Kristen Bouchrara
May 3, 2022
Much of IoT is still run on centralized systems, but when data is centralized it creates a vulnerability for the IoT data to be hacked and utilized in harmful ways by hackers or unavailable at crucial times. Read more about how blockchain can provide a more secure solution
The Internet of Things (IoT) has made our lives easier and added value, convenience, and capabilities beyond what an unconnected device is capable of. The IoT network consists of the many things we connect to our Wi-Fi, 5G, or other means of connecting to the Internet. Devices such as home alarm systems, secu
rity cameras, smart home assistants (Alexa, for example), cloud connected vehicles, smart climate control systems (Nest, for example) and many other devices that can collect data and perhaps be controlled by voice, remotely, or send us alerts.
Much of IoT is still run on centralized systems. When data is centralized, it creates a vulnerability for the IoT data to be hacked and utilized in harmful ways. Should there be service issues, the redundancy is not as great as if it were stored and accessed on a blockchain.
Blockchain technology has the potential to fix this problem. As discussed in a previous post, blockchain is a decentralized digital ledger of transactions that records data in a way that makes it virtually impossible to tamper with. This could make the IoT more secure and trusted.
The future of the IoT depends on blockchain technology, because blockchain can provide the security and trustworthiness that the IoT needs. With blockchain, sensitive data will be safer and less vulnerable to cyberattacks, which will help the IoT thrive in the years ahead. As more devices are connected through the IoT, blockchain will serve as a crucial foundation for its success. Therefore, the future of this revolutionary technology depends on blockchain. What do you think about the future of the IoT? Let us know in the comments below!
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