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Good afternoon, sir and everyone.My name is Himanshu Omar and Today, I'm going to talk
about one of the most exciting and innovative technologies of our time - blockchain and iot.
Blockchain and IoT are two emerging technologies due to their potential to disrupt various
industries.
Blockchain provides a secure and decentralised platform, while IoT enables devices to
connect and communicate with each other. When we combine both, It enable secure and
efficient data sharing, improves supply chain management, and enhances the overall
efficiency of various systems.
Let's dive into the world of blockchain and iot and explore their endless possibilities.
What is BlockChain ?
Will You all know that many famous companies like IBM,Microsoft,Walmart, and JP Morgan
use Blockchain technology for various purposes like security and transparency.
Are you aware of how blockchain technology can revolutionise the way we handle data and
transactions?
For This transaction a block is created which contains relevant information related to the
transaction and has some unique id.
If valid, Block is added to previously exciting blocks. And all data is made public for
transparency.
But this was not the case when we talk with reference to iot application
In public blockchains anyone can join the blockchain without the approval of third-parties,
and act as a simple node or as miner or validator
What Is IOT’s
That allow them to collect data and communicate with other devices over the
internet
Enhanced Security : Offers a full proof secured network for IOT devices
to communicate with one another.
Increased Efficiency : Blockchain can help manage vast amount data
by creating a decentralised and transparent network, making it easier to
store, manage and access information efficiently.
Increase Transparency: Combining IoT and blockchain creates a
transparent network that is publicly accessible, promoting transparency
in supply chains and other business processes.
Firewall Against DDoS Attacks : Detect Spam traffic and increase and
decrease bandwidth needed to deal with DDoS attacks.
Real Time Tracking: Can offer the correct location of any good without any
interference.
Stronger Cloud Management: It help to encrypt all IOT data before sending
to cloud Storage.
Cryptographic Algorithms
1.Symmetric key algorithms: In these algorithms, the same key is used for both
encryption and decryption. Examples of symmetric key algorithms include Advanced
Encryption Standard (AES), Data Encryption Standard (DES), and Triple DES.
2.Asymmetric key algorithms: In these algorithms, two different keys are used for
encryption and decryption. Examples of asymmetric key algorithms include RSA and
Elliptic Curve Cryptography (ECC).
2.Elliptic Curve Cryptography (ECC): ECC is a public-key cryptography algorithm
that uses elliptic curves to generate public and private keys.
3.Hash functions: These algorithms take an input and generate a fixed-size output
(called a hash). Hash functions are commonly used for data integrity and message
authentication. Examples of hash functions include SHA-256d, SHA-256, and Scrypt.
•With blockchain, it is possible to track every movement of goods through a supply chain,
from the manufacturer to the end customer.
•IoT devices can be used to gather data about the location and condition of the goods, while
blockchain provides a tamper-proof record of every transaction.
• This can help to reduce fraud, errors, and inefficiencies in the supply chain, leading to
cost savings and improved customer satisfaction.
The company uses blockchain to track products from suppliers to stores, and IoT
sensors to monitor the condition of products during transport.
HealthCare
In this seminar, we will explore the potential of this powerful combination and
discuss its real-world applications.