{"id":4477,"date":"2019-03-01T13:01:42","date_gmt":"2019-03-01T13:01:42","guid":{"rendered":"https:\/\/www.fullestop.com\/blog\/?p=4477"},"modified":"2023-02-14T09:54:37","modified_gmt":"2023-02-14T09:54:37","slug":"s-v-e-iot-trust-tracking-new-iot-blockchain-service","status":"publish","type":"post","link":"https:\/\/www.fullestop.com\/blog\/s-v-e-iot-trust-tracking-new-iot-blockchain-service","title":{"rendered":"S.A.V.E. From IoT: Trust And Tracking From A New Iot Blockchain Service"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fullestop.com\/blog\/s-v-e-iot-trust-tracking-new-iot-blockchain-service\/#Why_Must_Iot_Need_Blockchain_Technology\" >Why Must Iot Need Blockchain Technology?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fullestop.com\/blog\/s-v-e-iot-trust-tracking-new-iot-blockchain-service\/#4_Pillars\" >4 Pillars<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fullestop.com\/blog\/s-v-e-iot-trust-tracking-new-iot-blockchain-service\/#Expanding_frontiers\" >Expanding frontiers<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Must_Iot_Need_Blockchain_Technology\"><\/span>Why Must Iot Need Blockchain Technology?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In 2016, roughly 8.7 billion devices were connected to the IoT ecosystem. By 2020, there will be more than 20 billion connected devices. It would be a mammoth task identifying, verifying and authenticating these sensors and other devices. Equally daunting will be the task of creating foolproof IoT applications that can withstand <a href=\"https:\/\/www.fullestop.com\/blog\/ransomware-cyber-attack\"><strong>malware and other forms of cyber-attacks<\/strong><\/a>. Interestingly, roughly 37% of these devices would be used by enterprises and the rest by consumers.<\/p>\n<p>In a recent survey, 90 % of developers said that there was little or no safety in the present Internet of Things devices. Another 95% said that they felt pressured into rushing IoT applications into the marketplace without any adequate safeguards.<\/p>\n<p>They are so right. Only last year, hackers forced Netflix and Twitter to shut down their services after launching a series of DDoS attacks.<\/p>\n<p>Blockchain can solve this problem. To date, this technology has saved $10 billion worth of cryptocurrencies from being attacked by hackers and seamsters. Blockchain is based on trustworthiness and decentralization and all transactions taking place on this platform are verified by the members of the network.<\/p>\n<p>In the IoT ecosystem, where billions of devices are connected with each other, the <a href=\"https:\/\/www.fullestop.com\/blog\/designers-need-think-blockchain\"><strong>information interchange can be verified by blockchain technology<\/strong><\/a>. The decentralized nature of this technology removes the need for centralized control. This in turn ensures that all the devices act smartly with nil chances of a system failure. Hackers cannot launch DDoS attacks and neither can they upload malware to stop the network from functioning.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"4_Pillars\"><\/span>4 Pillars<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The new blockchain service for IoT rests on four pillars or benefits. These can be used by the industry as part of implementing the IIoT strategy.<\/p>\n<ol>\n<li><strong>Share-<\/strong> When companies collaborate in a large ecosystem, say many interconnected cars, then they can check the status of what is being delivered, whom is it being delivered and by what date will the product, service or code be delivered.<\/li>\n<li><strong>Accounting-<\/strong> When a product is delivered then its delivery is checked and finally recorded on the blockchain network. Note that every time a product or service changes hands, that transaction is recorded on the blockchain ledger. This means that an audit trail is generated.<\/li>\n<li><strong>Verification-<\/strong>Fake products can be identified and weeded out from the system. Original certificates can be viewed and later recorded on the network.<\/li>\n<li><strong>Execute-<\/strong> Once a product or service is delivered, this event is finally recorded on the platform. This transaction is verified by the Smart Contract feature of blockchain technology.<\/li>\n<\/ol>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"Expanding_frontiers\"><\/span>Expanding frontiers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>IBM has indeed re-imagined blockchain technology. Its new service ensures that the IoT industry will be immune to system shutdowns, delays and external attacks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why Must Iot Need Blockchain Technology? In 2016, roughly 8.7 billion devices were connected to the IoT ecosystem. By 2020, there will be more than 20 billion connected devices. It would be a mammoth task identifying, verifying and authenticating these &hellip; <a href=\"https:\/\/www.fullestop.com\/blog\/s-v-e-iot-trust-tracking-new-iot-blockchain-service\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":4479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[401,446],"tags":[],"class_list":["post-4477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-blockchain-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/posts\/4477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/comments?post=4477"}],"version-history":[{"count":2,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/posts\/4477\/revisions"}],"predecessor-version":[{"id":7038,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/posts\/4477\/revisions\/7038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/media\/4479"}],"wp:attachment":[{"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/media?parent=4477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/categories?post=4477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fullestop.com\/blog\/wp-json\/wp\/v2\/tags?post=4477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}