Minima Partners with ARM to Develop Blockchain-Embedded Microchip
Minima, a blockchain designed for managing transactions across the internet of things (IoT), has announced a collaboration with semiconductor giant ARM to create a microchip with a decentralized ledger embedded in it.
Under the partnership, Minima will be working with ARM’s Flexible Access Program, which provides startups with access to ARM’s intellectual property portfolio and chip design system. The collaboration aims to develop the “Minima Chip,” which will offer each device a secure node capable of verifying data, generating tokens, enabling peer-to-peer messaging, and bringing blockchain technology to a wide range of devices.
IoT and Blockchain Integration
The integration of IoT and blockchain technologies is not a new concept, with projects like IOTA paving the way for decentralized physical infrastructure networks. Minima’s collaboration with ARM represents a step towards expanding the use cases of blockchain in IoT, including telecoms and storage.
Focus on the Auto Industry
Minima has been actively involved in the auto industry, working with companies like Volvo to integrate blockchain technology into vehicles. The use of blockchain-embedded chips in cars allows for secure data attestation, battery passports, and enhanced EV charging flexibility through tokenization.
According to Minima CEO Hugo Feiler, embedding blockchain on a chip offers a more secure and efficient design approach compared to traditional software-based solutions. This approach ensures the decentralization of operations while simplifying the integration of blockchain technology into existing tech stacks.
Enhancing Communication and Value Exchange
Feiler emphasized the importance of secure communication and transparent value exchange in IoT devices, comparing it to a motorway where different vehicles need to trust the information exchanged. The Minima consensus system enables collaborative mining and decentralized operations, ensuring the integrity of data across devices.
Neil Parris, ARM’s director of partner success and business models, highlighted the benefits of the Flexible Access Program for startups like Minima, offering a streamlined and cost-efficient route to prototype development.
The collaboration between Minima and ARM represents a significant advancement in the integration of blockchain technology into IoT devices, providing a secure and efficient solution for managing transactions and data verification.