Bosch, Cisco, Gemalto and More: Tech Giants Team For Blockchain-IoT

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Bosch environmental sensors (image: Bosch Software Innovations)

The Internet of Things (IoT) – the vast web of connected devices which is becoming a fundamental part of the technological infrastructure that surrounds us – brings both huge potential and great risk.

On the plus side, the transition from ‘dumb’ to ‘smart’ devices represents a sea change in the way we think about automation and responsiveness in the products around us: cars which drive themselves, apartments which become self-regulating environments, and appliances which optimise automatically for each user’s unique preferences.

But as a consequence, every connected device is another attack surface for a hacker to target, and significant concerns have been expressed about the growing number of IoT devices which have been weaponised into botnets or used as surveillance tools.

Evidence of these high-profile breaches means that attempts to increase trust and security between IoT devices are crucial – so it’s big news that a group of Fortune 500 companies from the hardware and software industries is joining with a team of blockchain startups to develop a protocol that will connect the dots between IoT devices and blockchain technology.

The initiative was born out of the New Horizons: Blockchain x

Read more ... source: CoinDesk




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