Isle of Man Tests Blockchain Prototype for IoT



The government of the Isle of Man has announced its latest blockchain proof-of-concept.

Profiled today in Financial News, the project is a collaboration with blockchain startup Credits that finds the two partners exploring whether the technology can be used to help keep Internet of Things (IoT) devices from being compromised.

Credits co-founder Nick Williamson told the new source that the idea behind the project is to assign unique identities to physical items, thereby creating a way of affirming their authenticity.

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