Encrypted websites handle more than half of the world's web traffic, but the way they work hasn't changed much in 20 years. The current system relies on a global network of certificate authorities to verify public keys and the owners of secure websites, which has long been criticized for creating central points of failure, that have actually failed in some cases. Blockchain technology could provide the basis for a decentralized secure alternative.
Up Next in Blockchain
Four areas where blockchain technology aligns well with the Internet of Things: (1) supply-chain management; (2) devices that sell capacity or other services to other devices; (3) devices that sell sharing-economy services to humans; and (4) devices that sell or share data with other devices or third parties.
The Internet of Things and Blockchain Technology
In the latest example of a public agency considering blockchain technology as a mechanism for cataloging changes in land ownership, the UK's national land registry is looking to test blockchain for improving the speed and efficiency by which land titles change hands.
UK Land Registry Plans to Test Blockchain in Digital Push
HM Land Registry has revealed it is looking to test blockchain as part of a digitization effort called 'Digital Street'.