Hudson Jameson, co-founder and COO of Oaken Innovations, discusses the need for a layer of blockchain security for IoT devices, how it works, and the surprising ways it can be used.
When IoT devices were first being designed, security wasn’t their biggest concern. Because of this, it is possible for unauthorized individuals to break into your device’s vulnerable points. While this may not be a huge concern for devices like baby monitors, it will be critical for devices such as autonomous cars. Oaken Innovations’ solution is to use ethereum blockchain, and other distributive storage and centralized solutions, to make sure that transactions have true machine-to-machine payment and security, while simultaneously having this security layer function in the background. They have tested their solutions on cars, and even on utility meters, and have won a government-sponsored Hackathon.
For more information, to get involved, or to hear some exciting end-of-year updates, visit www.oakeninnovations.com.