IBM's ‘World’s Smallest Computer’ to Work With Blockchain

New device was presented at IBM Think 2018 conference
20 March 2018   518

IBM presented the smallest computer in the world, the width and length of which is only 1 mm. Despite the dimensions that do not exceed the size of the salt crystal, the device supports blockchain tehnology, the IBM blog reports.

IBM New Microcomputer
IBM New Microcomputer

IBM plans to use the distributed ledger technology to track the process of shipping the goods and detecting theft. Also, technology can be useful in systems for the "smart house", aviation and automotive equipment.

The computing power of a new computer is comparable to that of a processor of the 1990s. It has a processor with "several hundred thousand" transistors, RAM SRAM, a photodetector and a communication unit that uses the LED to send information.

The computer was presented at IBM Think 2018 conference, where the company told about five promising technologies, which, in her opinion, will seriously affect the society and business within the next five years. These included blockchain, artificial intelligence, quantum computing, cryptography and robotic microscopes based on artificial intelligence.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.