According to a study by Gemalto, one of the world’s leading digital security companies, the blockchain is the right solution for more than half of the companies that are not able to detect IoT security breaches. The study entitled “The State of IoT Security” lists 950 IT specialists and managers of global companies. Only “48% of companies would therefore be able to detect if IoT equipment has been breached“. Even if a general awareness is to be noted, technical gaps remain. In 2018, cybersecurity spending represented 13% of the total IoT budget compared to 11% in 2017. In addition, “90% of companies believe that this is an important issue for their customers“. According to Gemalto’s report “Connected Living in 2030”, consumers are reluctant to participate in the IoT and “62% of them consider that safety improvements are necessary“.
Gemalto’s first IoT study highlights that “79% of companies want clear and robust government guidelines for IoT security“. The desire for uniformity of IoT regulations is particularly welcome. The blockchain is therefore an alternative solution to more traditional methods (IoT data encryption). Between 2017 and 2018, the adoption of this technology for IoT security jumped from 9% to 19%. In addition, 73% of companies based in the Middle East have expressed an interest in using this technology.