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Can blockchain strengthen the internet of things?

Jacob Courtney Answered question December 19, 2023
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Blockchain has the potential to enhance the security and reliability of the Internet of Things (IoT) by providing a decentralized and tamper-proof record of transactions and data. This can help in securing drive mad IoT devices and enabling trusted communication and data exchange in a network of connected devices.

Jacob Courtney Answered question December 19, 2023
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Understanding that the blockchain, although effective in certain situations, is not a panacea for all of the security issues plaguing contemporary technology is also crucial.

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glugcurve owlmate Answered question May 25, 2023
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Internet of Things with its world of high connectivity raises a lot of security concerns.

Blockchain capable of solving this concern because:

  1. Since IoT requires a large amount of data, your devices are constantly collecting and storing data. And if all these data is stored in one place, the risk of getting hacked is significantly higher.
  2. With decentralization, you can store info in multiple servers and hence would not be at the risk of a hacker being able to say hack your phone and steal your data.

It is also important to grasp that even though the blockchain can solve some problems, it will be the cure all solution to all modern day tech vulnerabilities.

To properly explore the weaknesses of the blockchain, it will likely take a separate post altogether. Hence, I would not want to hijack this post with all the challenges the blockchain is facing right now. If I were to put the blockchain tech’s existing vulnerabilities aside, I think blockchain might be exactly what IoT needs to lower the tensions with privacy and ease users’ concerns on that account.

Currently, there are quite a few blockchain companies attempting to revolutionize this sector. You can find a list here.

jackson Answered question August 23, 2018