Blocklet: Seamless Blockchain Connectivity for Industrial IoT Devices

Startup company Filament believes its new breakthrough in technology will change the languages of business as we know them.

Referred to as “Blocklet”, the chip and software was developed to allow Industrial Internet of Things (IIoT)-connected machines and devices to communicate fluently with a multitude of blockchain technologies.

For those unfamiliar, a blockchain is a series of recorded data interactions between two or more sources. For data to be recorded, and to enhance trust, all peers must agree on the exchange. IoT machines and devices are typically capable of communicating with each other wirelessly, and most of these communications occur over a secured network.

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Blocklet was created to combine the power of connected devices to aid businesses in using blockchains, while simultaneously creating secure, reliable data records. The new chip allows interaction between IoT machines and devices used in shipping ledgers and other recordable enterprises. To enhance the connectivity capabilities of industrial IoT, these devices utilize Filament’s new technology to transact and exchange values against a blockchain, and this blockchain technology works with IoT-optimized Trusted Execution Environments.

By using blockchain to interact with various devices along a shipping route, the Blocklet solution can track movements and record interactions that can be reviewed once shipments are recovered.

Filament CEO Allison Clift-Jennings released the following statement speculating on the future of the technology:

Worth noting is that Blocklet can communicate with a few types of blockchain, including Hyperledger Sawtooth blockchain. Filament hopes to expand its capabilities to incorporate Ethereum blockchain very soon.

Read the full story on our sister site ElectronicProducts.com