Blockchain Use In IoT Systems Doubles — Report
Experts of the Gemalto company conducted a study and revealed that blockchain was used twice as often to ensure data security in systems based on the Internet of things (IoT) technology. The findings are published on the firm’s website.
According to the data obtained, in 2018, the use of distributed ledger in systems and devices with IoT increased from 9% to 19%. Developers do not mind that the status of blockchain has no clear legal definition in most countries of the world.
The Gemalto researches interviewed specialists, who apply their knowledge in technologies and business. The company found out the opinions of 950 respondents, of whom 23% agreed that nowadays, blockchain is unrivaled in solving security issues of the IoT systems. 91% of the firms not using distributed ledger in their work confirmed the necessity of the technology introduction in the nearest future.
Jason Hart, CTO of Gemalto, declared that the study shows companies’ understanding of the fact that, with the information volume growth, it is necessary to secure these data, whereas the range of blockchain problems needs to be considered by the regulatory bodies.
Notwithstanding the increased popularity of the technology, its widespread adoption has yet to be seen. The majority still uses other security measures, among which respondents most often called encryption, password-based methods, two-factor authentication. It is noteworthy that almost a half of the interviewed could not say for sure whether their IoT devices had been hacked.
As previously reported, a center of blockchain study will be established in the state of Washington.