Filament Partners with the University of Nevada to Connect AVs to the IoT
April 23 2019 - 11:21AM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
April 23, 2019 -- ADVFN Crypto NewsWire -- Why do autonomous
vehicles need the IoT? The short answer is that without it, it
would be hard to consistently and effectively update their software
and hardware without it. If all autonomous vehicles are connected
to each other via the IoT, they can share data with each other
around the clock to help each other improve.
With this in mind, the blockchain
can also be thrown into the mix as a foundational framework for
data transfer. Without getting too lost in the weeds in a technical
sense, think “blockchain equals mini-Internet of Things.” If you’re
wondering why this is the case, then it might be because of how you
have been conceptualizing the IoT.
The IoT is not a single platform.
It is also not another internet. It is, however, a way to describe
any sort of platform or network in which a multitude of devices are
connected over a foundation like a blockchain and transact with
each other unendingly. For a contemporary example of how this might
work out, check out what Fetch.ai is doing here.
Essentially, projects like Fetch
are looking to build fast blockchain networks that can support a
horde of micro-transactions and therefore, support the continued
development of the IoT. One of the issues with such projects is
that their success would hinge on the development of industry
standards, so that large-scale car companies would feel comfortable
using such networks.
Considering this, the fact that a
startup called Filament has recently partnered with the University
of Nevada to do just that bodes well for the scaling of the IoT.
What these two groups aim to do is set the blockchain up as the
backbone of the greater part of the IoT over time. If they are
successful, we just might see the dawn of the next stage of the
global economy as countless blockchain projects have already
promised, but failed to deliver.
By: BGN Editorial Staff
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