Blockchain technology, initially confined to financial markets and payments, is now making significant inroads into healthcare, medical, supply chain, and various other sectors. Enthusiasts and platforms are exploring the vast potential of Distributed Ledger Technology (DLT) with innovative applications.
IoT’s Role in the Digital Revolution
The Internet of Things (IoT) has seamlessly become an integral part of daily life, with smart devices like refrigerators and air conditioners simplifying once-demanding tasks. Industrial revolutions, notably the digital revolution, marked the digitalization of data, bringing unprecedented information dissemination. However, concerns over data security and control emerged, prompting the ongoing fourth revolution.
Blockchain’s Ascendancy in the Fourth Revolution
The fourth revolution, spearheaded by emerging technologies like blockchain, aims to establish secure digital transactions, a decentralized ecosystem, and protected transfer and use of personal data. IoT, acting as the captain of this transformative ship, is set to redefine human-to-machine relations and enhance physical device intelligence. Artificial Intelligence (AI) will further fortify this leadership, ensuring profound navigation.
Decentralization as the Foundation
Despite the transformative potential, it is evident that the current centralized governance system may impede the full realization of such robust technology. The advanced data, encompassing human habits, retina scans, and voice data, poses potential threats if not managed properly within a decentralized protocol. Establishing a decentralized foundation becomes imperative for the successful implementation of this burgeoning technology.
Augmate’s Journey Towards Secure IoT
Commencing in 2014 as a device management platform for Augmented Reality (AR) glasses, Augmate became one of Google’s early partners in the Google Glasses venture. Recognizing the need for control in a rapidly evolving landscape, Augmate introduced the Wearable Environment Manager (WEM) in 2015. This policy-driven platform, earning patents and securing partnerships with industry giants like Toyota and UPS, identified blockchain as the solution to enhance the centralized architecture of IoT devices.
Strategic Partnership with 0Chain
In a quest to expand its use cases, Augmate extensively researched blockchain protocols aligning with its vision. The search culminated in a strategic partnership with 0Chain, a move aimed at fortifying the network and adding substantial value. Leveraging 0Chain’s unique features, including parallel chain creation and thread integration, Augmate aims to achieve high scalability, instant finality, and reduced latency. With 0Chain’s infrastructure, capable of handling 1 million transactions per second, Augmate anticipates meeting the escalating demands of IoT devices in the foreseeable future.