A friend recently told me that we are not ready for IoT well in truth I can't really argue with him. Nobody wants to be a victim of a hack nobody wants to deal with the social and psychological effect of being attacked by hackers. the movie industry on a regular basis is doing well as to show us the implications of any technological inventions.





If you have watched I.T. (2016) I believe you will agree with most IoT skeptics on why it's important you stay away from IoT but that is no longer the case the Internet of Things (IoT) is undergoing a massive transformation thanks to innovative technology like blockchain. You don't have to live in fear because your IoT device is no longer controlled by a centralized server but by a distributed network of computers. What this means is that your data is no longer in the care of one person or organization but rather it safe and secured in a decentralized network where you have total power over it.

The purpose of this article is to discuss the two important problem facing the internet of things and how ITC wants to tackle it. In case you are wondering what ITC is, IoT Chain (ITC) is a well developed lite operating system that uses the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, allowing data to be layered and stored in a decentralized manner and providing protection with the combined strength of the millions of IoT nodes within the network. for more information read their whitepaper or visit ITC website.





Problem 1: Traditional attack techniques damages IoT devices.



A botnet is a network of systems combined together with the purpose of remotely taking control and distributing malware. Did you know that according to statistics, Botnets of Things have infected more than 2 million IoT devices, for example, the cameras? Another common attacking techniques used by hackers is the man-in-the-middle concept, this is a situation where an attacker or hacker is seeking to interrupt and breach communications between two separate systems. It can be a dangerous attack because it is one where the attacker secretly intercepts and transmits messages between two parties when they are under the belief that they are communicating directly with each other. The result of this kind of attacking techniques is very disastrous because it can be carried out on anything from industrial tools, machinery, or vehicles to innocuous connected "things" such as smart TV or garage door openers. A denial of service (DoS) attack happens when a service that would usually work is unavailable. There can be many reasons for unavailability, but it usually refers to the infrastructure that cannot cope due to capacity overload. In a Distributed Denial of Service (DDoS) attack, a large number of systems maliciously attack one target. This is often done through a botnet. Currently, the security model based on closed source (often called “security through obscurity”) has exposed its potential safety hazards and will be abandoned gradually and be replaced by a new security model, “security through publicity”.



ITC Solution:

IoT Chain (ITC) will be using the asymmetrical encryption. so long as the private key is secured, the data cannot be cracked even if it’s collected. and also, all the nodes in ITC are equal, which protects the users’ privacy. And most importantly, based on the proven fact that blockchain cannot tamper, the manufacturers and service providers will not be able to tamper with users information.







Problem 2: High cost of centralized architecture

The cost of running the IoT service on a centralized server is super expensive. the IoT manufactures typically work on small margins to the extent that they do not generate enough profits to support and maintain the equipment for an extended period. Meanwhile, it will require a huge sum of money to serve hundreds of billions of smart devices, let alone the high maintenance fees associated with a centralized server for distributing and updating software. here is a stat to drive the point home, The operating costs of WeChat servers for 600 million users have reached above 300 million Yuan per month. Now there are 4.9 billion devices online, the annual operating costs of servers will be 29.4 billion Yuan and the number is still increasing rapidly every year.



ITC Solution:

In the future ITC shall have thousands of nodes and they will be totally adequate to cope with the needs of IoT data storage with a combo of blockchain's distributed ledger technology. Thanks to the decentralization of blockchain, there is no need for highly‐intensive computer clusters. Both technologies have dramatically reduced the operating and maintaining costs of the whole IoT.







It is pretty obvious that ITC wants to be the bringer of progress to the IoT sector well I want them to succeed because the only way I can enjoy next decade is if my home is 100% smart so next time you want to watch a movie go for one that shows the positive side of IoT, not the negative side.







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