Current blockchain technology when applied to Industry 4.0 fails either due to speed of convergence of the current consensus algorithm, excessive computational power requirements, or weak security unless a permissioned blockchain is imposed.

SYNDIAL is developing an alternative consensus algorithm for decentralised immutable ledgers and linked security protocols which are fast, provably convergent, scales, is Byzantine fault tolerant and can be permissioned or public.

This would make it the only decentralised ledger technology that could exploit 5G, opening up a range of new business opportunities for reliable, secure consumer services.

Cohort Member(s):

David Lowe

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