Solving internet’s weak link for blockchain and IoT applications

Abstract

Blockchain normalizes applications that run on the internet through the standardization of decentralized data structure, computational requirements and trust in transactions. This new standard has now spawned hundreds of legitimate internet applications in addition to the cryptocurrency revolution. This next frontier that standardizes internet applications will dramatically increase productivity to levels never seen before, especially when applied to Internet of Things (IoT) applications. The blockchain framework relies on cryptographic private keys to sign digital data as its foundational principle. Without the security of private keys to sign data blocks, there can be no trust in blockchain. Central storage of these keys for managing IoT machines and users, while convenient to implement, will be highly detrimental to the assumed safety and security of this next frontier. In this paper, we will introduce decentralized and device agnostic cryptographic signing solutions suitable for securing users and machines in blockchain and IoT applications.