The companies want to deliver a new level of trust and control for cities and provide municipal and commercial clients with unaltered and traceable data that ties back to its original source.
Internet of Things (IoT) data exchange company, Terbine, and Flash Labs Corporation, an affiliate of Hyundai BS&C, are partnering to bring blockchain-based security to sensor data that moves within and between smart cities.
The companies claim that their two offerings will provide a new level of trust and control for cities and clients connecting infrastructure data. The aim is to provide municipal and commercial clients with unaltered and traceable data that ties back to its original source.
Terbine is enabling the Internet-of-Infrastructure through a data exchange comprised of data generated by sensors, machines and systems. It explains that its platform acts in the same way as air traffic controllers, “managing the movement of data just like the movement of airplanes”.
The applications for smart cities reach beyond municipal systems into commercial uses, such as safety for autonomous vehicles, feeding information into augmented reality (AR) displays, smart grids, electric car and truck-charging networks, routing autonomous mobile robots, delivery drones, and more.
Flash Labs is made up of experts in the IoT and blockchain, developing solutions focused on the security, sanctity and usability of data. In conjunction with its Hyundai BS&C affiliates, it claims to offer “best of block” blockchain development and consulting services to integrate IoT hardware and software products into public or private blockchains.
“Machine-generated data that cities produce is often utilised in mission-critical applications that affect the safety, security and quality of life for their citizens,” said Michael Woods, CEO and COO of Flash Labs. “By combining our expertise and technologies with Terbine’s, we can ensure a city’s infrastructure data is handled efficiently, in a secure, trustworthy manner.”
Data has more value when the recipient trusts the source and the partnership aims to build upon an efficient data exchange to offer greater sanctity of data. The companies explained that working in tandem, what’s produced and consumed by machines will be given context and made discoverable by processes, systems and people that will help build a smarter society.
“We have overcome the major issues that have thus far limited the widespread usage, and even monetisation, of infrastructure data,” added David Knight, CEO, Terbine. “By leveraging emerging technologies, including AI, 5G, blockchain and edge computing, we’re going to make data accessible by current and next-generation applications, and it will be as straightforward and ubiquitous as mobile apps.”
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