Peer-to-peer blockchain: Scaling with IPv6-based new internet
The post Peer-to-peer blockchain: Scaling with IPv6-based new internet appeared on BitcoinEthereumNews.com.
At the London Blockchain Conference 2024, IPv6 Forum President Latif Ladid moderated a panel on how IPv6 and blockchain technology will change the internet. The panelists include Jake Jones, Head of Infrastructure and Business Program Manager at the BSV Association; Ralph Wallace, IPv6 Lead at Raptive Resources; Hugo Feiler, Founder of Co-Founder of Minima; and Greg Ward, CTO and Co-Founder of SmartLedger Solutions. End-to-end communication Ladid opens the panel by explaining the key points of IPv6: it enables true end-to-end connections between people. It empowers people and disempowers monopolies by enabling people to have their unique IP addresses for every device. Right now, IP addresses are owned by routers and services, relegating most of us to “tourists on the internet.” The internet was supposed to be peer-to-peer, but it forked, and now access is controlled by a few large corporations. What are the benefits and challenges of integrating IPv6 with blockchain technology? Wallace answers this question first. The reduction of business overhead is the business use case. Organizations and enterprises can save money on operational and capital expenditures. IPv6 is truly peer-to-peer, and he has seen first-hand how it can transform organizations. Jones answers that we must first understand the value proposition of blockchain technology. Bitcoin is peer-to-peer electronic cash with no trusted intermediaries involved in communications and transactions. Microtransactions enable this, and all of it requires IPv6 for the necessary address space. Feiler says his company is working on putting blockchain nodes on vehicles to allow them to communicate with each other and with other pieces of infrastructure. IPv6 allows peer-to-peer connectivity between devices. Ward says that, while working in the music industry, he has encountered many stars who want to communicate more directly with fans. With unique IP addresses, devices can be linked to identity and can enable true peer-to-peer communications with total transparency and accountability. What are the challenges? Ladid follows up with a reminder about the…
Filed under: News - @ May 24, 2024 9:20 am