• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Sunday, January 29, 2023
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

IEEE Blockchain Identity of Things standardization working group kicks off

wireopedia memeber by wireopedia memeber
December 14, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Major players from technology and crypto ecosystems participate in a new group to standardize blockchain.

Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization.

You might also like

South Korea to deploy cryptocurrency tracking system in 2023

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows

Bitcoin wallet cracking competition unbeaten as seed words revealed

According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China Academy of Information and Communications Technology are developing the global standards for blockchain-based decentralized identities in an effort that commenced two years ago.

Related: Decentralized identity can bring the analog world into the digital one

After two years of research, the six major global businesses have provided the proof of concept for blockchain-based decentralized identification (DID) for IoT devices, which Dr. Fan started in 2019 with the World Wide Web Consortium (W3C). IEEE is a non-profit organization that has created standards for the general needs of technology related to wireless devices, networks, and services.

According to the press release, blockchain interoperability is crucial for the success of the Internet of Things (IoT), people, and enterprises. It is possible to advance global trade, economic development, and local communities around the world by eliminating technological hurdles and enabling diverse entities to communicate with worldwide standards.

Related: Empowered with IoT, Will Blockchain Lead to More Freedom or Less?

“IoT, decentralized identifiers, verifiable credentials, blockchain are technologies accelerating fast and bonding together,” said Giovanni Franzese, the head of blockchain business development at Ericsson. “It’s a huge privilege to contribute to the IEEE P2958 standards development, bringing the market perspectives, the Ericsson knowledge and participate in a cooperative cross-industry group to make the standards effective and fostering for adoptions with our clients.”

Dr. Fan leads the working group intending to ensure that the entire $12.6 trillion potential value of the IoT in 2030, as predicted by McKinsey, can be unlocked by defining a global DID standard for people and machines to interoperate.

Read Entire Article
Tags: BlockchainCoin SurgesCointelegraphCryptocurrenciesMarket StoriesTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

South Korea to deploy cryptocurrency tracking system in 2023

by wireopedia memeber
January 29, 2023
0

The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to

Read more

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows

by wireopedia memeber
January 29, 2023
0

A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation In addition, 65% of

Read more

Bitcoin wallet cracking competition unbeaten as seed words revealed

by wireopedia memeber
January 29, 2023
0

Wallet provider, Wasabi Wallet, launched an educational Bitcoin competition on January 23, asking people to ‘crack’ the seed phrase of a wallet loaded with over 4 million Sats...

Read more

Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’

by wireopedia memeber
January 29, 2023
0

A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported Its first task will be...

Read more

Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?

by wireopedia memeber
January 29, 2023
0
Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?

The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022 LTC secured almost 50% appreciation in January this year Currently, however, the...

Read more
Next Post

Umbrella Network launches $15M oracle accelerator program

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

OpenSea Discord server hacked, increasing the risk of phishing scams

May 7, 2022
Dogecoin Price Plunges 10%, Time To Buy DOGE on Dips?

Dogecoin Price Plunges 10%, Time To Buy DOGE on Dips?

December 12, 2022

Bitstop to Unveil ATM That Dispenses NFTs at Bitcoin 2022 Event in Miami

April 5, 2022

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • 40 dead after bus falls into ravine
  • Head of Welsh Rugby Union resigns after claims of racism, sexism and homophobia
  • South Korea to deploy cryptocurrency tracking system in 2023
  • Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows
  • Trump kicks off 2024 White House bid – and says he’s ‘more committed than ever’

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$23,211.001.03%
  • ethereumEthereum(ETH)$1,594.370.14%
  • tetherTether(USDT)$1.000.03%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • binancecoinBNB(BNB)$308.580.06%
  • rippleXRP(XRP)$0.412074-0.05%
  • binance-usdBinance USD(BUSD)$1.000.03%
  • cardanoCardano(ADA)$0.386674-0.32%
  • dogecoinDogecoin(DOGE)$0.088765-1.49%
  • matic-networkPolygon(MATIC)$1.162.28%
  • okbOKB(OKB)$38.970.40%
  • solanaSolana(SOL)$24.16-0.72%
  • staked-etherLido Staked Ether(STETH)$1,591.640.13%
  • polkadotPolkadot(DOT)$6.50-0.17%
  • shiba-inuShiba Inu(SHIB)$0.0000120.03%
  • litecoinLitecoin(LTC)$94.606.82%
  • avalanche-2Avalanche(AVAX)$20.40-0.36%
  • tronTRON(TRX)$0.0636201.63%
  • daiDai(DAI)$1.00-0.12%
  • uniswapUniswap(UNI)$6.800.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,200.001.32%
  • cosmosCosmos Hub(ATOM)$13.31-0.20%
  • chainlinkChainlink(LINK)$7.33-0.01%
  • bitcoin-cashBitcoin Cash(BCH)$135.641.48%
  • stellarStellar(XLM)$0.092318-1.26%
  • nearNEAR Protocol(NEAR)$2.53-0.71%
  • crypto-com-chainCronos(CRO)$0.081288-0.50%
  • filecoinFilecoin(FIL)$5.34-0.79%
  • algorandAlgorand(ALGO)$0.258736-0.28%
  • vechainVeChain(VET)$0.0245620.39%
  • axie-infinityAxie Infinity(AXS)$11.52-3.09%
  • elrond-erd-2MultiversX(EGLD)$44.73-0.66%
  • terra-lunaTerra Luna Classic(LUNC)$0.000173-1.01%
  • compound-ethercETH(CETH)$32.020.10%
  • ftx-tokenFTX(FTT)$1.91-20.60%
  • terrausdTerraClassicUSD(USTC)$0.0223490.24%