Blockchain Tech Can Resolve Security Concerns with Internet of Things

The vice president and digital head of Indian technology solutions firm Tech Mahindra has said that embracing the Internet of Things (IoT) doesn’t mean people will have to give up their privacy.

In an interview with CNBC, Amit Sharma, said that the IoT is lacking adoption because of privacy issues and data protection, but that a possible solution to this through the blockchain could resolve security concerns.

He said:

Sooner rather than later, blockchain and IoT will converge. And the cryptographic algorithms being used by blockchain will obviously help us to protect this data.

Due to its transparency and immutable ledger, it’s not hard to see why the blockchain could present the answer for greater adoption of the Internet of Things.

The Growth of IoT

The Internet of Things, an inter-networking of physical devices, vehicles, buildings, and other items that have software, sensors and network connectivity enabling them to collect and exchange data, is continually growing.

As a result, more organizations are realizing the benefits that it can bring particularly in relation to boosting a country’s digital transformation.

Thailand is one

Read more ... source: CryptoCoinsNews

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