Using Blockchain to Secure the “Internet of Things”

Read Nir Kshetri explain how the blockchain technology powering the Bitcoin cryptocurrency can be useful to secure Internet of Things on Scientific American :

The world is full of connected devices–and more are coming. In 2017, there were an estimated 8.4 billion internet-enabled thermostats, cameras, streetlights and other electronics. By 2020 that number could exceed 20 billion, and by 2030 there could be 500 billion or more. Because they’ll all be online all the time, each of those devices–whether a voice-recognition personal assistant or a pay-by-phone parking meter or a temperature sensor deep in an industrial robot–will be vulnerable to a cyberattack and could even be part of one.

Read the full article here.

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