Impact of Distributed Ledgers on Provider Networks

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Presented by

Xinxin Fan (IoTeX), Michael McBride (Futurewei), Dirk Trossen (Huawei)

About this talk

We’ve all heard of the various cryptocurrencies, such as Bitcoin and Ethereum, which rely on distributed ledger technologies (DLTs), such as blockchain, to provide decentralization and immutability. Industrial companies use DLTs for everything from shipping-container tracking, vehicle identity and history, to energy trading and farm-to-store tracking. But what about the operational impact of these peer-to-peer distributed ledgers on the service provider network, for example, in terms of network load? Are there certain architectures that work better than others? Conversely, are there any opportunities for service providers to leverage DLT’s to provide additional services or improve the network’s overall performance, for example, managing routing state, user membership information, or others? We analyze here how blockchains affect a service provider network.

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The Industry IoT Consortium is a global, member-supported, organization that promotes the accelerated growth of the Industrial Internet of Things by coordinating ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data using common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.