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IDG Contributor Network: Blockchain ripe for IoT security and monetization

Discussion in 'Network World' started by RSS, Aug 15, 2016.

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    Both the securing of the Internet of Things, as well as the monetizing of it, are roles for blockchain technology, experts say.

    In one developing case, the Isle of Man, a self-governing British dependency located just off the U.K. mainland, is testing the use of a blockchain prototype to try to preemptively see-off IoT hacking, according to Financial News, which wrote about the island’s efforts.

    The island is a financial center and is looking to expand its offerings through fintech. It’s already involved in digital currency.

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