Gemalto reports increase in blockchain use for securing the Internet of Things

The use of blockchain-based technology to help secure Internet of Things (IoT) data, devices, and services doubled last year, a report from Gemalto has revealed. According to the company's The State of IoT Security report, released on Tuesday, blockchain has emerged as a potential aid to the IoT security dilemma, with adoption of the technology surging from nine percent to 19 percent in 12 months. In surveying 950 IT and business decision-makers from around the world, Gemalto heard that 23 percent of respondents believe that blockchain technology would be an ideal solution to use for securing IoT devices, with 91 percent of organisations that are currently not deploying the technology likely to consider it in the future. "As blockchain technology finds its place in securing IoT devices, businesses continue to employ other methods to protect themselves against cybercriminals," the report says.