Blockchain-on-a-SIM: IoT beyond IOTA

The internet of things is coming. The crypto network IOTA is positioning itself as an industry standard – but the competition is not sleeping. A new collaboration now wants to bring together Blockchain, IoT and SIM cards – and enable new data-driven business models.

Besides the FinTech sector, logistics is one of the sectors in which block chain technology is being researched particularly intensively. Especially in the area of supply chain monitoring, companies are hoping that decentralized data processing will increase transparency and efficiency and, last but not least, save costs. Be it food, raw materials or fashion items – the variety of goods that have already “landed on the block chain” (albeit often still in pilot trials) is as colourful as the spectrum of companies researching the technology.

 

Blockchain and IoT: The future of logistics

What is certain, however, is that the global networking of people with the Internet of Things (IoT) will find its equivalent in the world of machines. How devices communicate with each other has not yet been standardized across industries. In the crypto sector, the IOTA network in particular has so far emerged as a possible standard for IoT. IOTA underpins this claim with numerous project partnerships with well-known companies and collaboration with the industry standard eCl@ss. Nevertheless, the success of IOTA’s tangle technology is not set in stone. And that’s just as well, competition is known to stimulate business.

Besides the FinTech sector, logistics is one of the sectors in which block chain technology is being researched particularly intensively. Especially in the area of supply chain monitoring, companies are hoping that decentralized data processing will increase transparency and efficiency and, last but not least, save costs. Be it food, raw materials or fashion items – the variety of goods that have already “landed on the block chain” (albeit often still in pilot trials) is as colourful as the spectrum of companies researching the technology.

 

Blockchain-on-a-SIM

A collaboration between the SIM card manufacturer 1NCE and the Blockchain security service provider Ubirch is now also fighting for a piece of the supply chain cake. While 1NCE provides blockchain-enabled SIM cards for IoT devices, Ubirch ensures secure communication between them. Ubirch’s “trust protocol” is designed to ensure that data collected by IoT sensors is protected against manipulation. In a corresponding press release by the companies, supply chain monitoring via block chain on-a-SIM is described in this way:

“The system works like a block chain that starts directly from the source of data generation – the IoT sensor. A private key located on the SIM card seals the IoT data. In the backend, these micro certificates are then stored in a so-called Merkle tree and anchored in public block chains. This creates an unchangeable and irrefutable data set for each individual sensor,.”