By doing away with a central authority in internet of things (IoT) networks, blockchain technology can reduce the risk of IoT devices being compromised by a single point of security failure.

At the heart of the problem is the security architecture of the IoT, an inherently distributed client-server model that uses a central authority to manage IoT devices, along with all the data generated across an IoT network.

Blockchain removes this single point of decision-making that leads to failure, by enabling device networks to protect themselves in other ways, such as allowing devices to form group consensus about what is normal within a given network, and to quarantine any nodes that behave unusually.

The second aspect, is to form trust in IoT data by enabling what he called the five digital security primitives: availability, auditability, accountability, integrity and confidentiality.

In blockchain, data is automatically stored in many locations and is always accessible to users. For auditability and accountability, a private, permission-based blockchain is used – where all users are authorised to access the network – and because all data stored on the blockchain is signed, each device is accountable for its actions.

Source: The-Next-Wave-of-IoT-Asia https://www.computerweekly.com/news/252433944/How-blockchain-can-secure-the-IoT

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