secure iot with blockchain: fad or reality? [bof5490]

@leomrlima#J1Blockchain

Secure IoT with Blockchain: Fad or Reality? [BOF5490]

Leonardo Lima@leomrlima http://v2com.mobi


About meLeonardo Lima

•Computer engineer, server & embedded SW developer•From São Paulo, Brasil, now in Austin, TX•CTO at

•Spec Lead – JSR363•V2COM’s Representative at JCP Executive Committee

[www.linkedin.com/in/leomrlima]


AgendaIoT and Blockchain hypeWhat is Blockchain?How does Blockchain enable security?IoT & Blockchain

For PaymentsFor Contracts

The future with Java


IoT and Blockchain in the hype


WHAT IS BLOCKCHAIN?


Blockchain is…A decentralized distributed database

The underlying technology of Bitcoin

Allows anonymous, but trusted transactions


Blockchain isn’t…A cryptography (or security) framework

The savior against all security problems(just look at how many different ”heists” we

got…)

https://www.cryptocoinsnews.com/source-ethereum-insiders-believe-dao-hack-inside-job/

http://www.thedailybeast.com/articles/2016/05/19/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox.html

http://www.businessinsider.com/bitcoin-exchange-bitfinex-hacked-60-million-stolen-2016-8


How the blockchain worksDigital SignaturesHashingProof of Work

Mining operations


Blockchain versions1.0 is currency

2.0 is contracts

3.0 is beyond


Blockchain versions


HOW DOES BLOCKCHAIN ENABLE SECURITY?


Let’s first define securityWhen talking about security, it can be VERY broad.”Security is the condition of the system being protected from unintended or unauthorized access, change or destruction.””Confidentiality is the property that information is not made available or disclosed to unauthorized individuals, entities or processes.””Integrity ensures that improper information modification or destruction is guarded against. ””Availability is the property of on-demand, timely and reliable access to and use of information by an authorized user.”


Security & blockchainBlockchain enables INTEGRITY

It also enables AVAILABILITY


IOT & BLOCKCHAIN


PaymentsThings paying for things

Microtransactions


Smart ContractsContracts that execute themselves entirely autonomously when certain conditions are met. An auction might automatically transfer deeds of ownership to the highest bidder after a certain time has elapsed, or father's contract might automatically send his son a set amount of money every year on his birthday.

This contains real code that is executed when conditions are met.


TraceabilityUnderstanding where each resource comes from

Real-time, reliable tracking of resources


THE FUTURE WITH JAVA


What you can do now?https://bitcoinj.github.io/

IBM’s Hyperledger is coded in Java, and you already can work with Go lang (with Java coming soon?)

Microsoft Azure is very active in bringing blockchain to the masses.


Fad or Reality?It’s not a a reality…

... Nor a fad. It’s coming and for many use cases it will make sense.


Q & A


Thanks!

secure iot with blockchain: fad or reality? [bof5490]

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