Craig Wright will deliver a keynote address at the 5th Global IoT Summit in June

Craig Wright will deliver a keynote address at the 5th Global IoT Summit in June

Dr. Craig Wright will be one of the keynote speakers at the upcoming 5th Global IoT Summit in Dublin, Ireland, opening the summit on day one alongside IPv6 Forum Chairman Latif Ladid.

The Global IoT Summit is an international conference established to attract and present cutting-edge research results on the Internet of Things (IoT). Backed by the German publisher Springer, it consists of keynote sessions, thematic workshops, presentations, exhibitions and more. This year, the focus will be on artificial intelligence, 5G and nanotechnology.

Dr. Wright is one of three keynote speakers along with IPv6 Forum’s Latif Ladid, a distinguished principal investigator who also chairs the IEEE ComSoC IoT subcommittee and is a member of the UN Strategy Council. He will also speak at the event Jorge Pereira, Chief Scientific Officer of the European Commission, where he is responsible for promoting and monitoring the deployment of IPv6.

Dr. Wright will deliver his keynote address on the first day as part of the summit’s opening ceremony.

Internet Protocol Version 6 (IPv6) will be at the heart of the summit in Dublin, and this is an area that Dr. Wright has been talking about extensively in recent months. This version of the Internet is intended to replace existing IPv4, which is limited in scale at a time when the Internet of Things is bringing hundreds of billions of devices to the Internet. As of 2021, there were approximately 14 billion interconnected IoT devices worldwide, and this number is projected to more than double in four years. Unlike IPv4, IPv6 is unrestricted and can scale infinitely to accommodate as many addresses as needed for the foreseeable future.

The BSV blockchain is in a prime position for integration with IPv6. As Dr. Wright revealed during the IEEE Blockchain Group Kickoff Symposium in March, he had even integrated it into Bitcoin originally in 2009. However, he backed out after those around him continued to raise concerns about its viability, and as the Dr. Wright CoinGeek’s The Bitcoin Bridge podcast, I shouldn’t have listened to them.

“IPv6 allows for end-to-end connectivity and that was part of the foundation of Bitcoin. Bitcoin is not a peer-to-peer network…it is an end-to-end communication platform that allows people to connect directly via IP to IP,” Dr. Wright told the IEEE Blockchain Group audience in Dubai. .

The integration of IPv6 with the BSV blockchain will create “an Internet of value on demand, which can serve people at any income level and anywhere in the world, while protecting their privacy,” he noted.

Latif Ladid of IPv6 Forum, who will also be giving a keynote address in Dublin, echoed Dr. Wright’s words, saying, “With IPv6 we’ll do it with BSV, that’s pretty clear to us, because that’s really the solution. for everyone because the cost is very low and the implementation is very efficient”.

Leading minds in the Bitcoin space are already working on the integration of IPv6 and BSV. One of them, BSV Blockchain Association engineering director Jad Wahab, told CoinGeek Backstage that IPv6 would allow Internet users to send large data packets while improving their security.

With BSV, you can add micro and nano payments to this hugely expansive iteration of the Internet. These payments will also bolster security, Wahab said.

“If you add a payment layer, the attacker would easily use up all his money trying to attack the system,” he explained. This is the security model that Dr. Wright built into Bitcoin in which users are incentivized to protect the system.

And it’s not just security that IPv6 provides, it also supports scalability, enhanced authentication and privacy, simplified headers, and faster QoS and processing capabilities. But as Dr. Wright told the audience at the University of Dubai, we only get these benefits if we do it right.

Watch: IEEE Blockchain Symposium 2022 Highlights: Building a Better Internet with IPv6

New to Bitcoin? Take a look at CoinGeek bitcoin for beginners section, the definitive resource guide for more information on Bitcoin, as originally conceived by Satoshi Nakamoto, and blockchain.

Leave a Comment