Do you have an interest in IoT? How to secure your personal details? Is this question is in mind?

Do you want to know about blockchain and IoT development?

There are many people from different countries that are interested in blockchain technology. If you can communicate with them because of the different languages you can use a translator app that you can download for android or iphone.

Blockchain and IoT are a match made in heaven, as one technology complements others for the holistic development of data science. If one technology produces humongous data then other technology helps to decentralize the data to make it highly secure. Sounds a bit complicated?

Don’t worry, this article has got you covered for a brief about everything related to Blockchain and IoT for the security of your personal data.

About IoT development in the recent days

Internet of Things is connecting our everyday devices with the internet. This makes our lives faster and better. It is estimated that there are about 23.14 billion  IoT connected devices as of 2018. The internet now connects every device including cars, cameras, home appliances, and other electronic devices.

The number of devices getting connected will continue to grow. This brings us to the major discussion of IoT app development.

Most applications on the internet like Facebook, Google, Amazon have our important personal data. They are all stored on centralized servers. This, as an IoT app developer, how do you ensure the security of such data? It is evident that any device or app you create needs to be connected to the internet. But IoT is not designed to secure customer data.

This is because it is centralized and vulnerable. This is something that is worrying about several development companies. There is surely a solution to keep all your data safe. This solution leads a different way to blockchain application development.

How does blockchain help securing IoT?

A number of questions are raised concerning the IoT security. This is a serious issue as it costs your customers’ privacy. Blockchain effectively handles this issue with IoT security. The main idea of blockchain technology is that it uses many servers to store data. One cannot just modify data on the blockchain.

This is because it is an open-distributed ledger or otherwise called as a public ledger. This stores data on multiple servers permanently. So this makes it very difficult for hackers to track down every single server.

This means you need not look for a third-party app to secure the data for IoT app development. Many blockchain app development companies in India make use of blockchain technology for security.

The benefits of blockchain for IoT app development is plenty. We have a list of some of them below.

• Blockchain prevents common loss of internet connectivity. This means that you will never experience loss of the internet anytime. This is necessary for IoT as it is used even in cars while driving.
• Data gets distributed, hence making it difficult for attackers to steal your data. If attackers try hacking the blockchain server it will cost them a lot.
• One can do device authentication or identification quickly with blockchain. This can keep all your customers’ data safe and secure. Tracking of all the connected devices is simple with blockchain.
• It can massively improve your computation capabilities. This can prevent your company from facing system crashes, data loss, etc. It makes the handling of different data at the same time much easier. Indeed, blockchain allows the smooth running of your devices.
• IoT needs decentralization and immutability. Blockchain technology fulfills this. These are using cryptographic algorithms that ensure the safety of data.
• With the help of blockchain, every device connected to IoT is maintained. This keeps a history of all the smart devices connected to the internet.
  
  

Securing your data with blockchain and IoT

Blockchain and IoT applications were new before a few years. But now they have become an integral part of the app development process. Enterprises and internet giants like Google consider this as the new enhancement. They have also started implementing this technology with applications.

However, blockchain is not 100% secure. In case the hacker manages to decode at least 51% of the processing system, then they can simply steal all data. But decoding 51% is not that easy. This is why a company chooses Blockchain over other methods of securing data.

For any application, there is a massive flow of data. Blockchain can be an effective process and manage this data. Just like Bitcoin mining takes place, you can set up the blockchain with a ledger. This blockchain completely takes charge of your incoming data. It maintains a track of every single data, distributes them and then stores permanently.

You will need processing power to maintain the blockchain. This is obtained from end-users or those who support blockchain. You can hire them to maintain the processing power and manage blockchain.

Working of Blockchain with IoT

Today a lot of devices including security cameras, memory chips involve processors. Managing them all at once is very difficult. Having only the onboard processing capacity cannot help in these cases. Slowly the number of devices will increase in your company. Then it will become even tougher to handle them.

When you are enabling blockchain, this processing power is easily distributed. This is how blockchain works for your IoT application. It can manage any amount of data input efficiently. Distributing and re-distributing your processes is very important for multiplying your revenue.

The blockchain is working out really well for a lot of applications. These both are ideal for each other. This is because of the popularity of IoT. This is combined with blockchain’s ability to process huge amounts of data. You also allocate the processing power well. This makes it a perfect idea for IoT app developers.

Conclusion

Wrapping up, let us understand the benefit of using blockchain in IoT. This will help blockchain development and the IoT app developers. So this will lead to the creation of more and more apps based on blockchain and IoT.

1. It builds trust among your customers. When you add blockchain technology to your IoT apps, they feel a sense of security while using it. This will bring in a lot of new customers.
2. You can cut down the cost of development. This is done as there is no third-party app involved in giving security. Hence, you save development costs and also increase revenue.
3. This will speed up all transactions. In fact, blockchain in IoT can archive all the transaction records of the network.

So, start integrating blockchain in IoT application development. This will make you a smart business owner or app developer.