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    Editor's Pick (1 - 4 of 8)
    left
    Digital transformation - Gaining Momentum in Operational Technology (OT)

    Martin Schlatter, CIO and Regional CEO, APAC, NTT Security

    Connecting dots the IOT way!

    Sunil Singh, Regional Chief Information Officer, Coca-Cola Beverages Vietnam

    Disrupting the Automotive Industry through Digitalization

    Esteban Remecz, CIO, Asia Pacific, ZF Group

    Simplifying Deployment and Management of Branch Office Networks

    Ari Bose, CIO, Brocade

    Internet-of-Things: The Rise of Connected Businesses and Connected Lives

    Harnath Babu, CIO, KPMG India

    How IOT is Driving Competitive  Advantage to Asian Supply Chains?

    Steve Walker, CIO, DHL Supply Chain Asia Pacific

    Embracing Advanced Tech-enabled Solutions that Foster Innovation and Growth

    Steven Weinreb, CIO & EVP, Technology & Operations, Asia, MetLife

    Internet of Things: Unraveling A New Wave Of Opportunities For Home Appliances

    Jai Thampi, Head - IoT and Digital Transformation, APAC & MEA, Electrolux

    right

    Integrating BlockChain with IoT for Enhanced Security and Privacy

    By Apac CIO Outlook | Wednesday, November 13, 2019
    Tweet

    IoT infrastructure is vulnerable to cyber attacks such as malware, DoS attacks, Man-In-The-Middle attacks, and brute-force attacks.

    Blockchain technology can resolve scalability, privacy, and reliability concerns in the Internet of Things. Blockchain technology can be used to track all of the connected devices in a network and enable the processing of transactions and coordination between devices which will eventually allow significant savings to IoT industry manufacturers. This will eliminate points of failure, creating a more flexible ecosystem for devices to run on and the cryptographic algorithms used by blockchains will make consumer data more private.

    Cost-effective

    Blockchain-based networks can create a decentralized peer-to-peer connection among IoT devices and help process more data requests using various end-points which will result in distributed data storage and computation tasks. With this approach, organizations can reduce storage and computation costs that occur while running a centralized system.

    Enhancing data exchange

    Data collected from various IoT sensors and wearables can be encrypted and shared using secure blockchain wallets. The data stored in blockchain wallets can be accessed by authorized devices and systems.

    Enabling smart contracts

    Blockchain in IoT can take advantage of the device-to-device interaction capabilities of IoT to introduce an autonomous payment mechanism. For example, Blockchain can benefit vehicle owners from automated fuel purchases by installing special IoT sensors in vehicles that interact with IoT devices in fuel pumps. At the time of refueling, the IoT devices in the fuel pumps will verify vehicle and driver information stored in IoT sensors in the vehicles and automatically receive precise payments.

    Autonomous cars can exchange information such as traffic information, accident reports, and proximity to other vehicles. With this data, autonomous car manufacturers can improve on-road decision-making.

    Enhancing Security and Privacy

    With blockchain in IoT, the decentralized networks can ensure encryption of data across the network. In case a cybercriminal gains access of a file or alters contents of a file, the digital signature of that file will not match with the original signature generated during encryption. The integrity of data can also be verified with this technique

    Blockchain in IoT can provide better security and privacy. Every IoT device will be registered with a unique blockchain-based ID to help in the identification of each device. To establish a machine-to-machine connection, the local blockchain wallet will have to send a digitally signed request to the target device and then the target device will verify the signature using the public key of the sender.

    Check out: Top Enterprise Security Startups in APAC

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    IoT

    Blockchain

    Startups

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