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Wednesday, June 7, 2017

IDG Contributor Network: Why blockchain is the future of IoT

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The Internet of Things is rapidly expanding its potential to transform everyday life with smart homes, cities, farms and manufacturing facilities. There are huge growth prospects for the market, when considering the prediction of the Gartner report that there will be more than 20 billion connected things by 2020.

This development is already taking place, however, he current server infrastructure and internet architecture is unlikely to be able to support the imminent IoT revolution. With so many devices connected to the internet, management and security are a concern. The servers will become overloaded and represent a single point of failure, making the system vulnerable to cyber-attack. A possible solution to this issue is blockchain technology, which is the distributed ledger behind virtual currencies, such as Bitcoin.

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June 07, 2017 at 05:32PM

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from Gary Eastwood

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