“Blockchain is promising for IoT security for the same reasons it works for cryptocurrency: It provides assurances that data is legitimate, and the process that introduces new data is well-defined,” -Ahmed Banafa, IoT expert and lecturer at San Jose State University





IoT, or the Internet of Things, is one of the up and coming hot technologies along with AI, VR, AR, Machine Learning and Blockchain. Many technologists will paint you pictures of the future where many of these technologies interact seamlessy with each other, making our everyday lives and mundane tasks easier and safer. Experts in the field of IoT all know though that with the billions of IoT connected devices that are anticipated to hit the market over the coming years the question of how to build infrastructure that is secure enough and fast enough for these devices to transact on is a key question that needs answering.

Many in the blockchain and distributed ledger community have said that the cryptographically secure, distributed, native digital networks being built today like Ethereum and IOTA are a perfect match for a network of autonomous devices. The internet was not designed to handle these types of transactions, but are today's blockchains?

The most common critcism about blockchain technology when it comes to its usefulness within IoT is will it be able to scale? The most widely used blockchains today are prone to high transaction fee's and a very low latency of transactions. IOTA, a distributed ledger company focused on IoT, doesn't believe blockchains will be able to scale to handle the bandwidth necessary for that many devices, however, they do believe that by using key principles from blockchains they can build a more scalable and practicable solution called a tangle. There are a lot of big companies like IBM who disagree with IOTA and are betting big that blockchain will be able to scale and eventually become the infrastructure for Web 3.0

Futher Reading:





Join us on January 10th at Galvanice in NYC to spend an evening discussing these topics and more with:

Paul Handy, Core Developer at IOTA Foundation

David Fragale, Co-Founder & VP of Product at Atonomi

Dana Farbo, COO at Augmate

Michael del Castillo, Editorial Team CoinDesk





Get answers to questions like:

Will blockchain be able to scale in order to handle the multitude of connected devices?

Can blockchains protect IoT companies from selling your data?

What are key players in the space building on top of?

What is a tangle? Is it more scalable than blockchain?









Seating is Limited. Purchase Today.









SCHEDULE:

6:30p: Networking





7:00p: Panel Discussion

Moderator: Michael del Castillo

Panelists: Paul Handy | David Fragale | Dana Farbo





8:00p: Post-event Networking









SPEAKERS:





Paul Handy

Core Developer at IOTA Foundation - LinkedIn









David Fragale

Co-Founder & VP of Product at Atonomi - LinkedIn

David is a Co-Founder, VP of Product at Atonomi. Atonomi is a blockchain-based low-level security protocol enabling the billions of IoT devices to have secure, trusted interoperability for data and commerce. In 2014, David was appointed as an MIT Sloan Fellow where he focused on emerging technologies such as cryptocurrency / blockchain. Previously, at PwC, David was a SME on cryptocurrencies and blockchain technology.





Dana Farbo

Chief Operating Officer at Augmate - LinkedIn

Chief Operating Officer and Investor in Augmate where I work with the CEO and team to build the ultimate platform for device management in the Internet of Things (IoT). Using distributed technology such as IOTA's Tangle, we are bringing better control and security for the billions of devices in use by enterprise and consumers.





MODERATOR:

Michael del Castillo

Editorial Team at CoinDesk - LinkedIn

A full-time member of the Editorial Team at CoinDesk, Michael covers cryptocurrency and blockchain applications. His writing has been published in the New Yorker, Silicon Valley Business Journal and Upstart Business Journal. Michael is not an investor in any digital currencies or blockchain projects. He has previously held value in bitcoin.



