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6/20/2016
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The Internet of EveryoneElse’s Things
Or
“Time for some new thinking on IoT”
Trust in the Digital WorldThe Hague
June 2016
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David G.W. BirchDirector of Innovation at Consult Hyperion
An internationally-recognised thought leader in digital identity and digital money;
Named one of the global top 15 favourite sources of business information (Wired magazine);
In the London FinTech top 3 most influential powerlist(City A.M.)
One of the top ten Twitter accounts followed by innovators, along with Bill Gates and Richard Branson (PR Daily);
One of the top ten most influential voices in banking (Financial Brand);
Named one of the "Fintech Titans" (NextBank);
Voted one of the European “Power 50” people in digital financial services (FinTech Awards);
Ranked Europe’s most influential commentator onemerging payments (Total Payments magazine).
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Consult Hyperion…
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A Challenge: What’s Next?
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The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indistinguishable from it.
Mark WeiserScientific AmericanSeptember 1991
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Connection is Easy
Telegraph, telephone, radio, satellite, fibre optic, wifi, Bluetooth, RFID, NFC etc etc5
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But… Disconnection is Hard
Doors are simple, locks are complicated.6
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Case Study: Waze and Means
If your pants could talk, what would they say about you?7
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Case Study: Whiskey in the Jar-O
Good? Bad?8
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Case Study: Talking Pants
If your pants could talk, what would they say about you?9
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So…
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Low-power devices with no cryptography
No tamper-resistant memory for keys
Intermittent connections
In the attackers domain
Without upgrades or patches
Your light bulb is not going to negotiate electricity prices any time soon
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Where to Focus?
Identification, authentication and authorisation
Of people and their things
But the things can’t do cryptography
So we need to manage virtual things, not the things themselves
Wait…
What if there was a new way to manage these virtual things?
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Putting My Pants on the Blockchain
Implement the identity of things as a layer on the blockchain12
Dave’sPants
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The Private Life of Things
The private life of things as a shared ledger implemented on a blockchain13
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But Why Bother?
Applications14
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Smart Pants
Implement the identity ledger as a layer on the blockchain (eg, Blockstream)15
Dave’sPants
OtherPants
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Contact
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Browse www.chyp.comFollow @chyppingsMail [email protected] http://www.chyp.com/media/blog/Listen http://www.chyp.com/media/podcasts/
Consult Hyperion UKTweed House, 12 The MountGuildford, Surrey GU24HN, UK.+44 1483 301793
Consult Hyperion USA535 Madison Avenue, 19th FloorNew York, NY 10022, USA.+1 888 835 6124