How IoT development & blockchain can secure our personal data
Tech-world is full of smart internet-connected devices. There are many Giants which have both the technological systems and the marketing approach to use IoT and blockchain on a large scale. Well-known brand names, like Google, Apple, Microsoft, and Samsung are coming with an up amazing solution with the blend of many technologies.
“In a survey, there were an estimated 8.4 billion internet-enabled thermostats, cameras, streetlights and other electronics. Therefore, by 2020 that number could exceed 20 billion, and by 2030 there could be 500 billion or more.”
The Internet of Things (IoT) is all about Smart and independent, interconnected and self-managed. The aim is to connect devices to simplify the everyday life of a human.
When we talk about the scale of interest in the internet of things (IoT) and Blockchain just suffer internet to know how many conferences, articles, and studies have been conducted recently
The rapid evolution of the IoT market has caused an explosion in the market with the number and variety of solutions. The requirement for a secure IoT model to perform common tasks such as sensing, processing, storage, and communicating for the industry on the urgent basis. There are many hurdles and challenges facing a real secure IoT model.
The technology continues to grow in complexity and intelligence. When we say Blockchain, it means the potential solutions to this vast explosion. Therefore, Blockchains are distributed archive where information is stored not in a single, centralized database.
Future possibilities with Blockchain and the IoT
By introducing blockchain into this equation will allow future IoT networks to benefit in security perspective. These two technologies can balance billions of devices that compile stored data. Such evolution of blockchain will drastically improve computation capabilities throughout the industry.
At the advanced level, blockchain IoT networks could use a decentralized archive to store and process blocks of data. Apart from that handling, various requests regarding any kind of process at the same time can be easy. Thus in order to avoid major crashes and system failures, these solutions can secure the crucial data.
When we talk about blockchain technology it not only considers cases of future of smart machines having interaction but also human with machines in real time.
The key role of this smart blend will play a vital role thus ensuring to fulfill the user need. The existence of blockchain IoT applications possesses the combination of a multitude with a human-focused interface, which is the best part of working in this tech-relationship.
In a simple way, we can imagine a future where smart machines interact with the human on the basis of an archive on specific preconditions.
Benefits of Blockchain in IoT
After the arrival/ evolution of Blockchain technology, many experts believe that it was the missing link to settle security, privacy and reliability concerns in the Internet of Things.
In simple words, blockchain can be considered to be the game changer needed by the IoT industry. Tracking billions of connected devices with the coordination between devices can be done effectively.
The blockchain is working on the cryptographic algorithms. The benefit is that it would make consumer data more private. Thus, the decentralized and autonomous abilities of the Blockchain are foundational elements of IoT solutions. It is noticed that enterprise quickly become one of the early adopters of Blockchain technology.
With the experience, it can be stated that Blockchain can keep an unquestionable record of the history of IoT smart devices.
This level of decentralized approach would eliminate single points of failure. Apart from that purpose is to create a more robust ecosystem for devices to run smoothly.
This these possibilities were remarkably difficult, or even impossible to implement without it both IoT and Blockchain.
Wrapping up…
To conclude, the key benefits of using Blockchain technology in securing IoT are: build trust, reduce costs and accelerate transactions. One of the most exciting capabilities of the Blockchain is the ability to maintain an archive of all transactions occurring in a network. Thus, in short, we can say that this capability is essential to enable many regulatory requirements of industrial IoT (IoT) applications.
About Author: Mr. Siddharth Garg, CEO, Quy Technology Pvt Ltd, It works with Startup and Enterprises. We help in fine tuning the mobile strategy. We provide end to end solutions starting from conceptualisation to deployment and support. We Offer Augmented Reality and Virtual Reality development services, Chat bot, iOS, Android, Virtual assistance, siri integration, 3d Model and others development services.
