The Internet of Things: Overcoming Obstacles

The Internet of Things: Overcoming Obstacles

1 June, 15:00–16:15

In discussions about the fourth industrial revolution, a concept which is often mentioned is ‘the Internet of Things’. The Internet of Things refers to an ecosystem of objects which are interlinked by means of being connected to the Internet and which are able to collect and share information from the external environment. In the contemporary world, the Internet of Things has already become prevalent in a wide range of technological applications such as the ‘smart home’, ‘smart parking’ systems, and Apple Watch, among others, and offers consumers benefits such as simplifying workflows, ensuring a safe environment, and saving energy. However, the prevalence of data exchange inherent in such systems is raising concerns about security. What steps should be taken to determine and regulate the amount of personal information companies may collect and how they can use it? Will universal rules be developed and applied, or will regulation remain predominantly the purview of individual nations? Are there technical solutions that can ensure that the Internet of Things remains secure and could advances in blockchain provide a solution? What responsibilities do intermediaries between manufacturers and users bear in the event that the manufacturer breaches the user’s personal data rights?


Key moments

There are two key concepts of the blockchain: decentralization, which means a network organized automatically by itself. In this way, all transactions online are transparent […] And the second concept of cyber security is cryptography.
Sven Wagenknecht
Editor-in-Chief, BTC-ECHO Bitcoin & Blockchain News
One thing we know is that, if there is money involved, people will not only use blockchain, but also develop ideas about how to steal money using it.
Mark Gazit
Chief Executive Officer, ThetaRay
The consumer is rather ignorant about his security when involved in the Internet of Things, so there is a need for better education, for better risk management, and the role of the government should be to resolve this issue.
Irmgard Glasmacher
Managing Director – Accenture Strategy, Middle East, Africa, Russia and Turkey
From the standpoint of e-commerce, there remain issues of personal data security, customer identification, and managing loyalty programmes based on these. Blockchain technologies could provide a solution to these problems.
Dmitry Kostygin
Сhairman of the Board of Directors, Ulmart
It is important to resolve technological security issues as they arise. Regulations run the risk of stifling technological development. We must look for a balance between progress, the digital revolution and security concerns.
Andrey Kuzyaev
President, Chairman of the Management Board, Member of the Board of Directors, ER-Telecom Holding
The main value to be brought to fruition by the Internet of Things lies in commerce. It will enable us to collect data, analyse it, and draw conclusions based on information that isn’t being used right now.
Vladimir Cernavskis
Partner, Head of Telecom, Media and Technology Practice in Russia, McKinsey & Company
If the Internet of Things actually develops into billions of data junctions, expenses associated with data transfer will fall considerably.
Andrey Kuzyaev
President, Chairman of the Management Board, Member of the Board of Directors, ER-Telecom Holding
‘Smart cities’ will make us happy and save years of our lives.
Andrey Kuzyaev
President, Chairman of the Management Board, Member of the Board of Directors, ER-Telecom Holding