Nitin Dahad, EETimes
8/1/2018 00:01 AM EDT
LONDON — An organization developing what it claims is the world’s first blockchain chip and a network of hyper-scalable blockchain IoT networks to create an “intelligent machine economy” has taken on a number of former Qualcomm engineers to develop the chip and the ecosystem.
The Skynet project, launched by the OpenSingularity Foundation, envisions a network of intelligent machines (as in the movie “Terminator”), utilizing blockchain, IoT, and AI to create secure trusted networks of devices that can intelligently communicate with each other autonomously and on a large scale. The organization says that this will enable billions of interconnected identifiable IoT devices to participate effortlessly in a global machine-to-machine (M2M) economy powered by self-organizing AI networks with data integrity facilitated by blockchains, which provide solutions for device identity, secure decentralized micro-payments, and trusted communication.