Blockchain brings time stamping to big data, which is much cheaper than previous versions of time stamping big data. Im surprised how many features you can build on that simple feature, Gilles Cadignan, chief executive and cofounder of Rennes, France-based Woleet , a Bitcoin blockchain-data anchoring company, said in a panel. This, of course, presumes that the data is accurate and trustworthy. Woleets service uses the Bitcoin blockchain to track, say, the provenance of pharmaceuticals to prevent counterfeiting. view publisher siteHe also noted, Even if Woleet disappears, the record of any data that the company has stamped onto the Bitcoin blockchain will endure as long as that ledger does. 2. The blockchain is likely to be useful in identity authentication. http://janluetzler.de/medicalinterview49796Though a number of issues would need to be worked out first, speakersacknowledged the promise that blockchain holds for identity. However, standards for entering verified data into the blockchain must be determined first. In one panel, John Geater, chief technology officer of Plantation, Florida-based Thales e-Security , an enterprise data protection company, made the point that the difficulty of putting a mistake in the ledger for identities is that ist not like recording $100 too much in one ledger entry and then later entering a $100 subtraction. For IoT, youre dealing with a different quality of information, he said.
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