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Data Security for the Internet of Things
Distributed ledger technologies (DLT), commonly referred to as blockchain technology, are likely to disrupt many industries. Although blockchain’s potential for transforming financial services is well known, this technology’s impact on other areas is less understood. To learn how DLT can facilitate the Internet-of-Things (IoT) revolution, I interviewed Wilfried Pimenta de Miranda (INSEAD GEMBA ‘13), Head of Business Development at the IOTA Foundation. This is what I learnt:IOTA is a non-profit foundation registered in Germany. IOTA’s founders have developed the Tangle, an open-source communication and transaction protocol for the IoT. Blockchain remains an early-stage technology which is yet to reach production readiness and large-scale deployment across industries.
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