Dr. Craig S Wright Explains How BSV Blockchain Will Bring Improved Internet Privacy and Security | Your money

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ZUG, Switzerland, March 10, 2022 (GLOBE NEWSWIRE) — nChain Chief Scientist Dr. Craig S Wright gave a keynote presentation on March 9, 2022, at the IEEE Blockchain Symposium, organized by the IEEE UAE Blockchain Group. In his keynote, Dr. Wright shared his insights on solutions that can help power the modern internet and connected devices by leveraging Internet Protocol Version 6 (IPv6) and the latest blockchain developments offered by nChain. .

Key takeaways from the presentation:

Potential new attack vectors can be removed by leveraging the BSV blockchain and allowing only authorized parties access to sensitive information. Using the BSV network as a base layer, blockchain applications deliver a new level of efficiency through integrated payment channels, including seamless facilitation of micropayments and strengthen privacy and security controls for IPv6 and cloud services. . “Secure Network Mobility” means that user devices, or clients forming the edges of the network, will not give unauthorized access to sensitive information, even when compromised, while preventing data loss. User location no longer presents an attack surface or software vulnerability, enabling a truly mobile cloud experience that protects user privacy.

Dr Wright commented: “With giant IPv6 blocks and Bitcoin payment channels, we have the path to a value-on-demand internet that can serve people with any income and anywhere in the world while protecting their privacy. This has always been the vision, and we are on the verge of realizing the empowerment that such a system will provide to individuals. Scale means everything.

Forming the new tagline anytime, anywhere, involving exchanging anything using IP addresses, RFID tags, and more, examples of blockchain applications that can take advantage of IPv6 include :

web server access, through which web servers can implement Bitcoin IP transaction functionality to charge clients for access; local link payments, where IP transactions would be useful when paying to someone near you; IP messaging, including any type of messaging (such as email); andpublic transport terminals, an IP address being able to be associated with a transport terminal allowing a traveler to pass on payment.

Dr. Wright’s keynote complemented the many other topics discussed at the event, including 5G, Internet of Things, Identity Management and Supply Chain Management.

More information about the IEEE Blockchain Symposium can be found here.


About nChain

Founded in 2015, nChain advances the potential of blockchain technology through continuous research and development of inventions, including maintaining a strong patent portfolio, and offering commercial solutions such as Kensei, a set of Developer friendly API built on the BSV blockchain. nChain also offers solutions in the digital payment space, as well as professional services that help businesses of all types benefit from blockchain technology.

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