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
|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.