Dr. Craig Wright will be one of the keynote speakers at the upcoming 5th Global IoT Summit in Dublin, Ireland, opening the summit on the first day alongside IPv6 Forum President Latif Ladid.
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The Global IoT Summit is an international conference established to attract and present cutting-edge research results on the Internet of Things (IoT). Endorsed by German publisher Springer, it consists of keynote sessions, thematic workshops, presentations, exhibitions, and more. This year, the focus will be on artificial intelligence, 5G, and nanotechnology.
Dr. Wright is one of three keynote speakers alongside IPv6 Forum’s Latif Ladid, a distinguished senior researcher who also chairs the IEEE ComSoC IoT subcommittee and is a member of the UN Strategy Council. Also speaking at the event is Jorge Pereira, the Principal Scientific Officer at the European Commission where he is responsible for promotion and monitoring of IPv6 deployment.
Dr. Wright will deliver his keynote speech on the first day as part of the opening ceremony at the summit.
Internet Protocol Version 6 (IPv6) will be at the heart of the summit in Dublin, and this is an area that Dr. Wright has been speaking about extensively in recent months. This version of the Internet intends to replace the existing IPv4, which is limited in scale at a time when the Internet of Things is bringing hundreds of billions of devices to the Internet. As of 2021, there were approximately 14 billion interconnected IoT devices globally, and this number is projected to more than double in four years. Unlike IPv4, IPv6 is not constrained and can scale infinitely to accommodate as many addresses as needed in the foreseeable future.
The BSV blockchain is in a prime position for integration with IPv6. As Dr. Wright revealed during the IEEE Blockchain Group Kick Off Symposium in March, he had even integrated it into Bitcoin originally in 2009. However, it got pulled out after those around him kept raising concerns about its viability, and as Dr. Wright told CoinGeek’s The Bitcoin Bridge podcast, he shouldn’t have listened to them.
“IPv6 enables end-to-end connectivity and that was part of the foundation of Bitcoin. Bitcoin’s not a peer-to-peer network … it’s an end-to-end communication platform allowing individuals through IP to IP to connect directly,” Dr. Wright told the IEEE Blockchain Group audience in Dubai.
Integrating IPv6 with the BSV blockchain will create “an on-demand internet of value, one that can serve people on any income and anywhere in the world while protecting their privacy,” he noted.
IPv6 Forum’s Latif Ladid, who will also be giving a keynote speech in Dublin, echoed Dr. Wright’s words, stating: “With IPv6 we’ll do it with BSV, that’s quite clear to us, because that’s really the solution for everyone because the cost is very low, and the deployment is very efficient.”
Leading minds in the Bitcoin space are already working on the integration of IPv6 and BSV. One of them, BSV Blockchain Association’s Director of Engineering Jad Wahab told CoinGeek Backstage that IPv6 would allow Internet users to send huge packets of data while enhancing their security.
With BSV, you can add micro and nano-payments to this vastly expansive iteration of the Internet. These payments will also beef up security, Wahab said.
“If you add a payments layer, the attacker would easily exhaust all their money trying to attack the system,” he explained. This is the security model that Dr. Wright built into Bitcoin in which users are incentivized to secure the system.
And it’s not just security that IPv6 provides—it also supports improved scalability, authentication and privacy, simplified headers, and faster processing and quality of service capabilities. But as Dr. Wright told the audience at the University of Dubai, we only reap these benefits if we do it right.
Watch: IEEE Blockchain Symposium 2022 highlights: Building better internet with IPv6
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