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Intel and Filament Push for a Blockchain IoT Future

Enterprise blockchain developer Filament, which receives significant Intel investment, has released an Internet of Things(IoT)-optimized, USB Blocklet chip.

Filament chief executive Clift-Jennings explained, “Many products, not all, have the ability to connect to USB. These are for manufacturing lines – we have a version of a USB product that plugs into the onboard diagnostics port in vehicles. It’s very much trying to drive toward machines being transactive in nature.”

Blockchain can be used to increase transparency between designers, service providers, and end users, making license management safer, providing production-quality data and becoming resilient against counterfeiting via secure design storage.

Counterfeiting and product integrity

According to BusinessWire, the global total of counterfeited goods has increased to USD 1.2 trillion. Counterfeiting of clothing and textiles primarily affects profits, whereas fraudulent components for machinery, cosmetics, and consumables can have a more detrimental effect by risking health and safety. It is believed that up to 10% of aircraft parts are counterfeit. The outsourcing of services causes difficulty in tracking the source and quality of components, as well as where maintenance is carried out.

The global distribution of manufactured components, must take steps to guarantee the security of plans, and provide data that is tamper-proof and in line with regulations and production standards. This must be achieved while preventing the misuse of plans to manufacture counterfeit goods.

Blockchain IoT shaping the future

Data drives innovation so the ability to share or sell manufacturing data on a ledger could fast track other businesses. Autonomous cars are going to rely heavily on driver data to increase safety in their transition to level 5 (the highest level of autonomy). Having existing hardware produced by IBM or Filament with a variety of companies from Microsoft to Amazon offering blockchain API frameworks, this could quickly accelerate blockchain proof of concept in the industry and change how data is shared an analyzed.

Big companies such as Mastercard are already looking at the applications for blockchain to track goods, providing consumers with product integrity. This could then extend right through to the manufacturing level with the use IoT-optimized hardware.

Intel’s investment in Filament is part of their blockchain initiative for large-scale industrial IoT deployments. The vice president and general manager of Intel, Doug Fisher said, “At Intel, we believe the future of IoT will be enabled by smart, connected, secure edge-devices that drive a data-based economy.”

 

Image source: Saginaw Future Inc. – CIGNYS Corporation has three advanced manufacturing facilities in Saginaw County.
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Intel Pursues Patent for Bitcoin Mining Hardware Accelerator

Leading tech firm Intel is looking to patent a hardware development that would accelerate the process of Bitcoin mining chips, as revealed in recently published documents.

Accelerating Bitcoin mining

The application for the patent was submitted to the US Patent and Trademark Office in September 2016, with the details made publicly available on 29 March 2018. The formal request seeks to patent specifically a “Bitcoin Mining Hardware Accelerator With Optimized Message Digest and Message Scheduler Datapath”.

Intel outlines the benefits of the mining hardware accelerator in the application, detailing the process by which the software can increase the efficiency of Bitcoin mining. The hardware is described as consuming less electricity than standard software used for mining, increasing the economic efficiency.

Acquiring a patent such as this addresses the problems associated with conventional Bitcoin mining. As addressed in the application, the hardware utilized in the mining process ”uses brute force to repeatedly and endlessly perform SHA-256 functions”. This results in the process of Bitcoin mining being both power-intensive and employing large amounts of hardware space.

The hardware accelerator reportedly offers to reduce the space used, as well as cut the amount of power consumed during mining by up to 35% against a general-purpose processor.

Intel’s links to Bitcoin

This latest event follows previously reported connections between Intel and Silicon Valley bitcoin mining startup, 21 Inc. Intel originally developed chips for the fledgeling company, although plans to incorporate these chips into other Intel products never reached the market.

In March 2015, Intel reportedly listed a job application citing they needed a researcher to “investigate hardware and software capabilities that advance the performance, robustness, and scalability of open, decentralized ledgers.”.

A patent applied for by Intel in December 2017 illustrates the company’s focus again on the energy-intensive process involved in genetic sequencing. This patent does not, however, focus explicitly on mining any form of cryptocurrency.

If a leading industry company such as Intel should choose to invest further in the development of Bitcoin or blockchain innovations, the potential impact could be significant.

 

 

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