Asset tracking extends the IoT beyond the smart home and into the real world, enabling poeple to manage things remotely across existing cellular networks. This can be used in any number of ways, tracking all manner of items from expensive equipment and tools, to trucks, cars, bicycles and even pets.

The core value from IoT stems from data. The data from IoT sensors is very raw possibly consisting of a temperature, location, or pressure reading; and, because this raw data can come from many different sources, the key differentiator for IoT is the ability to aggregate data stemming from different places using analytics capabilities. IoT data insights allow organizations to tap into knowledge they’ve never had access to before, an incredibly powerful capability. Once refined, the data can come together to be fed into applications and solutions, turned into insight, and applied as knowledge that among other things can help to grow or expand a business.

Data can be derived from any number of IoT devices such as sensors and actuators. The data may come in any manner of shape and form ranging from temperature, pressure, motion, and distance. Typically sensors connect through a gateway because they cannot communicate directly over the internet. Getting the connector to communicate over the wide area network or the internet requires connecting in an open interoperable, scalable and secure manner. On the web, when people talk through services they are using a single protocol, HTTP — which is open and interoperable. In the same way, IoT devices need to be connected in an open, a scalable manner, where everything is interoperable and secure.

This is where Hdac come into play, by integrating blockchains with the IoT makes it easy to implement confidentiality with integrity, a necessary condition for ensuring reliable connections and secure processing between devices. To do so, the connected devices respond to fabrication and modification attacks, thereby enhancing the mutual reliability of communication. In particular, the blockchain contains an ability to cope with external attacks through complex mathematical encryption of the transaction ledger contained within the block. In addition, the blockchain uses a decentralized rather than centralized method, which has the advantage of making it difficult for hackers to determine the attack target. These features minimize the impact of individual attacks on IoT devices to the entire device.

Hdac is creating a reliable ecosystem in which transaction services run across the general Hdac space and the private, purpose-built objective blockchains by configuring the private and public blockchains so they are interconnected.

Hdac private blockchain will solve the security problems by protecting the network through the “Safe IP” method, whereby the threat of external attacks is much diminished.