IoT Devices Primed To Overcome Vulnerability Of Cyber-Attacks With Blockchain
In the recent years, the number of connected devices has exponentially grown and it does not show any sign of slowing down. Fifty billion connected devices are estimated to exist by 2020. Smart devices increase visibility, boost customer’s engagement, and streamline communications with digital assistants like Alexa, HomePod, and Google Assistant.
The future IoT devices are expected to overcome the current obstacles. The IoT’s current centralized architecture is a reason for its vulnerability to cyber-attacks.
First, blockchain is public, everyone participating in the network of nodes of the blockchain network can see the blocks and the transactions stored and approves them, although users can still have private keys to control transactions.
Blockchain follows a decentralized structure so there is no Single Point of Failure (SPOF) weakness. It is also highly secure since the previous records cannot be modified.
Benefits of fog computing include conserving network bandwidth, minimizing latency, and securing a wide range of data. Standardization under a strong organization will help in creating common standards for IoT devices. There is a severe need for skilled staff in IoT with Blockchain and big data analytics skills.
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