Blockchain Adoption in IoT Industry More Than Doubled in 2018: Survey

Blockchain adoption in the Internet of Things (IoT) industry more than doubled over the last 12 months, a survey conducted by major Dutch cybersecurity firm Gemalto reveals Jan. 15. According to the survey, firms in the IoT industry are increasingly turning to blockchain tech, with adoption of blockchain more than doubling from 9 to 19 percent in the past 12 months. Gemalto reportedly surveyed 950 information technology (IT) and business decision makers globally. According to the survey data, 90 percent of the companies think that IoT device security is a significant consideration for customers and 79 percent are requesting more robust government-issued security guidelines. The report notes that — while presumably waiting for governments to intervene with regulation — the industry is turning to blockchain as a potential solution. Nearly a quarter (23 percent) of the respondents believe that this technology “would be an ideal solution for securing IoT devices.”