EOT, quietly creating the Economy of Things

While the Cryptoworld, minus Vitalik, have been descending on New York for Consensus 2018, new kid on the block EOT has quietly been creating what is being aptly called the Economy of Things.     The Economy of Things   We have all heard about the latest buzzword in the tech sector, IOT [Internet of things] with Billions of devices predicted to be connected to the internet in the next few years. A further development thought is that these devices are now becoming more intelligent with more processing power being added and…

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Bitcoin News Review – 2 May 2018

Digital economy news highlights from today:-   CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK   Dubai Government Unveils Blockchain Business Registry   Ethereum Foundation ‘Extremely Comfortable’ ETH Is Not A Security, Co-Founder Lubin Says   OTOY Introduces RNDR, Blockchain-Based Rendering Platform Built on the Ethereum Blockchain     Barclays’ CEO Refutes Rumors The Bank Is Opening Crypto Trading Desk Historic Korean Peace Declaration Recorded on Ethereum Blockchain According to a report from CoinDesk Korea, Ryu Gi-hyeok, a 27-year-old game developer from South Korea, has coded…

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Expedia’s Orbitz hacking exposes 880,000 customer details

A subsidiary of Expedia, Orbitz, an online travel booking company, has been hacked.  The data breach incident was detected in March 2018, however, the hacking probably took place between October 2016 and December 2017.     Customer details such as name, address, date of birth, phone number, email address and gender may have been accessed by the hacker.  According to the company who worked closely with cybersecurity experts and law enforcement, social security numbers for US customers were not compromised.   All customers were advised to monitor their credit card…

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What is the EOT Blockchain?

The EOT Blockchain is an immutable record of all EOT transactions, stored on a network of computers thus creating a distributed ledger of all transactions.     How Does the EOT Blockchain Work? When EOT started a first version of the record in the ledger was created and stored in what is block 1 or otherwise known as the Genesis block.   All information on the blockchain are stored in files which are encrypted, in the world of cryptocurrency, these files are known as wallets.   Every file/wallet has an…

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Mining Bitcoin on IoT Devices

In a recent report by CNBC, it was highlighted that 15,000 internet-connected devices could be hacked to mine approximately $1000 within 4 days.       The demonstration was run by Avast, which is based in the Czech Republic, at the Mobile World Congress in Barcelona last week. They had a number of devices running on a network powering a cryptocurrency mining software in a demonstration of how IoT, Internet of Things devices, can be hijacked by hackers and turned into mining cryptocurrencies.     According to CNBC, “Both crypto-mining…

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IoT, Cybersecurity is a Public Safety Concern

The IoT market is growing rapidly as more devices and things are becoming connected to the internet.  This network of devices is called the “Internet of Things”, IoT.  Experts are predicting that more than 80 Billion devices or things will be connected to the internet by 2025.  When we think of connected devices, we typically think of mobile phones, printers or security cameras and generally not household appliances such as fridges, doorbells and vacuum cleaners or even motor vehicles, trucks and ships.     The “Internet of Things” is bigger than we can…

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IoT and Blockchain, a Match made in Heaven

What is IoT? The Internet of Things (IoT) is a collective name for hardware devices linked to the internet from high-level devices such as smartphones to very simple devices like a kitchen device or a sensor. The IoT market has been on an upward trend for the last few years and started to grow exponentially  in 2017 and there are IoT projects ongoing from “Smart Agriculture” to “Smart Cities” Gartner research estimates  20.4 billion internet-connected devices in use by 2020 which raises many questions regarding the shortcomings that come with conventional…

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EOT makes Agriculture Smarter

Can EOT make that Apple a day fresher?  Did you know that an Apple can be more than 9 months old when you buy it in a supermarket?  And how do you know the orchard, where the apples are picked, treat their workers fairly? These and many more questions can be answered by what is now called Smart Agriculture.     Let’s see How IoT devices, EOT and Blockchain can help making Agriculture smarter.     Smart Devices measuring the optimum time to pick that apple: The IoT industry is currently producing a…

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Qtum Foundation, Trusted IoT Alliance, and Chronicled, Inc. to Develop Secure IoT Use Cases

SAN FRANCISCO, 2 Jan 2018 /PRNewswire/ Chronicled, Inc. and The Qtum Foundation have announced a collaboration to combine the Internet of Things (IoT) with Blockchain technology, developing real-world use cases integrating smart devices with a secure distributed ledger back end.  This will take place in collaboration with researchers at the University of California, Berkeley.  Through this partnership, Qtum and Chronicled will work together to define and support a roadmap of fundamental research at UC Berkeley, developing post-quantum applied cryptography, zkSNARK-based privacy-preserving smart contracts, and zero knowledge proofs for large computations.     “The partnership with…

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Bitcoin Price Predictions Bullish but EOT may be set up for the “Perfect Storm” in 2018

As 2017 draws to a close, Cryptocurrency traders are sharpening their pencils and there are numerous predictions for Bitcoin prices in 2018.   See this story for the main Bitcoin predictions for 2018   However, not everyone might be so bullish on Bitcoin and as Bitcoin futures falters a bit there might be traders looking for an alternative.  As reported on CNBC Bitcoin futures traded lower on debut on the CME [Chicago Mercantile Exchange] – See full article here   It is clear that people are looking for alternatives or…

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