Merging Blockchain and IoT: A Match Made in Heaven

The Internet of Things (IoT) market has been on an upward trend in 2017. Those in the sector have been using the term as a catch-all phrase for everything from home automation to smart urban planning for a few years now. With an estimated 20.4 billion internet connected devices expected to be in use by 2020 though, many question the shortcomings that come with conventional implementations of IoT networks.

Tempering an Army of Machines

The sudden influx of smart devices poses new problems related to security and reliability, especially for items previously networkless. If, for instance, every household appliance relies on a connection to the internet, it would take no more than an ordinary hack to render most of them useless.

These machines also become vulnerable to breach as attackers can easily eavesdrop on the sensor data sent and received by Internet-connected devices. If companies can be incompetent enough to lack proper encryption for passwords, putting private data in their hands can be a recipe for disaster.

Not only do traditional IoT implementations lack essential security considerations, but they also suffer from the problem of centralization. In the case of a single point of failure for any large-scale IoT infrastructure, this also spells disaster for the functionality of these devices.

Following a server failure, for example, an entire army of smart devices is immediately crippled. Smart devices can become essentially worthless if a distributed denial of service (DDoS) attack is orchestrated against that central server. This is especially worrisome since DDoS attacks have affected multiple websites in recent years…

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