IoT (Internet Of Things) is now a very popular topic. This technology performs many fun and interesting tasks through various devices and sensors around us. While there is great interest in this field, there have also been many technological advancements. However, the biggest challenge that makes IoT implementation difficult is security. Since it operates with small sensors, implementing complex security measures is tough. As a result, IoT devices can be easily hacked. Many are coming up with solutions to this problem, but what’s catching everyone’s attention is an IoT device developed by a company called Helium. Their devices use blockchain technology. Blockchain has already been used in digital currencies like Bitcoin, and a vast global economy now relies on this method. Applying it to IoT will add a new dimension. Technologists believe Helium will be used even more widely in the future.
One of the key founders of Helium is Shawn Fanning, who first gained widespread recognition in 1999 for creating Napster. Napster made it easy to share music and files over a p2p network. Similar processes are being used in Helium, which is why people are optimistic about Fanning’s work. For this reason, the founders of Helium didn’t face many obstacles in establishing the company.
References:
- https://www.helium.com/
- https://www.technologyreview.com/s/611108/this-company-hopes-its-cryptocurrency-can-help-the-internet-of-things-reach-its-true/
- https://en.wikipedia.org/wiki/Helium_Systems
