Qtum Foundation presents Trusted IoT Alliance award to University of Sheffield

Jul 17, 2018

The Trusted IoT Alliance and Qtum Foundation have presented an award for academic research to the Department of Electronic & Electrical Engineering at the University of Sheffield, UK. The University was selected for the $60K grant by the members of the alliance.

The university’s proposal is designed to expand the blockchain community’s experience with how blockchain protocols perform in lower power and low bandwidth environments. The project will deploy a pan-European network to connect sensors that measure electrical power reliability and availability. The project will provide hardware prototypes connected to a bandwidth-constrained low power wide area network that will serve as a reference platform for protocol and network testing.

The project makes use of the Qtum protocol, implementing specially designed smart contracts to update a blockchain’s individual parameters, thereby ensuring that the data that the sensor measures are accurately transmitted throughout the network.

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