IBM Wins Blockchain IoT Patent for Autonomous Self-Servicing Devices Necessary to Their ADEPT System

Patent Awarded To IBM For Their Autonomous Self-Servicing Of Certain Devices, Which Are Necessary To ADEPT Environment

IBM, one of the biggest names in blockchain technology, recently applied for a new patent. This patent application was for a component in the network devices that permits autonomous self-servicing, which is part of the Autonomous Decentralized Peer-to-Peer Telemetry (ADEPT) environment. Originally, the patent application was filed in June 2016. However, the actual award of the patent did not happen until last week on September 18th.

The proof-of-concept (PoC) for ADEPT was first introduced as part of the company in March 2016. Involving a partnership with Samsung, the new protocol involves blockchain technology as part of the distributed network of devices. In Samsung’s words, the protocol is “a sort of decentralized Internet of Things (IoT).”

To discuss the patent filing, IBM explained, “IoT controllers are often centralized […] [with] different IoT solution vendors [providing] proprietary solutions that follow similar centralized architectures.” This statement suggests that the new architecture will be the reason behind lowered costs and improved efficiency in the company’s operations.

IBM specifically claims that the new devices will make it easier to be efficient in their decentralized network. It helps to diagnose the problem and automatically solve it for many different situations in the industry, like “self-diagnosis, predict[ing] equipment failure and anticipat[ing] service needs.” Furthermore, the filing says that the protocol will connect the first ADEPT peer to connect with others, which is “based on peer consensus.” Then, the first peer determines, “needs based on receiving diagnostics inputs.”

The protocol will be part of the decentralized system, ensuring the devices participate in self-servicing, which is then “based on foundational IoT trusted transactions in a peer-to-peer and decentralized manner.” Once established, the functions that it applies to could include distributed file sharing, peer-to-peer messaging, and autonomous inter-device coordination. These uses are necessary to “negotiate service contracts between trading partners.”

IBM has been working to establish a diverse reputation and use-case for blockchain technology. In fact, last week, CoinTelegraph noted that IBM has added another patent application to their list, but this one would help them maintain adequate privacy and security for drones on their blockchain. Another report, which came out last month, said that IBM was competing with Alibaba for having the most patents to date. Right now, IBM has 89, while Alibaba has 90.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,273FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

Strong Institutional Demand for Bitcoin, CME Becomes Second Largest BTC Futures Market

Bitcoin's price made a big shift this week as the bulls gained control of the market and pushed it past $13,000. A similar shift has...

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today