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Build Secure IOT Solutions using Blockchain
This document discusses using blockchain technology to build more secure Internet of Things (IoT) solutions. It begins by outlining some of the major security challenges facing IoT, including high-profile hacks that have impacted systems like HVAC and medical devices. It then provides an overview of blockchain technology, explaining how its distributed ledger model can replace middlemen and enable more open, trustworthy and secure digital record keeping through the use of techniques like smart contracts. The document presents several case studies of companies applying blockchain to improve IoT security for applications such as home rentals, solar energy tracking, and drone deliveries. It concludes by recommending some starting points for working with blockchain and IoT security, like the Ethereum platform.
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Build Secure IOT Solutions using Blockchain
- 1. Build Secure IoTsolutions Using… Blockchain October, 2016 Geeta Chauhan
- 2. Agenda • IoT -rising security attack surface • Blockchain to rescue • Case Studies • Where to start?
- 3. IoT Security Challenges •Straight out of a James Bond movie plot • Target – HVAC, POS security breach Cost ~$300 Million • Gartner 5.5 Million Devices Connected per day • Hacking via Baby monitoring • Car brought to halt on freeway • Insulin pump hacked with deadly dose release
- 4. What is Blockchain? •An Immutable record of digital events shared peer to peer between different parties • Distributed Ledger • Open + Trust + Secure • Replaces MIDDLEMAN • Bitcoin Smart Contracts DApps, DAOs Source: Economist.com
- 5. Blockchain + IoT=> Secure IoT • Secure Identity • Transparency • Smart Contracts • Decentralized Source: IBM.com
- 6. Use Cases • Slock.it– Secure Airbnb • ElectricChain.org Solar electricity generation data • Drone delivery for medicines via secure window • Food safety enforcement Sensors + GPS Source: Slock.it
- 7. Smart Contract • Self-enforcing programmatic contracts •EtherScripter: Timed house rental
- 8. ElectriCChain.org • 7 Million •Solar electricity generation data • Open Source • SolarCoin Source: ElectriCChain.org
- 9. Where to start? •Ethereum Smart Contracts http://www.ethereum.org • IBM Watson IoT http://www.ibm.com/internet-of- things/iot-news/announcements/private-blockchain/ • Filament https://filament.com/technology/ For more details contact geeta@sustinnova.com
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