Blockchain for IoT Security

Peer-to-Peer Architecture and Security Technologies for IoT Applications: Nine Key Industry Players

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Pages: 33
Tables, Charts,
     & Figures:
Publication Date: 1Q 2019
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Blockchain technology is finding its way into more and more areas of global business. Dozens of use cases have been identified across areas such as payments, processing and settlement, microtransactions, asset management, identity and access management, automated compliance, and prediction markets. The benefits of block chain in these areas include cost reduction (through the removal of central agencies and intermediaries), new business model generation, and tokenization (replacement of traditional fiat currencies with those of blockchain investors and founders).

Many of the most developed use cases involve financial transactions. However, due to the inherent security attributes of decentralized, redundant ledgers, hashing/encryption, and other privacy-preserving techniques used by blockchains, security-related applications are also significant. Simultaneously, the Internet of Things (IoT) is growing rapidly despite persistent concerns about the security of endpoints and the mission criticality of many IoT applications. The telecommunications industry is optimistic about generating new revenue from the provision of IoT services.

This Tractica report examines how players in the blockchain industry – especially ambitious startups – are building and using blockchains to enhance IoT security. The study explores the challenges of IoT security and where blockchain works best. It discusses various types of blockchain and emerging architectures, as well as several business models different companies are using. Profiles of nine key industry players that are creating or supporting various IoT security-related applications for blockchain concepts are also included.

Key Questions Addressed:

  • How can blockchain technology enhance Internet of Things (IoT) security?
  • Which key industry players are making blockchain concepts suitable for use in IoT applications?
  • What are the different types of blockchain and emerging architectures?
  • What are some of the main challenges in IoT security and where does blockchain work best?
  • What are the overlapping roles in the emerging market structure for IoT security-related blockchain applications?
  • How are the key players positioned in the blockchain for IoT security market and what initial market sectors/use cases are they targeting?

Who Needs This Report?

  • Blockchain technology companies
  • Internet of Things (IoT) service providers
  • IoT security companies
  • Telecom operators and service providers
  • Telecom network equipment providers
  • Enterprise end-user organizations
  • Government agencies and regulators
  • Government agencies and regulators

Table of Contents

  1. Executive Summary
    1. Overview
    2. Key Findings
    3. Companies Covered
  2. Market Issues
    1. Challenges in Internet of Things Security and Where Blockchain May Help
      1. Blockchain to the Rescue?
    2. Where Blockchain Works Best
      1. Types of Blockchain and Emerging Architectures
        1. Public vs. Private, and Inter-Blockchain Connection
      2. Blockchains and DAGs
      3. Business Models and Tokens
        1. The Opportunity for Telecom Players
    3. Market Maturity and Structure
  3.  Key Industry Players
    1. Introduction
    2. AnyLedger
    3. Atonomi
    4. Chain of Things
    5. Filament
    6. IOTA Foundation
    7. IoTeX
    8. KrypC
    10. Xage Security
  4.  Conclusions
    1. A Slow Evolution
    2. Potential Not Yet Realized
  5. Company Directory
  6. Acronym and Abbrevation List
  7. Table of Contents
  8. Table of Charts and Figures
  9. Scope, Sources, Methodology and Notes

List of Charts, Figures, and Tables

  • Tractica’s Analysis of Market Structure in Blockchain-Based IoT Security
  • IoTeX’s Approach to Using Blockchain in IoT Applications
  • Tractica’s View of Selected Vendor Market Position and Focus