Blockchain enabled IoT can eliminate the IoT gateway or any filtering device required to establish network among cloud, administrator, sensors and devices. Expelling such ‘middle man’ can enable peer-to-peer contracts and data sharing. In this process, the digital ledger eliminates the additional time required for synchronizing device and processing and harvesting information.
However, eliminating the IoT gateway provides conduits for malicious malware and security breach. The blockchain enabled IoT network can tackle it by installing features such as, malware detection, and encryption engines. Thus, AORA Y Ventures is building trusts amongst the consumers and encouraging them to spend their cryptocurrencies securely through their platform.
