World’s first Blockchain based security feature for Internet of Things is here

The blockchain is the technology that powers Bitcoin, the top cryptocurrency. Over the years there have been many discussions about the potential of blockchain technology to provide security for IoT devices, but few real-world applications so far. Now two Australian companies – Perth-based engineering services company LVX Group and Melbourne-based cyber security company VeroGuard Systems […]

6 use cases for blockchain in security

Blockchain is a decentralized, distributed electronic ledger built on the model of offering absolute security and trust. Using cryptography, transactions are recorded chronologically and publicly, each one time-stamped and linked to the previous one. Critically, these digital ‘blocks’ can only be updated through the consensus of all participants, with data interception, modification and deletion near […]