The Internet of Things is currently an extremely fragmented market, where a thermostat may connect to a smartwatch, but is unable to connect to a Smart TV or connected door lock.
To reduce fragmentation and improve security, Chronicled, a smart tag authentication startup, has open sourced a program—based on the Ethereum blockchain—that registers IoT devices in an open database.
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Using the same methods as Bitcoin to verify a buyer’s identity without revealing personal information, Chronicled’s IoT database can verify any device that has a smart sensor inside