Blockchain and IoT

Date : 4-21-2019

Transforming Data Sharing

The Internet of Things (IoT) has penetrated almost every sector of the market and made a lasting impact that can be felt everywhere. Now, IoT is being used in conjunction with Blockchain as a solution for some of the most difficult challenges facing IoT. The intersection of these technologies stands to revolutionize not only IoT security but will also speed up timelines of implementation.    

The unavoidable problem concerning IoT is that data cannot be fully trusted outside of the data owner’s domain because of the inability to verify that the data was not manipulated before other parties sent, sold or used it. However, the core idea behind Blockchain is completely different in that the technology is instead based on decentralized trust as the data is immutable. Today, companies using IoT-based technologies do not have a solution for sharing trusted data. Instead, these companies collect and store similar data sets independently.       

One way that the duo is being used to solve this data security crisis is through the use of trusted execution environments (TEE). A TEE is an isolated area on the main processor of a device separate from the central operating system. The idea behind a TEE is to create a trusted environment that ensures data is not manipulated. IoT devices with TEE collect data that will then be attested and recorded by the original hardware. The IoT hardware can include high power machines such as cars or low power devices such as sensors or wearables. Once recorded, the data is sent to the blockchain through a WiFi, cellular, NB-IoT or other secure network. When the data is stored on the blockchain, it is immutable. This ensures that the IoT data can be verified, traced and trusted by other members of the network without the need for a central authority.

As the world becomes more connected, the number of IoT devices constantly producing data is only growing. While consumers own these devices, they have no guarantee that device manufacturers or tech giants are not misusing or selling their data. Companies are already creating solutions to prevent this mistreatment of data. IoTeX created an open source platform to provide developers with tools and infrastructure that simplifies the process of creating new blockchain applications focused on IoT. The team’s main focus is to build blockchain protocols that are as lightweight as possible so IoT devices can sync data to the blockchain. The blockchains in blockchain architecture allows for data to be stored in both permissioned (private) and permission-less (public) sub-chains with different levels of visibility.

Blockchain and IoT have the potential to transform the way in which data is shared. This combination introduces a uniquely pure source of IoT data in a world in which connectivity has never been more important.

« || »

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 69 = 79

Recent Post

IoT and How it Will Make the Job of the Police Easier & Safer

How IoT is Building the Smart Offices of Tomorrow

Protecting Our Homes & Cities from Climate Change with IoT

Smart Clothes and How They Can Enhance Your Everyday Life


Smart technology IoT Smart devices Activites for kids Alexa Amazon Amazon Fire TV Amazon’s Alexa Amazon’s Echo android apps Android Features Android Phone Apple TV April Fools Day Best Apps Chromecast Fitness Apps Classic Movies Fiber Internet Events Fiber Internet Connection Funny tricks Gifts Go Green Home Automation TV Shows Home Theater TV Remote Interesting IoT Security IoT – Internet of Things Light bulb Lighting Media Streaming Movie Trilogies Movies Pets Privacy Issues Product Update Productivity Apps Quiz Remote Control Roku Smart Device Top Apps Technology of Lighting Smart Home Smart TV Technology Streamer Event VR IoT; amazon; Home Automation; Remote Control IoT for kids Halloween smart socket smart thermostat nest thermostat smart fan smart shades smart humidifier freeze detector smart lighting Smart home gadget Christmas gifts gadget Christmas movies streaming control smartphone IoT Technology Wi-Fi connections lose weight track calories food scale shape scale smart scale fitness tracker IoT cloud robot virtual reality IoT Device thermostat security system smart IoT network smart city Magazines IOT Journal Evolution Magazine Digitalist Magazine IoT India Magazine Smart tech smartphones youtube channel gadgets wearables IoT applications GymWatch fitness wearable Amazon Alexa Echo dot Voice Control ocf interroperability SD-IoT Software digital media STB Set-top Box manufacturers certification Data services ads business model monetizing IoT ces 2018 demo interoperability Internet of Things Marketing IoT devices IoT data marketers smart garden devices Garden Sensor Wi-Fi Sprinkler Automower Smart LED Flood IoT influencers IoT space IoT news IoT Solutions IoT skills; IoT sensors; IoT devices; data security; IoT industry Sports and IoT; wearable sensors; Z-Wave ZigBee smart home hub Z-Wave devices Smart Toys kids mesh network IR devices IR blaster IoT Sensors father's day new tech costumer service Iot gadgets irobot alarm iotivity smart home specification automated home The Hub smart office Automated office Smart Homes Smart Home; IoT; IoT platforms IoT ecosystem IoT world Gateway smart buildings IoT platform smartphone app Smart Cities IoT hardware smart home technology IIoT technology industrial Internet of Things (IIoT) Smart Industry connected devices building automation building autonation system iot tech smart home lighting Iot Gadget thanksgiving smart gadgets Internet of Things (IoT) gadgets Smart sensors contact sensors detector sensors temperature sensor water temperature sensor brightness sensor iot software platform IoT Gateway IoT Ready IoT gateway software home security window sensor door sensor Iot solution; smart city technology smart home tech market wearable tech IoT in Education smart LED lighting new world of IoT Preventive Maintenance IoT preventive maintenance smart refrigerator software-defined IoT platform Smart Doorbells home alarm systems office automation setups IoT health care medical devices IoT gizmos Smart Lock Smart Doorbell Smart Camera smart home IoT devices Bluetooth cellular IoT IoT Connectivity LPWAN hybrid IoT wireless protocols for enabling IoT The Internet of Things (IoT) mash network Wifi Li-Fi Internet of Things (IoT) What is Li-Fi? wireless protocols LED bulbs solar power solutions based on IoT IoT in solar energy plants utilizing IoT innovative technologies Trust Architectures for IoT 5G 5G works Remove term NB-IoT Cat-M1; Massive IoT Deployments; NB-IoT; Cat-M1; Massive IoT Deployments; IoT based technologies IoT integrated systems IoT automation IoT technologies Edge Computing Micro Data Network Iot; Easter; Blockchain secure network Data Sharing Augmented Reality AR technologies Weightless SIG wireless Personal Area Network (PAN) Nanonetwork Body Area Network (BAN) A Near Field Communication (NFC) Network Local Area Network (LAN)


Industry News

Company News

Ready to Try?

Follows us