Comment on Canadian firms launch platform to secure IoT with blockchain

Canadian firms launch platform to secure IoT with blockchain

Two Canadian tech firms are developing secure Internet of Things (IoT) communications using blockchain technology. The Waterloo Record reports on the partnership between Waterloo-based Terepac Corp. and Toronto’s Nuco Inc. The two firms recently launched a platform to secure internet-connected IoT devices using blockchain. Blockchain technology, upon which Bitcoin was built, provides secure, tamper-proof communications and transactions. “Blockchain is expected to transform almost every institution and every company,” said Terepac CEO Ric Asselstine.

 

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