More than a silly name, the Internet of Things (or, IoT) isn\u2019t simply algorithms tracking purchase history, remote monitoring, or home automation; it\u2019s putting things like Wi-Fi and Bluetooth into everyday devices that we can control and make \u201csmarter\u201d through programming.<\/p>\n
It\u2019s being able to upload information into the cloud. It\u2019s being able to sync multiple devices together.<\/p>\n
It\u2019s connected living.<\/p>\n
It\u2019s meant to make our lives easier, but at the rate the IoT is evolving, we could be sending ourselves back to the Middle Ages<\/a>. As data containing our most personal habits and patterns are sent in from these connected devices the servers containing this information become increasingly vulnerable.<\/p>\n International Data Corporation (IDC) estimates that 90% of organizations that implement the IoT will suffer an IoT-based breach of back-end IT systems by the year 2017.<\/p>\n The centralized security model of most IoT devices may yet, however, become a thing of the past as reports of hacks, DDoS attacks, and security breaches become more prevalent as newer and personalized tech becomes more ubiquitous.<\/p>\n Remember when CloudPets<\/a> stuffed animals left parents emails, passwords, and personal recorded messages were left exposed for hackers? Or the recent Equifax breach?<\/p>\n The more dependent on our devices we become, the more dependent the security risk.<\/p>\n This is where Blockchain comes in.<\/p>\n More than just the force powering Bitcoin, Blockchain is built for decentralized control, being touted as the missing link<\/a> for the success of IoT. Blockchain has an encrypted and distributed public ledger system which creates a safer environment for data unharmed by malicious third-parties as there is no single failure point, unlike the centralized model.<\/p>\n