31 Oct '17, 2pm

via efycon #IoTSecurity #Blockchain #Cyber #IoT …

via efycon #IoTSecurity #Blockchain #Cyber #IoT …

Joe Pindar, director of product strategy at Gemalto, highlighted that blockchain technology can bring a sense of mutual trust to internet-based transactions. All of the players are equal in the environment of the blockchain, and the data is real and trusted by all. By contrast, in a hierarchical approach, he said, the smaller guys don’t always trust the bigger players. Zaki Manian, a founder of Skuchain, added that conventionally, we don’t trust IoT devices to make business decisions, like exercising a letter of credit or releasing a payment. However, with the blockchain, secured IoT devices can be designated to control business decisions, he said. Manian noted that blockchain also solves the problem of identity, particularly in industrial applications where a connected device (like a shipping container) gets passed from one organization to another. With the blockchain, ea...

Full article: https://electronicsforu.com/technology-trends/tech-focus/...

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Copyright © 2017 Nikkei Business Publications, Inc. All Rights Reserved.

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