The Future of IoT Payments: Trustworthy and Scalable Open-Source Solutions

Explore the future of Internet of Things (IoT) payments in this 38-minute conference talk from RIOT Summit 2024. Delve into the transformative shift in payment habits, the decline of cash usage, and the rise of digital transactions facilitated by third-party operators. Examine the potential of central bank digital currencies and the growing demand for secure, autonomous payment capabilities in IoT devices. Analyze the challenges posed by blockchain-based payment networks like Bitcoin and IOTA for constrained IoT devices, including scalability issues and resource requirements. Consider the concerns surrounding trust shifts and lack of governmental control in these systems. Join the call for the open-source community to develop trustworthy and scalable digital payment solutions suitable for various contexts, from everyday transactions to IoT scenarios. Learn about GNU Taler as a potential solution and gain insights into its applicability on resource-constrained devices powered by RIOT, an open-source IoT operating system. Benefit from the expertise of Mikolai Gütschow, a PhD student and research associate from TU Dresden, specializing in digital payments for low-end IoT.