Blockchain: The Foundation in which IoT and Crypto Currency Merge

Purchase, trade, or send. These three words are mostly associated with money. Today, the upsurge of cryptocurrency has enabled people to perform the three actions using digital cash. Almost all tech blogs have an ad or a section advertising Bitcoin, Ethereum or an alternate digital currency. The cryptocurrency market is valued at over $100 billion.

Those of a Different Opinion

In a conference presented by CNBC, JP Morgan Chase & Co dismissed the growth of the cryptocurrency saying it’s an imaginary thing. He said that it would spill out of control and eventually get closed. Additionally, he guaranteed that workers would face the sack if they traded on the cryptocurrency level. Experts in the finance and tech industries have also raised concerns about the currency long-term viability. It is without a doubt that the present value is high, but a vast majority are still skeptical about the currency security, and learn more about Jason Hope.

The Internet of Things

While the Internet of Thing remains a darling to many technology enthusiasts, it is subject to misgivings. Hackers have developed sophisticated ways to penetrate personal computers and almost any software and network linked machine. Understandably, these risks and unsettling prospects remain a challenge to the development of IoT. However, to the technology’s seasoned proponents, the Internet of Things is an undertaking that involves taking risks to achieve breakthroughs. According to Jason Hope, IoT is set to make a huge difference in the society.

However, even with IoT devices becoming convenient, there are several challenges and risks involved with their operations. The devices are prone to exploitation by hackers. Jason Hope noted that most of the IoT devices lack the computation strength to enable encryption. Therefore, the devices are incapable of deterring hackers. He called upon the industry to set standards that manufacturers should adopt. The rules go further to enhance the security of the IoT devices, and Jason Hope’s lacrosse camp.

Linking Cryptocurrency Technology and IoT

Blockchain technology was first used by Craig Wright when he launched Bitcoin. It is a decentralized system designed to be virtually nowhere and everywhere all at the same time. As a result, it is practically incorruptible. Employing such technology for IoT devices would go further to enhance their security, and https://ideamensch.com/jason-hope/.

About Jason Hope

Jason hope is widely associated with his interests in Technology. He is also an entrepreneur and philanthropist. He is a native of Arizona. Jason grew up in Tempe. He would then enroll at Arizona State University. Besides politics, Jason hope donates towards several charitable causes. Recently, he pledged $500,000to the SENS Foundation. The institution research’ on biotechnologies that help in cell rejuvenation and consequently, fight age-related ailments.

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