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IoT Meets Cryptocurrency and Blockchain

Friday, 26 January 2018 10:49

BitcoinAs the idea of the Internet of Things takes off, so too do concerns about security. Between personal data to the ability to hack into items as weapons, there are concerns about whether or not it will be possible to create IoT devices that are also secure in both the short and long term.

If you’ve been paying attention over the past few months, you’ve also likely noted that cryptocurrency, particularly bitcoin and “altcoins” (alternatives to bitcoin), are also making the rounds. Cryptocurrency is currency that relies on a secure validation solution, known as the blockchain. It is a technological infrastructure that validates transactions.

Transactions do not have to be financial, and that’s where there is a push to consider the blockchain as a way to validate the security of the IoT.

Here is a fascinating article on how the blockchain is being considered to make IoT devices more secure: