Madrid, March, 24, 2021. Telefónica Tech,the Unit that encompasses the digital businesses of Cloud, Cybersecurity andIoT & Big Data & Blockchain; Fibocom Wireless Inc., a leading global supplier of wireless communication modules and solutions in the sector of IoT, and aitos.io, a technology start-up focusing on the integrated innovation of IoT and Blockchain have signed a collaboration partnership to create joint solutions combining IoT and Blockchain technologies.
The adoption of Internet of Things technology is growing quickly, and it’s predicted that by 2025 there will be 55.7 billion connected devices in the world collecting information. So, it is becoming critical for companies to ensure the veracity of the information that the devices collect, but also the identity of the devices, their integrity and that they have not been tampered with. Blockchain emerges as the right technology that can help to verify the information, as well as mitigate the scalability and security issues associated with IoT.
This collaboration has started with the creation of a Proof of Concept to integrate the software implemented by aitos.io, BoAT blockchain application framework SDK, Fibocom’s 5G devices and the Telefonica Tech’s TrustOS platform. As a result, we have accomplished the first 5G IoT Blockchain integration success story in a matter of weeks, thanks to TrustOS and its identity module, TrustID, that easily connects with blockchain technology and enables the device to directly interact to the blockchain ledger eliminating any type of intermediary. It confirms Blockchain's potential to complement other technologies such as the Internet of Things or 5G.
Internet of Things brings us a link betweenthe physical world and the digital world, and combined with blockchain technology provide us an increased transparency and an efficient way of tracing and verifying any kind of information gathered by the sensors embedded in the devices. 5G technology low latency and ubiquity enables the IOT Blockchain-backed solutions to record immutable evidence of what is going on surrounding the devices with zero infrastructure in real time. This cannot only be applied to industry 4.0 use cases like supply chain management or manufacturing processes monitoring. Thanks to this implementation and howTrustOS manages the authentication and access to the system, it’s possible toavoid unauthorized tampering or unexpected updates.
Jose Luis Núñez, Head of Blockchain inTelefónica Tech, stays: "The convergence of two technologies such as IOT and blockchain plus 5G connectivity is inevitable. As connected device smultiply, it is critical to demonstrate the trustworthiness of the informationthat devices exchange. Blockchain can play a relevant role to build trust in these ecosystems. This proof of concept is the first successful case where itis demonstrated that Blockchain technology adds value and adds that extra layer of trust to operations. Telefónica is very excited about this collaboration with aitos.io and Fibocom and we look forward to continue advancing and positioning ourselves with this type of solutions in Industry 4.0”.
Ronnie Cohen, SVP sales & Business Development of Fibocom, declares: “We are glad and proud to collaborate with Telefonica and aitos.io on introducing this cutting edge blockchain technology for the Internet of Things (IoT). “This unique synergy with Fibocom’s advanced 5G module integrated with aitos.io BoAT SDK + TrustOS and implemented via Telefonica Tech’s 5G networks marks a new IoT era where securing the data is no longer anice option to have - it is a must. We are ready to support Telefonica and aitos.io with enabling innovative blockchain solutions via its various wireless modules ranging from 4G all theway to 5G”.
Leo Lin, CEO of aitos.io, says: “We areproud to cooperate with Telefonica Tech and Fibocom to promote the concept of Blockchain IoT module globally using our BoAT blockchain application framework embedded into Fibocom's 5G IoT Module to easily access Telefonica's TrustOS Blockchain network and TrustID decentralized Identity service. This PoC buildsupon the successes of integrating the Internet of Things with the Blockchain to prove monetized value with data ownership, integrity and provenance. We are looking forward to expanded cooperation with Telefonica and Fibocom to enable more and more IoT devices with strong cryptographically verifiable decentralized identity of their origin on the blockchain which will build ingreat value for trust and identity in broadening Industrial IoT sectors for Industry 4.0".
