This is stated in the report of the company Gemalto, specializing in digital security.
During 2018, the use of the blockchain in the Internet of Things services and devices increased from 9 to 19 percent. This happens despite the global legal uncertainty around this new technology.
During the study, Gemalto surveyed 950 experts in technology and business. 23% of respondents expressed confidence that the distributed registry technology would be the “ideal” solution for ensuring the security of IoT devices. Moreover, 91% of companies that do not use blockchain today, plan to correct this fact in the future.
Given the increase in the number of IoT-enabled devices, it's extremely worrying to see that businesses still can't detect if they have been breached. With no consistent regulation guiding the industry, it's no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.
Despite the gradual increase in the use of blockchain-based solutions, the mass adoption of technology is still far away. Companies mainly rely on other security methods. In particular, 71% of respondents are limited to data encryption, 66% - methods based on passwords, 38% - prefer two-factor authentication. It is also noteworthy that about half of the companies cannot reliably determine whether their IoT devices were hacked.
The overwhelming majority of respondents (95%) are convinced that standardization is necessary for safety methods.