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Market Research Report

Blockchain for IoT Security: Peer-to-Peer Architecture and Security Technologies for IoT Applications - Nine Key Industry Players

Published by Omdia | Tractica Product code 781886
Published Content info 33 Pages; 3 Tables, Charts & Figures
Delivery time: 1-2 business days
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Blockchain for IoT Security: Peer-to-Peer Architecture and Security Technologies for IoT Applications - Nine Key Industry Players
Published: February 4, 2019 Content info: 33 Pages; 3 Tables, Charts & Figures

Blockchain technology is finding its way into more and more areas of global business. Dozens of use cases have been identified across areas such as payments, processing and settlement, microtransactions, asset management, identity and access management, automated compliance, and prediction markets. The benefits of block chain in these areas include cost reduction (through the removal of central agencies and intermediaries), new business model generation, and tokenization (replacement of traditional fiat currencies with those of blockchain investors and founders).

Many of the most developed use cases involve financial transactions. However, due to the inherent security attributes of decentralized, redundant ledgers, hashing/encryption, and other privacy-preserving techniques used by blockchains, security-related applications are also significant. Simultaneously, the Internet of Things (IoT) is growing rapidly despite persistent concerns about the security of endpoints and the mission criticality of many IoT applications. The telecommunications industry is optimistic about generating new revenue from the provision of IoT services.

This Tractica report examines how players in the blockchain industry - especially ambitious startups - are building and using blockchains to enhance IoT security. The study explores the challenges of IoT security and where blockchain works best. It discusses various types of blockchain and emerging architectures, as well as several business models different companies are using. Profiles of nine key industry players that are creating or supporting various IoT security-related applications for blockchain concepts are also included.

Table of Contents

Table of Contents

1. Executive Summary

  • 1.1. Overview
  • 1.2. Key Findings
  • 1.3. Companies Covered

2. Market Issues

  • 2.1. Challenges in Internet of Things Security and Where Blockchain May Help
    • 2.1.1. Blockchain to the Rescue?
  • 2.2. Where Blockchain Works Best
    • 2.2.1. Types of Blockchain and Emerging Architectures
      • Public vs. Private, and Inter- Blockchain Connection
    • 2.2.2. Blockchains and DAGs
    • 2.2.3. Business Models and Tokens
      • The Opportunity for Telecom Players
  • 2.3. Market Maturity and Structure

3. Key Industry Players

  • 3.1. Introduction
  • 3.2. AnyLedger
  • 3.3. Atonomi
  • 3.4. Chain of Things
  • 3.5. Filament
  • 3.6. IOTA Foundation
  • 3.7. IoTeX
  • 3.8. KrypC
  • 3.9.
  • 3.10. Xage Security

4. Conclusions

  • 4.1. A Slow Evolution
  • 4.2. Potential Not Yet Realized

Tables & Figures

  • Tractica's View of Selected Market Position and Focus
  • Tractica's Analysis of Market Structure in Blockchain-Based IoT Security
  • IoTeX's Approach to Using Blockchain in IoT Security


  • Public blockchain
  • Private blockchain
  • Internet of Things (IoT)
  • Trusted execution environments (TEEs)
  • Decentralized apps (DApps)
  • Directed acyclic graph (DAG)


  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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