Individual companies who are proposing projects have the freedom to work with whatever technology stack that they prefer.
The selection committee has board independence to make small grant award decisions. Projects with strong industrial use case access, multiple TIoTA members, and in-kind support will receive stronger consideration.
The products of the Alliance will be Apache 2.0 license. Members are expected to make their own IP decisions related to products developed outside the Alliance’s active funding but related to the space.
The Alliance will promote technologies that have been successful for our members. We are agnostic towards specific blockchain technology stacks like Hyperledger Fabric, Ethereum, Quorum, BigChain DB, etc...
TIA membership is open to all. Either as paid member of the selection committee or as contributor towards an alliance project.
Lower cost, more focussed on use cases, and business opportunities in the Blockchain and IoT space are in their infancy.
If we would have called it the Blockchain IoT Alliance, it’s not immediately clear what the value proposition is. The group selected the term “Trusted IoT Alliance” because when we mash-up the IoT + Blockchain concepts, what we get is aTrusted IoT, and we wanted the main benefit or value proposition of our work to be immediately visible to Fortune 50 CEOs.
Moreover, the word ‘blockchain’ is not in the title because we are unsure of the persistence of the term ‘blockchain’ in this fast-evolving technology landscape. In 2013 the buzz term was ‘Bitcoin’, in 2014-16 ‘blockchain’ became more common, and now in 2017 the term ‘DLT’ or ‘Distributed Ledger Technology’ is gathering momentum. DLT is being used as an umbrella term to describe both permissioned and public ledgers, and could possibly displace the use of the term blockchain, hence our caution.
Blockchains have been famously described as trust machines. Blockchain tech applies distributed systems engineering and cryptography to encode notions of human trust.
Thus far, the Internet of Things has been deployed without much trust in the provenance of device identities, integrity of device software, or verifiability of device data.
The primary purpose of the Alliance is to leverage the blockchain and other security technologies to introduce trust into IoT, to leverage the automation potential of trusted IoT sensors with smart contracts, to evaluate the ROI of use cases enabled by trust, and to create common open source methods in the smart contracts as a system of lego blocks to achieve compounding growth in the space.