Blockchain + Internet of Things is the best CP?

Statecraft Tech
Statecraft Tech
Published in
5 min readFeb 26, 2019
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【Published by ek21.com | Editor: ek21.com】

The blockchain and the Internet of Things are arguably the two most popular favorites in 2018. What chemical reactions can they produce if they are combined? Is it possible to solve the existing security problems of the Internet of Things, or can it promote the third major outbreak of the blockchain, and may bring us a new world?

Let’s talk about the nature of both.

The blockchain is an open database

A blockchain is a decentralized database that uses cryptographic methods to correlate various data into a block of data. Each block contains all the information about the network transaction used to verify the validity of the transaction. Generate the next block. Along with the development of blockchain technology, smart contracts represented by Ethereum and blockchain applications that conform to different scenarios have emerged. Due to the decentralization of the blockchain, it has the characteristics of openness, transparency, high traceability and traceability.

The Internet of Things is a network of items

The Internet of Things can be said to be the Internet-connected by objects. It has two meanings: First, the core foundation of the Internet of Things is still the Internet, but it has been extended and expanded on the basis of the Internet. Second, its user-side is associated. It is the exchange of information between the article and the article, and the object is related. Therefore, in a strict sense, the Internet of Things is not an independent and emerging industry, but a deep integration with traditional industries in different fields, empowering traditional industries and forming a new ecological model on this basis.

The blockchain is different from IoT and requires each other

The industry potential of the Internet of Things is enormous, but as applications become more widespread, problems are exposed. Since the Internet of Things is connected to objects, the number of connected devices and the amount of data transferred to different types of devices will reach an unprecedented height. As a result, the server that stores the data has hidden dangers and pressures in terms of data transmission, storage cost, access efficiency, and performance stability! Second, the most important privacy issues are also plaguing the Internet of Things. When users use various account numbers, passwords or SMS verification codes for authentication and authentication, as long as there is a problem in the use process, users may be exposed to security risks and user privacy is leaked. In order to prevent this problem from occurring, the cost of synergy has increased invisibly.

Blockchain can do information security “bodyguard” for the Internet of Things

The key to solving these problems is in the hands of the blockchain. Different from the traditional storage architecture, the blockchain advocates a decentralized architecture, which can alleviate the central computing pressure of the Internet of Things, and at the same time bring more possibilities for the restructuring and innovation of the Internet of Things!

Second, the data recorded in the blockchain is accurate and unchangeable, so that all operations are well documented. The data is no longer controlled by the center. After strict encryption, the user’s data privacy is secure. Therefore, to avoid data hijacking and outsourcing to operators, there is a phenomenon of killing.

The openness and transparency of the blockchain will enable participants to keep abreast of the progress of each link, query transaction records at any time, and improve the credibility between things and goods transactions.

For the blockchain, the Internet of Things provides it with the largest performance stage. At present, the biggest controversy of the blockchain is that the value of landing is unknown and power resources are wasted. However, the technology of blockchain needs to be supported by huge data and applications. The Internet of Things is definitely beneficial to the outbreak of blockchain in this respect.

The combination of blockchain and the Internet of Things, each party can profit

There are many IoT applications in the market, but the cooperation and transaction equipment of these applications must be provided by the same IoT operator or authorized for verification, or can only be used in different pools, which affects the Internet of Things. Widely used.

However, when the blockchain is added, the data will not be tampered with and lost, and trustworthy problems such as security will be shackled. Internet of Things service providers can share resources, and users can directly settle accounts between operators within the entire network. The value interconnection is just around the corner.

Moreover, the problem of information leakage is becoming more and more serious, and there is a crisis of trust between users and service providers. The decentralization of the blockchain can save user data privacy from the central server and is more secure and reliable through blockchain encryption. Users do not have to sacrifice privacy for efficiency, operators reduce storage operating costs, and complete the outcome!

The rapid development of science and technology, the comprehensive improvement of productivity and the comprehensive application of the Internet have made life enter the era of “chain of goods”, and the security of blockchain technology has empowered the Internet of Things and has become a protection network for the development of the Internet of Things. The strong combination of the two!

Source: ek21.com

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Statecraft Tech
Statecraft Tech

京侖科技|Professional blockchain technical team