CHAPTER 1

Blockchain of Things

With the history of cybercrime, Internet of Things (IoT) systems are not safe today. Hackers could attack different components—the physical device, the network, the encryption, or the software. It means that the obvious issues of privacy, security, and identity verification must be addressed.

This further implies that a basic IoT system for businesses will have to include plenty of different integral components—a safe platform, edge tiers managing the devices, contextual rules, multiple protocols, various data formats, and storage. Of course, all these elements will have to be interoperable between unique and dynamic networks.

Our current IT systems seem to be simply underqualified for such large tasks. They often ...

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