Chapter News

Blockchain's role in Internet of Things (IoT) and in the STO Financial Revolution

A VIRTUAL MEETING

Date: Thursday, August 27, 2020
Time: 6:00PM to 8:00PM Presentation (Pacific time)

Speakers:
Alex Nascimento, MA, MBA -- Author, Co-founder of Blockchain at UCLA, and Faculty Member UCLA
Dr. Gowri Ramachandran -- Senior Research Associate at USC Viterbi Center for Cyber-Physical Systems and IoT and Autonomous Networks Research Group

Place: Virtual meeting via ZOOM
Cost: FREE for all with Advance Registration

Registration in advance on Zoom IS REQUIRED.

Current Trends in Blockchain Technology

Blockchain has been one of the most hyped technologies on the planet, but it is now being leveraged in almost every industry, including supply chain, prescription medicine, financial applications, and by smart cities.
Gartner has predicted that the banking industry will derive $1 billion of business value from the use of blockchain-based cryptocurrencies by 2020. Smart contracts and STO are creating a revolution.

Blockchain’s data-centric nature has great value when utilized with Internet of Things (IoT) connectivity and artificial intelligence (AI). This has been referred to as the convergence of the Trinity of Digitization (Blockchain + AI + IoT). According to IDC, 51% of businesses will be transitioning to AI with blockchain integration. AI adds speed, and blockchain adds security to IoT.
AITP-LA is fortunate to bring you two highly-qualified speakers, Alex Nascimento and Dr. Gowri Ramachandran, with diverse expertise to discuss blockchain trends and implementation today..

STO Financial Revolution
Blockchain is not only Bitcoin. This technology promises to revolutionize the management of sensitive data across all industries and is being incorporated into banking, government, science and more. Find out where, how, and who is developing and implementing this radical technology and why there is so much interest.
Alex Nascimento, will discuss the key benefits of security tokens – such as cost reduction, automated dividend payment, startup fundraising, and the secondary market – and will explain their ecosystem, including custody, issuance platforms, trading platforms, broker-dealer, and compliance.
Alex will share insights on blockchain as foundation for secure development as well as practical applications such as smart contracts being implemented today. He will also discuss compliance across international jurisdictions.

IoT, Ai, and Blockchain – Trinity of Digitization
Blockchain has applications for Internet of Things (IoT) and smart systems, beyond financial applications. Dr. Gowri Ramachandran will share what is becoming possible, and will discuss how blockchain is being incorporated into IoT devices and ecosystems.
IoT opens up countless opportunities for businesses to run smart operations; incorporating blockchain can make the systems efficient and very secure. IoT devices can send data to private blockchain ledgers for shared transactions with tamper-resistant records.

Gowri will provide some current examples:
Supply Chain and Logistics -- Vehicles are now IoT-enabled to track movement throughout the shipment process. GPS and temperature sensors provide details about the status of shipments. Through the Blockchain, stakeholders in smart contracts get secure, real-time access to the data.
Smart Cities -- Blockchain is an enabler of next-generation infrastructure. Smart cities utilize IoT for lighting, energy usage, and parking management. The City of LA utilizes a parking application which accepts cryptocurrency as payment.
Sharing Economy -- The Sharing Economy has become a widely adopted concept around the world. Blockchain is helping create decentralized, shared economy applications. The City of LA is facilitating a data marketplace where IoT device owners can sell data, like temperature sensor data, to developers.

Gowri will also provide insights into Blockchain-IoT design, including:
• Leveraging blockchain immutable storage to track sales and purchases.
• Streaming data payment protocol (SDPP) – which enables a buyer and seller to easily connect and transact with each other using micropayments for streaming IoT data.
• Finity – a blockchain-based communications framework for exchange of data to others in the application ecosystem.

Join us to learn how this rapidly-evolving technology will be transforming the business landscape.

 ZOOM REGISTRATION IS REQUIRED.

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