Cisco plans on creating a more secure network, using blockchain and cryptographic keys for confidential group messaging
Recently, we have been seeing major companies filing blockchain applications, from UPS using Bitcoin as a method of payment, to Intel’s plans to create “A system on Chip implementing a Bitcoin mining hardware accelerator [which] may include a processor core and a hardware accelerator coupled to the processor core.”
The patent filed by Cisco describes its system as;
This method hopes to permits “adhoc and decentralised group definition, dynamic and decentralised membership updates, open sharing, tamper resistance, and tracking of membership history”. An example of such application would be “to enabling endtoend encryption of instant messaging, content sharing, and streamed media”.
To understand this statement, it would simple mean that Cisco is planning on creating a more secure network, which will use blockchain and cryptographic keys for confidential group messaging on a peer-to-peer network.
Cisco has been active with its research and development of Blockchain, and In the last twelve months, Cisco has already submitted two patent applications based on the technology.
In December 2017, Cisco submitted a blockchain patent and previously in the year it submitted a further patent; “Blockchain based IOT device identity verification and anomaly detection”.