Last week, IoTeX joined NKN and OwnYourData Foundation to host a webinar on “How to Protect Your Smart Home in 2020”. We explain the inner workings of today’s smart homes, as well as common vulnerabilities, and also describe how emerging technologies like blockchain will impact the future smart homes of tomorrow.
In this week’s discussion, we would like to ask you and share thoughts on:
Which one of the frontier technologies described in the webinar — blockchain, secure hardware, decentralized identity, encrypted communications, IoT standardization — will have the largest impact on our future smart homes and cities?
Submit your answers by Monday, April 26, 9 PM PST to be eligible for rewards
Rewards: Most interesting 3 answers will receive 1,000 IOTX EACH + all of the participants will be entered in the community scoreboard for March
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Well, let’s try to think from the reverse: what can be done in another way? As we already know, blockchain is not even the only possible ledger, so it could be competitive, but there could be lots of other different secure decisions. Standardization could be good, but experience shows that different corporations usually prefer originality, I think, that it would not be differently in case of IoT, so it could be good and positive, but would also have just a part of the market.
Now as for decentralized identity and encrypted communications. At my point of view there would be no other way of implementing of secure and private decigions for IoT. Private data should be encrypted and the access to this data should be secured with decentralized identity. And this would impact the most, because I see no other other solutions in the same areas.
An excellent webinar took place. Congratulations to the IoTeX team.
My opinion on the question of which technology will have more influence is ALL. Only thanks to the together work of all components it is possible to achieve one hundred percent technical implementation of smart homes and cities, which will function without failures.
I believe that at the moment when all these components will become a single mechanism like in a Swiss watch, then a smart home/city will become an integral part of our life. @Artanovskaya
Every other identities can can be think of is not secured and the data stored is never guarantee. Unlike decentralized Identity which is hope of common man and business owners. It is such an identity that enable personal control, immutable and protection of personal information. It enables data ownership to individual, individual/corporate devices and businesses. It can be discovered and recovered from other type of devices at any time with aid of individualized private keys.
Take for instance, centralized identity such as the one that enable us to access services being provided by various providers via their web or apps with the help of username and password will always be at mercy of these services providers.
Ucam provided by Iotex is a purely configured as decentralized identity, the ownership of data and information remained with individual and businesses owners. Smart home devices that are configured on decentralized identity in no long distance time will received highest patronages from the consumers. These type of smart home devices will have the biggest impact on our future smart homes and cities
It seems to me that the main component should be secure hardware, but any other parameter can act as an addition to it. if the equipment obviously has a vulnerability, then no other security path can block this vulnerability. this should be made first. and then superimposing all the components on top of one another, we can get the world of the future - smart homes and smart cities that will operate reliably, safely and without risks. @SaleAccSF
I think decentralized identities will have a huge impact. When you look at some of the key players involved with decentralized identities it’s very telling. Comapnies like Microsoft and IBM really seem to be focused on this paradigm shift. Couple that with all the privacy related issues we’ve seen, I think people are warming more to the thought of changing the way they share, access, and control their personal information.
Majority of the common electromagnetic devices used at home before now and some presently are vulnerable to one form of attack to another, due to a lot imperfection arises from technology gap of these devices development. Secure hardware is the way to go, it is already having impact on our smart homes and cities. It is the future of data security that is not subject to any manipulation by the owner nor third party.
It guarantees integrity and confidentiality of all the data passes through while executing any transaction. Take for instance, ledger devices uses secured hardware to protect our private keys. This enables blockchain investment portfolio of any individual to be secured and easily accessible without any fear of hacking. It does not allow users access developers’ credibility by getting into Trusted Execution Environments(TEE) and run new processes within them.
The main advantage of this is that, it does not give room for any form of post development manipulations. Also, no technological knowledge is required for it usage. It can be accessed by everyone irrespective of their professional backgrounds without losing ones sleep or peace. Secure hardware will have the largest and greatest impact on our future smart homes and cities.
The aforementioned technologies are all great and has really contribute a lot to shaping our future smart homes/Cites. But, our smart homes/cities will no longer be ours if we have no control over our data.
It makes no sense living in a home or city with fear of insecurity. Living in a digital world where data can be easily harvested or sold out by third party. I think individuals has the right to own their data. The smart devices we choose to own, the data, should be fully under the control of the owner without any third party access.
From all justification, this can only be achieved through decentralized identity. Here data management is totally under the discretion of the owner without any third party interference. Meaning that security level is above 85%, which is really a positive impact on our smart homes/cities. @Free_ibelieve
Smart cities or homes is the new deal these days, all these frontier tech will have big impact in the future but the fact remains that everybody would like to control everything around him by the push of a button or a slide of a touch screen, yet no one wants to hacked or his privacy breached.
I discovered that secure hardware, IoT standardization, decentralized identity, encrypted communications can actually be built on blockchain technology and blockchain technology is can not be hacked. So blockchain can be a base for other sectors to make them very secure.
Watch the full webinar on-demand now! 
Submit your answers by Monday, April 26, 9 PM PST to be eligible for rewards
Rewards: Most interesting 3 answers will receive 1,000 IOTX EACH + all of the participants will be entered in the community scoreboard for March
