strategic investment from Wanxiang Blockchain. In December 2018, aitos.io was awarded membership into ARM Accelerator Camp. In June 2019, aitos.io emerged as the founding member of China Unicom IoT and Wanxiang Blockchain IoT+Blockchain Joint Innovation Center. In November, aitos.io became a empowerment partner of Microsoft’s AI and IoT Lab . In August 2020, aitos.io transitioned into Tencent’s Blockchain Accelerator program as the first member. In February 2021, aitos.io joined RISC-V International as strategic member and initiated to form new Blockchain SIG (special interest group). In April, aitos.io initiated 1st China technical requirements standards for trusted blockchain access of IoT terminals.