IoT Startup Filament Introduces First Blockchain Hardware Device 9246
News
Sharat Chandra
May 15, 2018 at 2:13 AM

Filament creates blockchain hardware and software solutions for the enterprise and Industrial Internet of Things (IIoT). The startup has dedicated itself to ensure that the Internet of Things (IoT) is secure and scalable. It has unveiled its latest "its latest Blocklet™ hardware device in a Universal Serial Bus (USB) form factor, designed specifically to enable existing industrial and enterprise machines to securely execute transactions on a blockchain."

“We introduced our Blocklet Chip earlier this year and are now excited to unveil our Blocklet USB device, which makes it possible for existing Industrial IoT machines to become trusted economic engines,” said Allison Clift-Jennings, CEO, Filament. “Many organizations have machines, devices, and equipment in the field today that are built to last a decade or more. This shouldn’t be a barrier to reaping the benefits of blockchain technology today. The Blocklet USB device provides a much faster starting point, enabling those existing devices to become more valuable by allowing them to communicate and transact with each other, and with automated smart contract based systems.”

The whitepaper of the company states, "One of the innovations we’ve been using for some time in the field is a secure contract system designed for embedded devices named Blocklet™. It manages a cryptographic chain-of-custody all the way from individual components through printed circuit board (PCB) assembly, product manufacturing, delivery to customers, and on-site provisioning."

Filament is blending best-of-world embedded security hardware with the next generation of Trusted Apps designed on blockchain platform.

 

Image via Filament Twitter Page