Blockchain

Dr Craig S Wright explains how the BSV blockchain will bring

Dr Craig S Wright explains how the BSV blockchain will bring

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, hosted 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 bring enhanced privacy and security controls to IPv6 and cloud.
  • “Secure Network Mobility” means that user devices, or clients forming the edges of the network, will not provide 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.

Form the new slogan anytime anywhereinvolving the exchange of everything using IP addresses, RFID tags, etc., here are examples of blockchain applications that can take advantage of IPv6:

  • web server accesswhereby web servers can implement Bitcoin IP transaction functionality to charge clients for access;
  • local link paymentswhere IP transactions would be useful when paying to someone near you;
  • IP messaging, including any type of messaging (such as email); and
  • public transport terminalsan IP address that can be associated with a transport terminal allowing the passage of a traveler against 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.

You can find more information about the IEEE Blockchain Symposium here.

-ENDS-

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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