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SMB Nation has been serving the Bainbridge Island area since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Bitcoin could 'bring the internet to a halt,' banking group warns

by Jethro Mullen @CNNTech

ICO

Don't bet on bitcoin ever replacing the dollar or other traditional currencies as everyday money.

That's one of the messages from a new report by an organization that represents dozens of the world's central banks.

The group, Switzerland-based Bank for International Settlements (BIS), said the "intense interest" in bitcoin and other cryptocurrencies had prompted it to look "beyond the hype" at what use they could actually contribute to the economy.

The report's authors were unimpressed, detailing a range of problems with trying to adopt cryptocurrencies as a widely used form of money.

They include the danger that just processing all the payments "could bring the internet to a halt," said the report, which was published Sunday.

A big part of the appeal of many cryptocurrencies to their supporters is that they are decentralized rather than tied to a central bank like the US Federal Reserve. Records of transactions are kept on a digital ledger.

But because every single transaction is added to the digital ledger, the report said using a cryptocurrency like bitcoin for retail transactions around the world would quickly swell the ledger beyond the capacity of computer servers to store it. Supercomputers would be needed to keep up with verifying incoming payments, and the huge amounts of data being exchanged between users would bring the internet to its knees.

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MachNation provides recommendation for IoT security vendors

The Internet of Things continues to lead industry news and innovation in the second half of 2015, and myriad providers and vendors are attuned to IoT’s importance. 

MachNation, an IoT insight services and application development firm, announced today recommendations for five security vendors and 10 requirements for creating a secure solution in “IoT Security Landscape and Vendor Recommendations 2015.”

“MachNation has been providing our customers with industry-leading analysis and strategic support for their IoT initiatives,” said Steve Hilton, co-founder and President, MachNation. “Today, we are thrilled to announce a new publication that provides a list of 5 recommended IoT security vendors and 10 requirements to help public and private sector organizations craft a holistically secure IoT solution. We recommend the IoT security solutions of ARM, Bayshore Networks, Cisco, Intel and Wipro.”

The report, available here, covers the five recommended providers in detail and provides information about 13 other IoT security vendors.

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IDC Releases Government Mobility Predictions

IDC logoEarlier today, IDC released its latest Government Insight findings in a report titled: “Business Strategy: Government Mobility Forecast, 2014-2017.” In this report, IDC predicts that mobility will start to see growth in state and local govermnents, with the highest rate falling between 2013 and 2015. In addition, this growth is expected to come primarily from citizen demand, followed by employee requests for convenience.

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Infonetics Releases Q4 2012 VoIP/IMS Market Report Excerpts

Infonetics Research LogoYesterday, Infonetics Research released excerpts from their Q42012 Service Provider VoIP and IMA Equipment and Subscribers report. The report excerpts showed areas of growth, the first in nearly four years, as well as changing trends in the IMS and VoIP space.

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