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Re: Blockchains and the Web of Things?

From: Drasko DRASKOVIC <drasko.draskovic@gmail.com>
Date: Mon, 29 Aug 2016 22:18:19 +0200
Message-ID: <CAEk6gTBvDzxQabsMUfzU+dcjJGrEEG+dX_+JiHMc++nZYG=bxg@mail.gmail.com>
To: Tibor Pardi <tibor@zovolt.com>
Cc: Dave Raggett <dsr@w3.org>, Public Web of Things IG <public-wot-ig@w3.org>
Hello Tibor,

On Fri, Apr 15, 2016 at 10:11 PM, Tibor Pardi <tibor@zovolt.com> wrote:
> Hi Dave
> Based on our work in the https://github.com/w3c/web-of-things-framework and
> using the WoT elements of it, I have created a blockhain based,
> decentralised, peer to peer IoT system. The application name is Streembit
> and I released the source code earlier this week at
> https://github.com/streembit/Streembit. I have published a white paper at
> http://streembit.github.io/downloads/streembit_whitepaper_v101.pdf as well
> as I try to explain in a blog at
> http://streembit.github.io/2016-03-02-Internet-of-Things how decentralised
> ledger concept i.e. blockhains and distributed hash tables (DHT) is relevant
> to IoT, how decentralised, blockchain based, peer to peer systems manage
> device discovery, and address the scalability and high availability business
> requirements. As you mentioned it in your message, I would think the
> authentication, access control and device discovery are the most relevant
> areas.

I have several questions regarding this Blockchain approach:

1) In blockchain security depends on computing nodes to calculate the
blocks. How do you solve this problem with low-power devices - i.e.
who is calculating the blocks? Is it maybe gateway? I am asking this
because whoever can have big processing power on the network can take
over the whole network.

2) Did you try to leverage existing Blockchains - Bitcoin or Ethereum
ones? I am asking this because I suppose that these networks are now
practically impossible to take over.

3) Did you examine Hyperledger project for the possible use of their
Fabric blockchain?

Received on Monday, 29 August 2016 20:18:49 UTC

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