CDSA

Major Companies Investing in Blockchain Solutions for IoT Security (IoT Institute)

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More enterprise applications vendors are making plays in the cybersecurity space, and many are beginning to latch on to blockchain for IoT for its promise of handling the unique challenges presented in securing transactions related to devices, according to a new report by Harbor Research.

Microsoft, Cisco and Red Hat each acquired startups to bolster their IoT security portfolios, and Apple, Cisco and Google made notable investments in artificial intelligence during the month of May, according to the Boulder, Colo., IoT strategy and research consultancy.

Harbor Research explores interesting trends each month in the IoT space, performing detailed analyses of moves by major IoT vendors and interesting players. Researchers found that nearly $500 million was invested in IoT security in May, according to the “Internet of Things Investment and Corporate Development Report,” published in June.