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ROADMAP
• The Risk Landscape
• Securing IoT Today
• What is Blockchain?
• Securing IoT with Blockchain
• Blockchain in Practice - Filament
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SECURITY BY DESIGN
• Important to incorporate security into all
phases of IoT product design and
deployment.
• Require manufacturers to address all
known vulnerabilities.
• Over-the-air security updates are critical.
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WHAT IS BLOCKCHAIN?
• Blockchain is a decentralized ledger.
• There is a peer-to-peer Internet-connected common
network of nodes.
• The nodes operate under common rules (protocol).
• For a transaction to be included in the blockchain,
the network must reach consensus on the compliance
of such transaction with the applicable protocol.
• Nodes are responsible for validating transactions
and helping to maintain consensus.
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BLOCKCHAIN IN PICTURES
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BLOCKCHAIN CHALLENGES
• In August 2017, a hacker pulled off the 2nd largest digital currency
heist ever and stole $31 million worth of Ether in minutes.
• The hack was made possible by exploiting a vulnerability in the
default smart contract code that the Parity client gives the user
for deploying multi-signature wallets.
• The attacker essentially reinitialized the contract by delegating
through the library method, overwriting the owners on the original
contract.
• Due to nature of blockchain, the hack cannot be
reversed.
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Blockchain in Practice:
F I LAM E N T
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OPPORTUNITY
SOLUTION
USE CASES
TEAM
APPENDIX
PROBLEM
Filament’s team
OPPORTUNITY
was able to
SOLUTION
retrofit this drill
USE CASES in less than one
TEAM week.
APPENDIX
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APPENDIX
PRODUCT
DETAILS
• As a digital representation of the
device for identity and discovery
PIPELINE DETAILS
BLOCKCHAIN
Filament • For immutable “proof-of-
USAGE leverages the payment” record (receipt)
SECURITY
Blockchain in a • When applicable, for the payment
DECENTRALIZED
ADVANTAGE few specific ways directly between devices or
directly between humans and
RADIO DETAIL devices
INDUSTRIAL
CHALLENGES
• No leaking of metadata
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APPENDIX
PRODUCT
We believe • Central servers are a bottleneck
DETAILS there’s to free markets
PIPELINE DETAILS fundamentally
• In centralized systems, privacy
BLOCKCHAIN more value in a concerns slow down adoption
USAGE
decentralized
SECURITY
internet of things • Devices must be able to
operate independently of their
DECENTRALIZED
ADVANTAGE
than in a siloed manufacturers
one.*
RADIO DETAIL
• The cloud is not available in
INDUSTRIAL many circumstances
*Source: Declaration of Device
CHALLENGES
Independence
PIPELINE DETAILS
BLOCKCHAIN
USAGE
BLE for short-range
device connections Bluetooth WiFi Filament
SECURITY
5,000
DECENTRALIZED devices
DENSITY
ADVANTAGE
RADIO DETAIL
Sub-GHz for long-range
connections and difficult
INDUSTRIAL environments
CHALLENGES
Bluetooth WiFi Filament
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QUESTIONS?
CONTACT US
Allison Clift-Jennings, CEO, Filament
allison@filament.com
@amcjen
Evan Glover, Chief Software and Services Counsel, NCR
Corporation
Amanda Witt, Partner, Kilpatrick Townsend & Stockton LLP
awitt@kilpatricktownsend.com
@AMWitt
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• Once you’ve answered all three questions, tap “Done” and you’re
all set
• Thank you!
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