What are the challenges and risks of IoT and Blockchain?

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The scalability problem vis-a-vis the size of Blockchain ledger may effectuate into centralization.

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The Blockchain based IoT ecosystem is comprised of diverse devices that function on different computing capabilities.

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The ledger has to be stored on the nodes themselves, and the ledger will definitely augment its size over a period of time.

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What are the risks of using Blockchain in IoT?

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Vendor Risks

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Credential Security

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Legal and Compliance

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What are the Challenges and Risks that are possessed by IoT & Blockchain

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What are the challenges and risks of IoT and Blockchain?

The scalability problem vis-a-vis the size of Blockchain ledger may effectuate into centralization.

Scalability issues

The Blockchain based IoT ecosystem is comprised of diverse devices that function on different computing capabilities.

Processing power and time

The ledger has to be stored on the nodes themselves, and the ledger will definitely augment its size over a period of time.

Storage will be a big problem

What are the risks of using Blockchain in IoT?

Since Blockchain is a relatively new technology and is in a very nascent stage, there may be numerous problems swept under the rug and have not been detected.

Vendor Risks

The present-day trend is that most of the organizations looking to induct blockchain-based applications deploy the system completely in-house.

Credential Security

Blockchain is a very safe technology and the security is beefed up by its high-security levels.

Legal and Compliance

There is no jurisprudence in the domain of blockchain technology which means there is a lack of a framework that determines right and their infringements.

What are the Challenges and Risks that are possessed by IoT & Blockchain