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Chronicled, Qtum Foundation collaborate to combine blockchain and IoT

The Qtum Foundation and Chronicled are teaming up to combine the Internet of Things (IoT) with Blockchain technology, in order to develop real-world use cases integrating smart devices with a secure distributed ledger back end.

The initiative will take place in collaboration with researchers at the University of California, Berkeley. Together, Qtum and Chronicled will work to define and support a roadmap of fundamental research at UC Berkeley, developing post-quantum applied cryptography, zkSNARK-based privacy-preserving smart contracts, and zero knowledge proofs for large computations.

"The partnership with Chronicled and UC Berkeley represents the frontier of innovation in IoT, smart contracts, and privacy for enterprise applications. We are delighted to be partnering with some of the strongest researchers and innovators in the world who are leading enterprise implementations," said Qtum Foundation founder Patrick Dai.

Qtum is developing a blockchain data network in Asia using a hybrid model that combines the UTXO transaction model with a virtual machine layer for smart contracts. According to the official release, Chronicled will pursue development of smart contracts to integrate IoT device registrations on the Qtum blockchain.

A UC Berkeley research team is current looking into using applied cryptography to develop solutions for identity, ownership, and provenance validation along with other use cases at the intersection of blockchain and IoT. Through collaboration with Chronicled and Qtum, they expect to devise real-world use cases and gain further insight.

Both Chronicled and Qtum are members of the Trusted IoT Alliance, a consortium of companies ranging from startups to Fortune 100 enterprises supporting a secure, scalable, interoperable, and trusted IoT ecosystem.

"We have been collaborating with the team at Qtum for almost a year through the Trusted IoT Alliance, and we are excited to bring the latest IoT integration capabilities to Qtum," said Chronicled CTO Maurizio Greco. "We see a future where trusted device provisioning, authentication, data logs, and payments are just around the corner."

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