You might have heard hundreds of stories related to IoT such as opening of window curtains through a device, and it would be still in continuation, as every day this technology is infusing something new in the pool of advancement.
Today, it is part of numbers of tools and devices. Besides, there are various uncertainties that are bothering people to utilize IoT based tools fullest. One of them is security of data in IoT network. Many people are concerned about sharing their data in the IoT network. It is the only aspect, in which IoT based systems are lacking in earning trust of people. However, you don't need to worry because there is no end to advancements, and the cure for this issue has been found in the treasure of blockchain technology. Yes! blockchain technology has brought the solution for the security issues in IoT network. Let's dive into this concept and learn more about these technologies. IoT Technology in the current scenarios Internet of things is a complex but groundbreaking concept, as it is allowing devices to establish connection with other devices of the system, in a network channel. If you dive deeper into this concept, you will find that there are numbers of devices that are working altogether, and exchanging data over a network system. Are you getting my point? let me tell you more. This technology allows devices to gather data from environment with the help of sensors and wearable, and the collected data used to send to another device such as thermostat, and later that data used to generate output in the form of message, action or more. Presently, this technology is being used by various industries and opening numbers of doors of opportunities for businesses and markets. The expansion space of this technology is not limited to data only, but it covers many aspects related to data such as how, when, where and why you gather it. It is not just transforming internet only, but also the things related to it. Besides, it also includes other networks such as Bluetooth, Wifi. Hence, it is allowing creation of devices and gateways with the help of network, that can request or start a service or action without human intervention. I guess, now you would have understood, how potential is this technology. Though, potency and excellence are two completely different aspects. There are numerous challenges that are limiting the utilization and expansion of this technology. The most daunting aspect is security that is influencing the trustworthiness of internet of thing systems. Let's get an idea about it. Challenges for IoT Well! if you are a device manufacturer, cloud provider, solution provider, system integrator then this technology can offer numbers of benefits, however, you need to know how to obtain greatest advantages. The biggest challenge in IoT ecosystem is handling the huge volume of data both existing and projected, and security of this data can be a matter of concern. Integration of security technology in this ecosystem can mitigate the risks, and enable data redemption at exact place, time and in right format. Though, how this security can be implemented is a million dollar question of the time. Well! no worries, expert have already found the solution, and it is none other than blockchain technology. Have you heard about it? Yes! it is the technology that gave birth to a highly secured system of cryptocurrencies. Let's know how this technology can impact IoT ecosystem. Blokchain in IoT Currently, IoT ecosystems are based on a centralized paradigm where all communication models are arranged altogether. It is referred to as server/client paradigm. In this ecosystem, all the devices are authorized, identified and connected through cloud servers that allow data processing and storage. The whole activity is based on the internet, every device would get the plugin to the ecosystem with the help of internet. Though, this paradigm will not be able to serve for long term, as it can support only small scale IoT connections. However, it can be replaced by decentralized systems. Decentralized approach relies on the peer to peer communication model that enable processing of billions of transaction between devices without any support of large centralized data center. You might be confused that why I am not talking about blockchain straight? what is the motive of telling all this? Well! Here come the exact issues that blockchain will address. Actually, establishment of peer-to-peer communications comprise a big challenge that is security, and it is not just about securing data. The system must maintain privacy and security concurrently in IoT network. Besides, it must have some validations & consensus for secured transactions. As blockchain is based on the distributed ledger paradigm. It has been designed to render secure, transparent, and highly resistant to outages transaction recording. As the crypto hashs secure every block of data at each level of transfer, it is hard to intrude this security system. See the below point to comprehend what exactly blockchain can do. * In the IoT ecosystem, blockchain can fuse higher scalability, reliability, and privacy with the help of its robust architecture. It can be used to track thousands of connected devices. Moreover, it has the ability to eliminate points of failure. The algorithms used in blockchain can integrate privacy of data. *Blockchain has tempered proof ledger system. It means, it cannot be manipulated by frauds, as it gets saved on multiple locations. *This system has no single thread of communication, so there is no threat of man-in-middle attack. *It allows efficient peer-to-peer messaging (transactions) service, that means there is no need of third party to send messages. *It is completely decentralized, autonomous and trustless that make it an ideal element of IoT solutions. Hence, blockchain technology can integrate required efficiency and security in the IoT system. Experts around the world, are working on idea of integrating high-grade security through blockchain into the IoT system. Besides, trusted mobile app development companies like Techugo, are also fusing these technologies to create highly secured mobile apps. To know how your app can be fused with unique features and unmatched security through these technologies, get in touch with our experts.
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Author : AnkitAnkit is a lead Business strategists at Techugo. His passion and skills for marketing and writing is imbibed together in his writings. In addition to writing tech-infused write-ups, Ankit is a frequent backpacker. Follow him on FB and Twitter... Archives
July 2021
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