IoT is still centralised and vulnerable, what’s the solution

It’s Invest Diva’s Kiana Danial https://www.investdiva.com/ with News BTC and today we’re taking a look at the Internet of Things (IoT), its shortcomings, and possible solutions. As the Internet of Things collects huge amounts of data, storing this data in a centralized way in itself remains one of the major challenges. As an example of the consequences of storing customer data’ insecurely, iot-analytics provides a case with a UK based telecom and internet provider that was subjected to several cybersecurity breaches where customers’ data was exposed. Hackers were able to easily access and steal millions of customers’ credit card and bank details during a sustained cyber attack. Another example of issues with IoT being centralized can be showcased in the medical industry. For example, millions of sleep apnea patients rely on breathing machines to get a good night’s rest and the provision of such machines has become common practice in the insurance industry. One of the patients discovered that the device helping him breathe at night was also spying on him. As it turned out, the machines were tracking when the patients were using them and sending the information not just to their doctors, but to the health insurer too. So what gives? What facilitates vulnerable data accumulation that can easily fall into wrong hands? From an enterprise’s perspective, robot-controller, robot-manufacturer and logistics manager interact with each other by sending signals to the IoT platform. So in case of any failures, the whole process is endangered. This is when we should consider a decentralized marketplace to eliminate shortcomings in platforms such as the IoT. Decentralization means devices will communicate with each other directly. Airalab, a team of Russian engineers, came up with an infrastructure for cyber-physical systems’ collaboration. Their Robonomics Network platform allows designers of smart cities to build a marketplace without a centralized party. The communication between humans and machines fits into transactions. The liability contracts which execute the relationships between users and devices are available to be purchased in a decentralized market. Connecting robots to this decentralized marketplace enables the direct sale of data from robot sensors to interested parties as well as the performance of logistics services without human participation. Applying this at scale in production, logistics and urban life may well allow developers and designers of new industrial zones foster trust between people and the IoT world. Now I’d like to hear from you. Do you trust you IoT platforms? Do you think a decentralized marketplace can help with the shortcomings? Let me know in the comments, and subscribe to get more of my updates.

IoT is still centralised and vulnerable, what’s the solution

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Kane Dane