Korea Telecom reveals blockchain IoT security service

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This year in June, Korea Telecom officially announced its blockchain service to secure the Internet of Things (IoT) connected devices via satellite. KT (formerly Korea Telecom) is the countries largest telecom company. This initiative, using KT’s GiGA Stealth technology, was demonstrated at ConnecTechAsia 2019 trade show amongst various other projects.

Other announcements included proposals such as quantum communication for the military and unmanned 5G connected search and rescue drones.

Developed by KT SAT, the firm’s satellite arm, the service utilizes GiGA Stealth to secure the CCTV on ships that use IoT terminals. To prevent hackers from accessing or controlling the cameras, IP addresses of the terminals will only be shown to permitted users. These users are verified by a smart contract on the GiGA Stealth blockchain.

KT has addressed a pressing issue in the world of IoT. Hacking is no longer just about stealing personal details; objects such as self-driving cars or even smart homes could be taken over.

Using blockchain as a solution has been discussed in academic circles, with Hyundai taking an interest. However, KT’s solution demonstrated last week appears to be one of the first to take advantage of existing satellites and 5G connectivity.

GiGa Stealth was revealed in April, initially aimed at smart cars and factories. Last week’s announcement shows that KT is focusing more on intelligence and military applications, with the example of a shipowner monitoring the CCTV remotely and securely. The company is also participating in the blockchain consortia Carrier Blockchain Study Group targeting intercarrier solutions for roaming.

 

 

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The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”