Coindesk – Adoption of Blockchain to Secure IoT Doubled in 2018, Says Gemalto

coindeskThe use of blockchain technology to help secure internet of things data, services and devices doubled last year, according to a recent survey by digital security firm Gemalto.

In a report published Tuesday, the firm said blockchain adoption in the IoT sector grew from 9 percent to 19 percent in 2018, even though the industry is still awaiting regulation around the tech.

Jason Hart, CTO of data protection at Gemalto, stressed the need for regulatory clarity in a statement, saying:

“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach.”

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