AI and Blockchain will accelerate the adoption of the secure Internet of Things (IoST)
The combination of the Internet of Things, Blockchain technology and Artificial Intelligence will drive the adoption of IoST (Internet of Secure Things). Disruptive technologies such as Blockchain or Artificial Intelligence will take the fourth industrial revolution to the next level.
The next level of the fourth industrial revolution
IoT has been experimenting with new methods such as hybrid architecture. Hybrid architecture combines edge computing and cloud services to improve the way large amounts of data are generated, monitored and analyzed in real time. Blockchain could be the missing link to solve the privacy and reliability issues of IoT and thus drive the adoption of the IoT industry in the coming years and take it to the next level to the fourth industrial revolution.
Blockchain is tamper-proof by the very nature of its technology. DLT technology can save costs and track millions of connected devices in a secure manner. In addition, it allows an immutable record of the collected data history to be maintained without the need for a centralized authority. IoT devices could behave in an autonomous manner through Smart Contracts and it would be possible to keep consumer data more private through cryptographic algorithms. Compliance with regulatory requirements for IoT applications could be carried out in an agile way using Blockchain, thus leaving the traditional centralized model.
Report published by Deloitte where it talks about the Blockchain impact on telecommunications.
On the other hand, Artificial Intelligence also plays a very important role in the Internet of Things ecosystem. It is not enough to simply collect data in a secure way and have it travel in a decentralized way. A very important part of IoT is the quality of the data being taken. The quality of the data could determine the profitability of the project. In addition, it could make you understand what is going on between your IoT devices. The quality of IoT data is important, perhaps even more than the quantity. The data generated by endpoint sensors is what drives decisions and determines actions.
You can ́t make good decisions with bad data. You can ́t make high quality decisions without quality data, and you can ́t have good results without high quality decisions
Shawn Chandler, GridCure chief technology officer and IEEE senior member.
IoT was not ready
Just as ICOS (Initial Public Offering) had its momentum, IoT had its cycle a few years ago. Many saw it as a way to revolutionize everything around us. What they didn't know was that it took a lot of effort, expense and excessive time. IoT and Blockchain are technologies that are in similar stages if we talk about their adoption. The combination of the two could solve the problems that were holding back such advancement. A study conducted by Cisco showed that 60% of IoT initiatives are stuck in the proof-of-concept (PoC) phase. The main issues were data quality, internal expertise and increased time to completion.
Data quality and security
When talking about IoT there are two very important factors: The quality of the data collected and security. The need to protect IoT devices and platforms from both physical manipulation and data theft or denial of service (DoS) attacks are one of the reasons why Blockchain can play a very important role.
Today's IoT ecosystems are based on centralized communication models with intermediaries. These are connected through cloud servers and connections between devices via the Internet. Even with short distances between devices. All this makes them more vulnerable to cyber-attacks. In addition, solutions to these types of problems are expensive due to their infrastructure and maintenance. You can see how cloud servers are a bottleneck. One point of failure could bring down the entire network, whereas with a Blockchain network it does not. According to data presented by Atlas VPN, in 2020 malware attacks on IoT devices increased by 66% compared to 2019.
AirTrace wants to provide a high degree of TAM
TAM stands for "technology acceptance model". It is a theory that models how users accept and use a technology. Airtrace aims to bring Blockchain technology and Artificial Intelligence to the IoT ecosystem in a simple and understandable way for all the public. Thus providing high levels of security for IoT devices within a Blockchain network and reducing costs.
Airtrace has developed a user friendly solution by drag and drop or using our API for easy integration and use of the Blockchain system for IoT sensors. No background in Blockchain technology is required for implementation. In addition, in our articles section we will be publishing tips for help and understanding.
In conclusion, it can be said that the combination of Blockchain and Artificial Intelligence will accelerate this 2022 the adoption and improvement of the IoT ecosystem.