The three companies have collaborated to develop the first 5GBlockchain IoT module that natively record information gathered by devices toblockchain networks.
By linking the aitos.io BoAT SDK and the Telefónica Tech’s TrustOSplatform, a new IoT solution backed by blockchain can be developed and deployedjust in a couple of weeks.
The combination of IoT and Blockchain provides an increasedtransparency and an efficient way of tracing and verifying information gatheredby the sensors.
Madrid, March, 24, 2021. Telefónica Tech,the Unit that encompasses the digital businesses of Cloud, Cybersecurity andIoT & Big Data & Blockchain; Fibocom Wireless Inc., a leading globalsupplier of wireless communication modules and solutions in the sector of IoT,and aitos.io, a technology start-up focusing on the integrated innovation ofIoT and Blockchain have signed a collaboration partnership to create jointsolutions combining IoT and Blockchain technologies.
The adoption of Internet of Thingstechnology is growing quickly, and it’s predicted that by 2025 there will be55.7 billion connected devices in the world collecting information. So, it isbecoming critical for companies to ensure the veracity of the information thatthe devices collect, but also the identity of the devices, their integrity andthat they have not been tampered with. Blockchain emerges as the righttechnology that can help to verify the information, as well as mitigate thescalability and security issues associated with IoT.
This collaboration has started with thecreation of a Proof of Concept to integrate the software implemented byaitos.io, BoAT blockchain application framework SDK, Fibocom’s 5G devices andthe Telefonica Tech’s TrustOS platform. As a result, we have accomplished thefirst 5G IoT Blockchain integration success story in a matter of weeks, thanksto TrustOS and its identity module, TrustID, that easily connects withblockchain technology and enables the device to directly interact to theblockchain ledger eliminating any type of intermediary. It confirmsBlockchain's potential to complement other technologies such as the Internet ofThings or 5G.
Internet of Things brings us a link betweenthe physical world and the digital world, and combined with blockchaintechnology provide us an increased transparency and an efficient way of tracingand verifying any kind of information gathered by the sensors embedded in thedevices. 5G technology low latency and ubiquity enables the IOTBlockchain-backed solutions to record immutable evidence of what is going onsurrounding the devices with zero infrastructure in real time. This cannot onlybe applied to industry 4.0 use cases like supply chain management ormanufacturing processes monitoring. Thanks to this implementation and howTrustOS manages the authentication and access to the system, it’s possible toavoid unauthorized tampering or unexpected updates.
Jose Luis Núñez, Head of Blockchain inTelefónica Tech, stays: "The convergence of two technologies such as IOTand blockchain plus 5G connectivity is inevitable. As connected devicesmultiply, it is critical to demonstrate the trustworthiness of the informationthat devices exchange. Blockchain can play a relevant role to build trust inthese ecosystems. This proof of concept is the first successful case where itis demonstrated that Blockchain technology adds value and adds that extra layerof trust to operations. Telefónica is very excited about this collaborationwith aitos.io and Fibocom and we look forward to continue advancing andpositioning ourselves with this type of solutions in Industry 4.0”.
Ronnie Cohen, SVP sales & BusinessDevelopment of Fibocom, declares: “We are glad and proud to collaborate withTelefonica and aitos.io on introducing this cutting edge blockchain technologyfor the Internet of Things (IoT). “This unique synergy with Fibocom’s advanced5G module integrated with aitos.io BoAT SDK + TrustOS and implemented via TelefonicaTech’s 5G networks marks a new IoT era where securing the data is no longer anice option to have - it is a must. Weare ready to support Telefonica and aitos.io with enabling innovativeblockchain solutions via its various wireless modules ranging from 4G all theway to 5G”.
Leo Lin, CEO of aitos.io, says: “We areproud to cooperate with Telefonica Tech and Fibocom to promote the concept ofBlockchain IoT module globally using our BoAT blockchain application frameworkembedded into Fibocom's 5G IoT Module to easily access Telefonica's TrustOSBlockchain network and TrustID decentralized Identity service. This PoC buildsupon the successes of integrating the Internet of Things with the Blockchain toprove monetized value with data ownership, integrity and provenance. We arelooking forward to expanded cooperation with Telefonica and Fibocom to enablemore and more IoT devices with strong cryptographically verifiabledecentralized identity of their origin on the blockchain which will build ingreat value for trust and identity in broadening Industrial IoT sectors forIndustry 4.0".