When the Internet of Things meets the Blockchain
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The document discusses the intersection of IoT and blockchain technology, highlighting the potential changes in contractual structures and ownership issues in a trillion-dollar market. It raises critical questions regarding data ownership, liability, and which blockchain model (permissioned vs permissionless) is appropriate for IoT applications. While blockchain could enhance IoT security, its implementation must be carefully managed to address legal and operational risks.
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When the Internet of Things meets the Blockchain
- 1. Giulio Coraggio Partner - DLA Piper Giulio.Coraggio@dlapiper.com When the IoT meets the blockchain
- 3. Software is eating the world by Marc Andreessen
- 4. Tyres as a serviceTyres as a service
- 5. The IoT is changing the contractual structure
- 6. A TRILLION DOLLAR BUSINESS WITH SOME RISKS WHO OWNS THE DATA? WHO IS LIABLE FOR A MALFUNCTIONING? WHICH RULES SHALL APPLY??
- 8. Is the blockchain the solution for the IoT?
- 10. But which blockchain shall be used? permissioned vs permissionless FASTER CONTROLLABLE/PRIVATE PRIVATE MEMBERSHIP LEGALITY SLOWER PUBLIC OWNERSHIP OPEN AND TRANSPARENT AT RISK OF ILLEGALITY
- 11. The blockchain can make IoT secure, but needs to be done properly Giulio Coraggio Partner - DLA Piper Giulio.Coraggio@dlapiper.com