How do smart contracts enhance IoT security?
An example of an AI chatbot conversation about smart contracts in IoT.
How do smart contracts enhance IoT security?
Smart contracts enhance IoT security by automating transactions and ensuring that devices only interact under predefined conditions.
Can you give an example of how this works in practice?
Sure! For instance, in a smart home, a smart contract can ensure that only authorized devices can access the network, preventing unauthorized access.
What are the potential risks of using smart contracts in IoT?
Potential risks include coding errors in the smart contract, which could lead to vulnerabilities, and the challenge of integrating with existing systems.
How can these risks be mitigated?
Risks can be mitigated by thorough testing of smart contracts, regular audits, and implementing fallback mechanisms to handle failures.
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