IEEE's Future Directions Programs Target Reliability
In this interview conducted at AWE 2019 in Santa Clara, Kathy Grise, IEEE Future Directions Senior Program Director, discusses the importance of reliability in today's technologies and how IEEE Future Directions is addressing this and other important concepts throughout its many initiatives, such as Blockchain.
Blockchain Consensus for the Internet of Things
"Blockchain-based IoT solutions are well suited for simplifying business processes while reducing overall costs and security threats. As an example, IoT can exploit blockchain technology to build trust among untrusted devices or federated IoT areas, reduce infrastructure costs, and accelerate data exchanges."
The Potential of Blockchain for IoT
Expected to become a three billion dollar industry by 2025, the global blockchain Internet of Things market is expanding rapidly. Some benefits of utilizing blockchain in IoT include: protecting data against tampering, enabling increased autonomous functions through smart contracts, and even combating hackers by shutting down compromised devices in an IoT network.