The advent of the internet led to a paradigm shift that has transformed nearly every aspect of society since then. This was compounded by the growing interconnectivity of an ever-increasing amount of WiFi-enabled devices known as the Internet of Things (IoT) that fostered the development of Web 2.0. Innovations enabled by blockchain technology, such as decentralized finance (DeFi) and nonfungible tokens (NFTs), are now being referred to as the basis for Web 3.0. Whereas Web 2.0 integrated the internet into our daily lives and greater culture and society, Web 3.0 portends a decentralized digital version of the world online, which …

Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization. According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China Academy of Information and Communications Technology are developing the global standards for blockchain-based decentralized identities in an effort that commenced two years ago. Related: Decentralized identity can bring the analog world into the digital one After two years of research, the six major global businesses have provided the proof of concept for blockchain-based decentralized identification (DID) for IoT devices, which …

Enterprise blockchain started to take shape in 2016, a time when companies like IBM began to leverage private networks for supply chain management. It was also during 2016 that author Don Tapscott wrote and published Blockchain Revolution, a book that examines the way that blockchain will transform a number of industries. Following the release of Blockchain Revolution, Tapscott — who is also co-founder of the Blockchain Research Institute — published Supply Chain Revolution in August 2020. Given the timing of the book’s publication, Supply Chain Revolution detailed the way the COVID-19 pandemic exposed glitches throughout supply chains across the world, …

The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5 million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on IoT-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022. According to the information shared with Cointelegraph, Consensus Networks aims to provide real-time monitoring and logistics for nearly 700,000 sailors and marines via the HealthNet platform. The developer picked the IoTex blockchain to meet the security and scalability requirements of the Navy. Nathan Miller, …

The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment and environmental concerns led to the PoW model falling out of favor with many. As a result, projects looking to employ a proof-of-work model have had to adapt to stay aligned with the …

The ultimate goal of any cryptocurrency project is to achieve widespread adoption by offering a use case that offers real-world value that can be applied across the globe and in every home. One project that just revealed a significant stride towards greater adoption thanks to its user-run wireless network is Helium, a 5G Internet-of-Things-focused project, which revealed a new partnership with Dish Network on Oct. 26. Today we take another huge step for @Helium 5G with the announcement of a new partnership between @DISH and Helium Inc! DISH is the first major carrier to join #ThePeoplesNetwork, expanding coverage with customers …

Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the industry is exploding, it’s really hard to get it right. It’s best to divide the blockchain topic into two main buckets in order to understand the development of the ecosystem and the key benefits and innovations it provides. One is cryptocurrency, where we cover industries like financial services, insurance and capital markets, including deals via private equity and …

The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingered below $46,000 and bulls regrouped to plan their next attempt to push the price higher. Despite the struggles faced by many of the top cryptocurrencies, several altcoins were buoyed by positive developments, and Cointelegraph Markets Pro's top market gainers index shows many producing double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Audius (AUDIO), Raydium (RAY) and Helium (HNT). Audius partners with TikTok The top-performing coin over the past 24 …

Helium Network, a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry. The sale, which centered around Helium’s native token, HNT, was scooped up by several venture capital firms, including Andreessen Horowitz. Alameda Research, Multicoin Capital and Ribbit Capital also contributed, according to BNN Bloomberg. General partner at Andreessen Horowitz Ali Yahya told Bloomberg that new cryptocurrency protocols like Helium will “challenge centralized incumbents” and compete with bigger telecommunication service providers. Yahya tweeted Tuesday that his firm will work with Helium to create a "grassroots …

Three ex-Sony executives are using blockchain technology to create a global ecosystem that will link Internet of Things devices while allowing consumers to take back control of their personal data. Founded by Kunitake Ando, Jasmy’s purpose is to build an infrastructure for the interconnected devices — “IoT anytime, anywhere” — that are beginning to power the fourth industrial revolution. “While Jasmy's platform protects the convenience of the Internet and the value of the data that individuals have, the concept that we are aiming for is for everyone to feel safe, to use their own data, and to protect users’ rights,” …

You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” So, what makes a city smart? That label is still quite abstract and might entail different meanings, but if you go the boring route and actually Google it, you’ll come across this unified definition: an interconnected urban area that utilizes various sensors and other methods to collect data and use it to improve its operations. In other …

Synergy has long been an overused word in the business lexicon, but on occasion the fit between two companies or projects is so smooth that there’s no other word for it. Such is the case with the newly announced partnership between PlanetWatch, a firm that uses cryptocurrency rewards to deploy Internet of Things-connected (IoT) air sensor networks in cities, and EMRIT, a firm that uses cryptocurrency rewards to deploy IoT connectivity networks in cities. Under the terms of the agreement, EMRIT is going to fund the deployment of thousands of PlanetWatch-compliant air quality monitors which will be hosted together with …