6/20/2016 the internet of everyone - eema · 2018-11-27 · 6/20/2016 1 1 please copy and...

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6/20/2016 1 www.chyp.com Please Copy and Distribute 1 The Internet of Everyone Else’s Things Or “Time for some new thinking on IoT” Trust in the Digital World The Hague June 2016 www.chyp.com Please Copy and Distribute David G.W. Birch Director of Innovation at Consult Hyperion An internationally-recognised thought leader in digital identity and digital money; Named one of the global top 15 favourite sources of business information (Wired magazine); In the London FinTech top 3 most influential powerlist (City A.M.) One of the top ten Twitter accounts followed by innovators, along with Bill Gates and Richard Branson (PR Daily); One of the top ten most influential voices in banking (Financial Brand); Named one of the "Fintech Titans" (NextBank); Voted one of the European “Power 50” people in digital financial services (FinTech Awards); Ranked Europe’s most influential commentator on emerging payments (Total Payments magazine). 2

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Page 1: 6/20/2016 The Internet of Everyone - EEMA · 2018-11-27 · 6/20/2016 1 1 Please Copy and Distribute The Internet of Everyone Else’s Things Or “Time for some new thinkingon IoT”

6/20/2016

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www.chyp.comPlease Copy and Distribute1

The Internet of EveryoneElse’s Things

Or

“Time for some new thinking on IoT”

Trust in the Digital WorldThe Hague

June 2016

www.chyp.comPlease Copy and Distribute

David G.W. BirchDirector of Innovation at Consult Hyperion

An internationally-recognised thought leader in digital identity and digital money;

Named one of the global top 15 favourite sources of business information (Wired magazine);

In the London FinTech top 3 most influential powerlist(City A.M.)

One of the top ten Twitter accounts followed by innovators, along with Bill Gates and Richard Branson (PR Daily);

One of the top ten most influential voices in banking (Financial Brand);

Named one of the "Fintech Titans" (NextBank);

Voted one of the European “Power 50” people in digital financial services (FinTech Awards);

Ranked Europe’s most influential commentator onemerging payments (Total Payments magazine).

2

Page 2: 6/20/2016 The Internet of Everyone - EEMA · 2018-11-27 · 6/20/2016 1 1 Please Copy and Distribute The Internet of Everyone Else’s Things Or “Time for some new thinkingon IoT”

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Consult Hyperion…

3 20/06/2016

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A Challenge: What’s Next?

4 20/06/2016

The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indistinguishable from it.

Mark WeiserScientific AmericanSeptember 1991

Page 3: 6/20/2016 The Internet of Everyone - EEMA · 2018-11-27 · 6/20/2016 1 1 Please Copy and Distribute The Internet of Everyone Else’s Things Or “Time for some new thinkingon IoT”

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Connection is Easy

Telegraph, telephone, radio, satellite, fibre optic, wifi, Bluetooth, RFID, NFC etc etc5

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But… Disconnection is Hard

Doors are simple, locks are complicated.6

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Case Study: Waze and Means

If your pants could talk, what would they say about you?7

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Case Study: Whiskey in the Jar-O

Good? Bad?8

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Case Study: Talking Pants

If your pants could talk, what would they say about you?9

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So…

10

Low-power devices with no cryptography

No tamper-resistant memory for keys

Intermittent connections

In the attackers domain

Without upgrades or patches

Your light bulb is not going to negotiate electricity prices any time soon

Page 6: 6/20/2016 The Internet of Everyone - EEMA · 2018-11-27 · 6/20/2016 1 1 Please Copy and Distribute The Internet of Everyone Else’s Things Or “Time for some new thinkingon IoT”

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Where to Focus?

Identification, authentication and authorisation

Of people and their things

But the things can’t do cryptography

So we need to manage virtual things, not the things themselves

Wait…

What if there was a new way to manage these virtual things?

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Putting My Pants on the Blockchain

Implement the identity of things as a layer on the blockchain12

Dave’sPants

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The Private Life of Things

The private life of things as a shared ledger implemented on a blockchain13

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But Why Bother?

Applications14

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Smart Pants

Implement the identity ledger as a layer on the blockchain (eg, Blockstream)15

Dave’sPants

OtherPants

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Contact

16

Browse www.chyp.comFollow @chyppingsMail [email protected] http://www.chyp.com/media/blog/Listen http://www.chyp.com/media/podcasts/

Consult Hyperion UKTweed House, 12 The MountGuildford, Surrey GU24HN, UK.+44 1483 301793

Consult Hyperion USA535 Madison Avenue, 19th FloorNew York, NY 10022, USA.+1 888 835 6124