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Blockchain in IoT Security?
Let’s chat about blockchain technology, shall we? If you know almost nothing about blockchains, then it’s probably easy to conflate it with so-called cryptocurrencies like Bitcoin and Ethereum. Those are systems where someone magically created a store of money – well, a store of some sort of artifact that becomes money only when someone decides it’s a good idea to pay for them with officially recognized money (which some refer to as fiat currency, literally meaning, “Let there be money” – which pretty well describes cryptocurrency as well). Those systems happen to rely on blockchain technology for robustness and decentralization.
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