Experts at IEEE Forum in Japan to discuss how IoT, 5G and blockchain can work together
Bitcoin is the ideal ledger for recording data from hundreds of billions of Internet of Things (IoT) devices. To look at what these devices are—and how they might be used—leading networking and blockchain technology experts will speak at the IEEE 8th World Forum on Internet of Things in Yokohama, Japan, in October-November 2022.
The list includes Bitcoin creator Dr. Craig S. Wright, IPv6 Forum founder and president Professor Latif Ladid, nChain CEO Hakan Yuksel, and Japan’s “Fader of the Internet” Dr. Jun Murai, moderated by Professor Dr. Hiroshi Esaki, of the university of Tokyo. They will give presentations and speak on a panel dedicated to IPv6-based 5G, IoT, cloud computing and blockchain networks. How these technologies interact and integrate with each other will define decision-making and economic activity in the world’s data-driven future.
Specifically, the sessions will discuss what these interactions should look like. They will identify gaps, make recommendations for existing and needed IPv6 standards, look at use cases and scenarios, and examine potential challenges where IPv6 meets blockchain, 5G wireless networks, cybersecurity, automated networks, and industrial networks.
Why IPv6 is necessary for future technologies
The newest version of the Internet’s communications protocol suite, IPv6, has been around for over 20 years. However, it is only in recent years that adoption has begun to take off. It first rose above 5% in 2014, but reached 30% in 2020 and has already passed 50% to date on a worldwide average.
Countries with the highest levels of IPv6 adoption in 2022 (at least among Google service users) include India, France, Germany, the United States, Saudi Arabia, Greece, and Japan.
This is partly due to the severely limited number of unique IP addresses available on the most widely used protocol, IPv4 (the last addresses were assigned about a decade ago, forcing many devices to share them) and the proliferation of smaller IoT devices that collect and share data. IPv6 has an almost infinite supply of unique IP addresses, allowing hundreds of billions of users and devices to have a unique address for the first time.
This has huge implications for Bitcoin and its feasibility as part of the “internet of value” – where data is a commodity, and payments of any size and frequency can be made at a tiny fraction of a US cent per transaction. IPv6 allows for direct IP-to-IP BSV payments, and the standards will allow embedded encryption and cryptographic key generators. This increases the privacy and security of human users and devices that communicate with each other, interact automatically and pay each other for use. In this way, the BSV blockchain can become the world’s trusted ledger and (time-stamped) universal source of truth.
Dr. Wright has spent much of 2022 spreading the Bitcoin word to Internet standards bodies, especially those related to IPv6. In addition, academics in the area, such as Professor Ladid and others, have taken an interest in what benefits Bitcoin technology can offer as the IPv6 protocol becomes widespread.
The entire IEEE program lasts 17 days at PACIFICO Yokohama. Within this programme, several specialized sub-programmes will include technical paper presentations, workshops, a plenary programme, industry forum and discussions for entrepreneurs, young professionals and women in engineering.
The Yokohama event will be a hybrid of in-person and virtual, meaning anyone can attend to hear the discussions. It runs from 16 October to 11 November 2022.
For more information, check out their website here.
Watch: Dr. Craig Wright’s keynote speech at the BSV Global Blockchain Convention: A Better Internet with IPv6 and BSV Blockchain
New to Bitcoin? Check out CoinGeeks Bitcoin for beginners section, the ultimate resource guide for learning more about Bitcoin – originally envisioned by Satoshi Nakamoto – and blockchain.
