Is IBM Planning To Conquer The Blockchain With The Worlds Smallest Computer?
IBM announced that it has developed the world's smallest computer. The processing core of the computer is said to be comparable to an early 90's cpu (K6-2 anyone?) , is about the size of a gain of sand, can monitor data such as location, orientation,temperatures and a slew of other extra-sensory data. The chip is also said to be designed from the ground up to be compatible with the blockchain.
“Within the next five years, cryptographic anchors — such as ink dots or tiny computers smaller than a grain of salt — will be embedded in everyday objects and devices,” says IBM’s Arvind Krishna. “They’ll be used in tandem with blockchain’s distributed ledger technology to ensure an object’s authenticity from its point of origin to when it reaches the hands of the customer.”
The applications for crypto-currencies being married to this new technology are endless. We could see secure wallets, stored value cards or even real coins, dollars and tokens arise from this. The news also bodes well for public acceptance of digital currencies as people will now have the ability to literally hold their STEEM dollars on the tips of their fingers. IBM has taken a huge initiative in supporting block chain technology. The question is, "Who's block are they on?" ... Penny for your thoughts!
is this in any relation with quantum computing?
if it is, it is believed to change the crypto and blockchain trends forever and bring them in to a new phase of usability. GOODBYE centralized world and lobbyist economists in wall street and JP Morgan :))
This is pretty fantastic, but quantum computing seems to be the bigger risk to current blockchain technology.
Hey digitaldruid, thanks for leaving a reply. Could you elaborate as to why you believe quantum computing would pose a bigger risk to current blockchain technology rather than current generation processors?
This article sums it up quite nicely. It's all having to do with the blockchain technology cryptos use today. All of them will have to change drastically when quantum computing becomes widely available.
https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/
Oh, THAT kind of risk. This level of computing wont be available for a while if at all for consumers. At least for now, If there is anyone out there cracking encryption with quantum computing technology today though, it should be easy enough to track down who the culprit is. Even if QC ever became truly widespread, something like hacking Blockchains would no doubt take a minimum of technical skill level and won't be something just anyone can do. I suspect we could have some people cloning coins similar to how today someone could use their iphone or other means to detail your magic stripe on your credit card. A smart man once told me that any "Money" needs to be backed by something else of value else it's worthless. Maybe the powers that be had it right all along with their bills and coins and bullion? I'd like to see a quantum computer decrypt one of those :)
such a little cutie :)
True, but some really nasty things can come in the smallest non-peculiar packages ;)
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Wow nice 👍🏻
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I read this on coin telegraph. Bill gates hates the idea but his company loves it haha
My question looking at this is about the size of all its support equipment. If this is essentially a Ras Pi (based on the built-in hardware) how much support hardware (power, cooling, i/o, etc) is needed and how big is it althogether?
Very interesting....I'm sure IBM has seen the amazing amount of value that blockchain technology can add to our lives.