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“I think we’re now just exploring the true opportunity of IoT and how many day-to-day tasks it can handle for us,” says Dawn Barry, co-founder and president of Luna DNA, a community-owned human health database. “The intersection of blockchain and IoT, as I see it, is that where IOT is currently weak is in security and reliability of connections at all times, blockchain is strong.” Barry points out that blockchain is currently securing the most valuable digital currencies in the world.
Its decentralized nature and smart contracts offer powerful new advantages in an IoT ecosystem. Data streaming, security, and more are not crippled by a single point of failure, because you’re leveraging multiple points of connectivity.
“I think such a frictionless, decentralized system has the power to remove information silos and empower consumers to have a greater say in how their data is used and who benefits from it,” she says. “In my mind, the big future goal is to connect blockchain and IoT, to scale security and connectivity, create trust and transparency, and accelerate data exchange and transactions.” Luna has its eye on IoT as the next step for their database.
The company’s aim is to significantly ramp up the amount of data available for scientific research and accelerate new discoveries. Users connect their health data, while the company anonymizes that data by aggregating and organizing it, and makes it available to researchers. Read more from venturebeat.com…
thumbnail courtesy of venturebeat.com