THELOGICALINDIAN - Berlinbased startup Jolocom jolocomcomhas appear it is in talks with several above companiesto accompany blockchain abstracts administration into the mainstream
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Jolocom: Blockchain is ‘First Step’ to Decentralizing the Internet
Jolocom, while still at the planning date with a ancestor set for absolution at the end of the year, wants to amalgamate blockchain with internet of things (IoT) appearance customer interconnectivity.
“It’s an addendum of hyperlinking,” architect Joachim Lohkamp told Quartz, “But instead of bond abstracts or webpages, you’re bond data.”
Jolocom, in essence, aims to accomplish accustomed customer abstracts administration processes beneath authoritative and physically tiresome. Users would download an app and attach a “web ID” in adjustment to accelerate and accept packets of data. These could be medical records and analysis after-effects for a doctor’s appointment, for example.
Much like a cryptocurrency blockchain sends packets of transaction data, so Lohkamp is designing a decentralized arrangement for non-financial data. This is agnate in convenance to actual operations such as uBITquity and startups application the blockchain for affidavit of buying of acreage and assets.
Lohkamp is one advocate in a burghal acceptable added and added alert by the affiance of decentralized technology.
“Blockchain is the aboriginal footfall to decentralizing the internet, to active in a actual altered apple area all the questions about big abstracts and trusted third parties become irrelevant,” he added.
IoT in Good Company
Berlin is acceptable home to a range of avant-garde startups in fintech, while Germany as a accomplished has been seeing some absorbing industry firsts involving disruptor banks and Bitcoin.
In May, the burghal played host to the GTEC awards, the artefact of a blockchain-focused bunch of German companies handing out banknote prizes to avant-garde startups.
“If Blockchain startups appetite to ability the accumulation bazaar they charge to focus on approved marketing, stripping all best of the air-conditioned tech abracadabra that best consumers don´t affliction about,” Christoph Hering, CEO of one startup, which alternate in GTEC told Bitcoin.com at the time about the bounded atmosphere.
Lohkamp looks to be accomplishing aloof that, arena bottomward circuitous abstruse processes in favor of boilerplate appeal. Earlier this month, Jolocom’s ancestor was in advance at a affair of AGILE, an internet of things affairs adjourned by the European Union.
Lohkamp is additionally an alive actor in Ouishare, a association of commentators anecdotic itself as a “think and be-tank for a collaborative society,” which looks to appraise and aftereffect amusing change, alteration amusing structures in abundant the aforementioned way Jolocom aims to application the blockchain.
[Editor’s note: Jolocom is currently not in talks with Philips and the commodity has been adapted to abolish this inaccuracy.]
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Images address of ouishare.net, iotworm.com, digitaltrends.com
