bitcoin creator Dr. Craig S. Wright will deliver a keynote address on tuesday april 12the at the IEEE 5G-IoT Blockchain Global Summit held in Rabat, Morocco. BSV has its sights firmly set on the data-intensive economy of the future, and Dr. Wright ensures that technical standards committees are aware of what is required to build a secure “economic layer” on systems of tomorrow’s electronic communications.
Dr. Wright will discuss BSV and its role in the Internet of Things (IoT), focusing on the impact of IPv6. The next iteration of the Global Internet Protocol aims to make digital communications faster and more secure, taking into account the hundreds of billions more connected devices that will come online in the coming years.
BSV Blockchain Association Founding President Jimmy Nguyen will follow Dr. Wright’s keynote address with a presentation titled “BSV Blockchain: Scaling Big for a Better Internet and a New World of Data.”
The IEEE 5G-IoT Blockchain Global Summit is a virtual event organized in Rabat, Morocco. The president of the IEEE Morocco Blockchain Group will open the proceedings, while other speakers It will discuss issues related to IPv6 and IoT, such as supply chains, faster wireless communications, and data/technical standards. It takes place during the Rabat Smart Cities Week events.
There are already about 14 billion devices on the Internet today, including human users and IoT devices large and small. Dr. Wright is particularly interested in seeing the BSV blockchain integrated with IPv6 standards, giving the Internet its long-awaited secure economic layer, or “an Internet of value on demand” that can transmit data between individual users ( humans or machines) end. -to end in any part of the world, maintaining the privacy of communications and the ownership and control of users over their own data.
He had initially designed Bitcoin along with the principles of IPv6; however, by 2009, Bitcoin had yet to prove its viability as a payment network, and Bitcoin’s end-to-end features were later removed from the protocol’s software. With BSV now traveling a separate path to the “Bitcoin” the world has come to know (but by restoring the rules of the original Bitcoin protocol), there is a great opportunity to further deliver on Satoshi’s original vision.
Interest in these features has led Dr. Wright to speak at several IPv6-related events. He made a presentation at the United Arab Emirates Blockchain Group Launch Symposium of the Institute of Electrical and Electronic Engineers (IEEE) at the University of Dubai in March 2022 and will also speak at the Global IoT Summit in Dublin, Ireland in June.
As these new technologies emerge, it is vital that they share pre-defined standards rather than having several competing ones. IPv6 has been developed to replace older IPv4, which (like some blockchains) has struggled to scale efficiently as demand increases.
To the general public, the most well-known feature of IPv6 is a nearly infinite range of unique addresses, compared to the much more limited pool of IPv4. However, Dr. Wright has pointed out that there are many more possibilities with regard to security and privacy, such as setting standards in data packet headers to facilitate key exchange and managing communications between individual devices.
BSV is well prepared to take on that role. Its network and blockchain are designed (and have been since before the launch of Bitcoin in 2009) to process as much data as the current Internet and much more. Its structure allows time stamping of all information and changes, while ownership and control of the data itself remain with its owner. This model, combined with BSV’s unlimited ability to scale, creates a true “data economy” where data itself represents value, unlike today’s Internet, which relies too heavily on advertising and private data harvesting/selling. on centralized platforms.
Watch: Dr. Craig Wright Addresses IPv6 and Blockchain Integration at The Bitcoin Bridge
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