Thiruvananthapuram: The introduction of cryptocurrency like IOTA will fuel many disruptive innovations challenging both conventional businesses and governance systems, said Michael Gord, blockchain guru and founder of MLG blockchain academy.
He was addressing a one-day conference on the Internet of Things (IoT), jointly organised by the Indian Institute of Information Technology and Management-Kerala (IIITM-K) and Kochi-based Electronics Incubator Maker Village at Park Centre, Technopark here recently.
Gord, who was the special guest at the event, spoke on the topic, ‘Potential Opportunities and Future Prospects of Blockchain.’ He addressed the audience connecting the IoT and the blockchain with his experience on decentralised IoT. IOTA is a cryptocurrency designed for the IoT. Michael Gord is also an Advisory Board Member of BEN (Blockcahin Education Network), a global network of blockchain communities.
Dr. Saji Gopinath, Director, IIITM.K inaugurated the event, which was attended by Technopark community, students, IoT enthusiasts and young entrepreneurs.
Jithin Krishnan, Scientist, Sree Chithira Thirunal Institute Medical Science and Technology, introduced the gathering to the innovations in healthcare on IoT. Pramod Potti, Associate Director of Ernst & Young, presented his views on IoT and its applications in consumer products in the context of supply chain and operations.
Manoj Kumar, Senior Specialist from Tata Elxsi, spoke on the applications of IoT in the automotive sector. Besides, a panel discussion, moderated by Prof. Rajeev Srinivasan, Adj Faculty – IIMB, on emerging trends of IoT was held.
A product demo session was also arranged to showcase the products developed in Maker Village by the incubated companies.
Meanwhile, the city-based IIITM-K is all set to launch its proposed Kerala Blockchain Academy (KBA) soon. According to Dr Asharaf S, Associate Professor, IIITM-K, the KBA will act as a window to the wonderful world of opportunities in blockchain technology for students, young professionals, budding entrepreneurs, local industry and governmental agencies.
Further, in collaboration with BEN, the best-in-class blockchain experts and researchers group across the world, KBA plans to explore the possibilities of leveraging blockchain technology for public good, capacity building initiatives and promoting disruptive innovations and entrepreneurship with blockchain technology, he added.