In a world that is increasingly becoming more and more connected and online orientated, IoT (Internet of Things) has seen a huge increase in popularity, everyday objects such as your toaster, to the lightbulbs in your lamp and in some instances, literally the kitchen sink are connected via IoT, brining with it the risks associated with being connected to the internet.





What is the Internet of Things?

In the most broadest of sense, 'IoT' by definition refers to everything that is connected to the internet, however in the current times it is more often being used to define objects and hardware that communicate or 'talk' to each other.

"The Internet of Things is made up of devices – from simple sensors to smartphones and wearables – connected together" - Matthew Evans, the IoT programme head at techUK

Often these devices are they combined with a automated system that can then perform a task or action based on it's parameters. For example, you could setup your Kettle, so that once your Mobile phone connects to your Wifi network when you arrive home, it boils itself so you have a brew ready when you walk in the door. IoT can also link devices across networks, so you could set your phone to send a signal to your home heating system when you leave your works Wifi network, that turns on the heating, and warms up your house in preparation from your return, the list of examples is endless.





What is IoTChain and why is it needed?

IoTChain is a first of it's kind, safe operating system based on the blockchain which is built to use DAG, the next generation of decentralized ledger technology. Designed to solve the current serious security problems of IoT, it aims to meet with the high demand and degree of usage scenarios of the IoT network. The tokens will be used as a form of payment to connected devices for sharing their data and non-intrusive personal information when connected to the network.

For example, in the 2015 Ponemon Report (Found here) it was found that it takes an average of 256 days for a malicious attack to be identified, and 158 days for breaches caused by human errors to be identified. This huge average delay means that by the time the company has realized there’s been a breach, when it comes to IoT connected devices on a home network, some people may never realize that they have been breached, a great example of an IoT device proving access to a network was in the news recently, when hackers stole a database from a casino via a thermostat in a fish tank inside the casino.

For an idea of how many malicious attacks occur in a single day, norse have created a website that tracks in real-time, attacks throughout the word, you can see this on their website, here: http://map.norsecorp.com/





Summary



IoTChain is designed to provide an extra layer of security for your IoT connected devices, a solution that is much needed in the currently 'always connected' world. Using a blockchain, lite based OS will ensure that communications between networks ate secured, and locked down while not impacting the service or automation of the connected IoT devices. on top of this, users can be rewarded in ITC tokens by their IoT device providing generalized data that cannot be tracked back down to an individual users. Simply put, IOTChain are the security that IoT devices need in the current climate.

If you'd like to get your hands on some IoTChain tokens for free, checkout their bounties which are available here: https://bounty.iotchain.io/

Otherwise, If you'd like to stay up-to date with the project, checkout their social media channels below;



Website: https://iotchain.io/

Telegram: https://t.me/IoTChain

Twitter: https://twitter.com/iot_chain

Reddit: https://www.reddit.com/r/itcofficial/



