blockchain a game changer for securing IOT data PPT

Blockchain science has the achievable to revolutionize the way records are saved and transmitted on the internet, specifically for the Internet of Things (IoT). Here are a few methods that blockchain may want to be a game-changer for securing IoT data:

1). Decentralization: One of the principal facets of blockchain is its decentralized nature, which means that it is now not managed by using a single entity however as an alternative operates on a community of computers. This makes it plenty tougher for hackers to breach the system, as they would want to achieve management of a majority of the nodes in the community in order to do so.

In a decentralized network, there is no central factor of control, which means that there is no single server or central authority that hackers can goal in order to obtain get admission to the network. Instead, the community is allotted throughout a massive wide variety of nodes, every of which has a reproduction of the blockchain and participates in the consensus procedure to validate transactions.

In order to effectively hack into a decentralized blockchain network, a hacker would want to achieve management of a majority of the nodes on the network. This is recognized as a "51% attack." However, this is extraordinarily challenging to do, specifically for massive networks with many nodes, as it would require a sizeable quantity of computing electricity and resources.

Additionally, even if a hacker has been in a position to obtain management of a majority of the nodes on the network, the decentralized nature of the blockchain capability that there would be more than one copy of the blockchain saved on one-of-a-kind nodes. This makes it hard for the hacker to alter the statistics on the blockchain, as they would want to concurrently alter the facts on all of the copies of the blockchain in order to be successful.

Overall, the decentralized nature of blockchain technological know-how makes it a good deal more difficult for hackers to obtain management of the community and get entry to or alter records saved on the blockchain.

2). Immutability: Another key function of blockchain is its immutability, which means that as soon as information is recorded on the blockchain, it can't be altered. This makes it a good deal more difficult for hackers to tamper with or delete necessary data, as they would want to attain management of the whole community in order to do so.

The immutability of blockchain technological know-how is accomplished thru the use of cryptographic techniques. When information is recorded on the blockchain, it is mixed with a special code, acknowledged as a "hash," which is generated by the usage of a cryptographic hash function. This hash is then brought to the blockchain, alongside the hash of the preceding block of data.

Once records have been recorded on the blockchain, they can't be altered barring altering the hash of that block and all subsequent blocks in the chain. However, altering the hash of a block would require a hacker to manipulate the majority of the nodes on the network, as they would want to attain consensus on the altered model of the blockchain. This is extraordinarily challenging to do, in particular for massive networks with many nodes, as it would require an extensive quantity of computing strength and resources.

Therefore, the immutability of blockchain science makes it a lot more difficult for hackers to tamper with or delete facts saved on the blockchain, as they would want to attain manipulate the whole community in order to do so. This makes it an attractive science for storing essential facts that desire to be invulnerable and tamper-proof.

3). Encryption: Blockchain science makes use of sturdy encryption to invulnerable data, making it an awful lot more difficult for unauthorized events to get admission to it.

Encryption is a technique of encoding facts so that it can solely be accessed or examined by anyone with the ideal decryption key. In the context of blockchain technology, encryption is used to impenetrable facts that are saved on the blockchain and transmitted between nodes on the network.

There are more than a few kinds of encryption algorithms that can be used in blockchain technology, however, one of the most typically used is the Advanced Encryption Standard (AES). This is a symmetric key algorithm, which means that an equal key is used for each encryption and decryption. The key is a string of bits that is used to scramble and unscramble the data.

When records is recorded on the blockchain, it is encrypted the usage of the AES algorithm and the applicable decryption key. This makes it a lot more difficult for unauthorized events to get entry to the data, as they would want to gain the decryption key in order to decrypt it.

Overall, the use of encryption in blockchain science helps to impenetrable information saved on the blockchain and transmitted between nodes on the network, making it lots more difficult for unauthorized events to get entry to it.

4). Smart contracts: Blockchain science additionally allows the use of clever contracts, which are self-executing contracts with the phrases of the settlement between customer and vendor being at once written into traces of code. Smart contracts can be used to automate a range of approaches and limit the threat of fraud.

Smart contracts are self-executing contracts with the phrases of the settlement between client and vendor being written at once into strains of code. The code and the agreements contained therein are saved and replicated on the blockchain network and can be performed mechanically when sure prerequisites are met.

One of the foremost advantages of clever contracts is that they can be used to automate a number of procedures and limit the hazard of fraud. Because the phrases of the contract are written into the code and saved on the blockchain, they are obvious and tamper-proof. This capacity that it is a good deal tougher for events to the contract to dispute or alternate the phrases of the agreement, as the phrases are routinely enforced by means of the code.

Smart contracts can additionally be used to automate the execution of positive movements when sure prerequisites are met. For example, a clever contract ought to be set up to robotically launch a fee to a vendor when positive milestones are reached in a project. This can assist to streamline methods and limit the chance of fraud or disputes.

Overall, the use of clever contracts in blockchain technological know-how can assist to automate a variety of techniques and minimize the danger of fraud, making it a beneficial device for corporations and organizations.

5). Improved safety and privacy: By the use of blockchain technology, agencies can enhance the protection and privacy of their data, as properly as the protection and privateness of their customers' data.

Private/permissioned blockchains: In addition to public blockchains, there are additionally personal or permissioned blockchains, which are constrained to a positive crew of licensed users. This can assist to enhance the privacy of statistics saved on the blockchain, as solely approved customers will have to get entry to it.

Overall, the use of blockchain science can assist companies to enhance the safety and privacy of their data, as nicely as the safety and privacy of their customer's data.

the use of blockchain technological know-how has the workable to substantially enhance the safety of records transmitted over the internet, especially for the IoT.