Blockchain Technology can be Critical to IoT Infrastructure Security

IoT makes it possible to connect previously closed devices and appliances to the Internet and allow users to control their operations remotely. However, as more closed systems are made accessible online, they also become increasingly vulnerable to cyberattacks and hacks. An emerging technology alongside IoT which offers much promise in helping secure connected devices is blockchain technology. While blockchain technology gained prominence originally in the world of fintech by ushering in the revolution of digital payments, this underlying technology behind the success and rise of cryptocurrencies could play an important role in cybersecurity, especially in the IoT space.