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    • Internet of Things
    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

    Edge Computing and the Keys to Unlocking IoT in Asia Pacific

    Robert Linsdell, Managing Director Australia and New Zealand, Vertiv

    right

    The Crossroads of Blockchain and IoT

    By Apac CIO Outlook | Monday, December 03, 2018
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    To transform and make lives easier, billions of enterprises that generate, process, and exchange critical data, as well as confidential information, reach out to the internet of things (IoT). However, the security- and integrity-deficient model of the IoT has made these enterprises take a step back. Add to that, the centralized security system used by enterprises struggling to meet the demands of the IoT, which brings blockchain in the picture. According to IDC’s recent research, by 2019, 20 percent of all IoT deployments may have fundamental blockchain products and services enabled.

    Blockchain with its decentralized security pattern distributes data-sets amongst multiple points across a network, which subsequently ensures zero interference with IoT’s operations. In case, if one of the community units is hacked, no other device will be impacted. Furthermore, common challenges like cost barriers, server downtime, and the deficient architecture of IoT can be addressed with the blockchain technology. Assuring the exchange of critical information between two devices is secure, malicious acts are detected and prevented, and transactions are signed and verified cryptographically, blockchain enables the data to be saved on different devices so there is no single point of failure. Blockchain has the ability to surpass several other obstacles that stop IoT from advancement, as it provides transparency, scalability, standardization, privacy, and no potential risk of interruption.

    Applications of blockchain-backed IoT can be implemented in industries like healthcare, supply chain management, education, agriculture, and public safety among others. The good news is that blockchain with integration to IoT is already in use in agriculture and the smart city space, however, there is more to come in the upcoming years.

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