A trusted IoT, or an Internet of Trusted Things, needs to be built private-by-design and with peer-to-peer, blockchain-based device identity and coordination built-in. Once each device is de-coupled from a central authority, broad, decentralized coordination becomes possible. The Internet of Trusted Things looks like the vast intelligence we introduced at the beginning of this article. A central authority owning IoT is a horribly dystopian idea, and the current fractured landscape represents a defense mechanism against this future. If we are to achieve a unified IoT, there is only be one answer to the question, “who owns this new digital organism?” And it is the same answer to the question of “who wins IoT.” The answer is: you do.
Jones, 51, didn’t go to college until his thirties and worked three to four jobs after graduating to support his painting career. Today, he still leads a relatively quiet life with his wife outside Edinburgh, Scotland. To him, his journey in the NFT art world has been “a crazy success story.”
“It started with being depressed at 30 and deciding to do an art degree,” he says, “to [becoming] an overnight sensation.” His rise is emblematic of the transformative effect the recent NFT boom has had on artists’ lives. Far from an abstract internet phenomenon, NFTs are responsible for some becoming millionaires – in the exclusive art world no less, where it’s not easy to get rich.
In its simplest form, decentralisation means that no single power has exclusive control over the data or its processing. In the context of blockchain, this is achieved because the data is also distributed, ie, it is stored at each individual node in the network and not a single location. In terms of clinical trials, decentralisation means that it is not happening at a single central site; instead, it may be a multi-centre trial or be using connected technologies to enable participants and investigators to report remotely – while remaining within the overall structure of scientific and regulatory controls.
“Altcoin season,” or “alt season,” is a meme for the idea that bitcoin returns move cyclically against other crypto assets, or “altcoins,” as in, alternatives to bitcoin. The notion is that investors take their bitcoin profits and play the altcoin casino with house money, and vice versa.
There’s evidence to support that theory, at least anecdotally. In the fourth quarter of 2020, for example, bitcoin outran everything in the Digital Large Cap Index (DLCX), an index that represents 70% of the crypto markets’ value. The DLCX is replicable for U.S. institutional investors, and it’s updated every second by CoinDesk’s subsidiary company, TradeBlock.
DeFi data network Unmarshal recently raised $2.6 million in a funding round in order to build a multi-chain data indexing protocol.
According to Unmarshal the fundraising event was largely successful due to the immense support it received from the top industry players. It will channel the funds to create a data indexing protocol that will be able to adequately meet the needs of the entire Decentralized Finance (DeFi) ecosystem. It focuses on providing decentralized applications (dApp) with unrestricted access to data on any form of blockchains.