Experts think of Blockchain IoT security as a viable alternative to traditional models. This seems to be the only way out to handle the security related issues associated with the connected ecosystem of IoT app development.
Blockchain – A Secured Network
Blockchain is a decentralized network, unlike IoT that believes in centralized control mechanism. The security protocol based on such a platform is more scalable. The security and protection mechanism of Blockchain IoT security is strong enough to prevent transmission of false information over connected devices ecosystem.
Such high-end security and protection mechanism of Blockchain is attracting users, especially the ones that worry about addressing the pressing challenge of IoT security. As per IDC, 10% of blockchain ledgers could be used for IoT by 2020. IoT models of today may not be able to support the rising security needs of customers of tomorrow, if not accompanied with Blockchain IoT security network protection.
The Blockchain of Things
This term is the combination of two concepts ‘Internet of Things’ and ‘Blockchain’. Important benefits of the Blockchain of Things or Blockchain IoT security are enhanced speed and improved security, which results in building trust and cutting overall cost. Startups have already started exploring the implementation possibilities of blockchain-protected security platform for the Industrial Internet of Things.
Resource URL:- Blockchain IoT Security