Kadena has announced plans to bring improvements to the Internet of Things (IoT) sector through its grantee, Crankk. IoT currently faces challenges around security and scalability, which Crankk aims to address.

Crankk has identified that the core issue lies in IoT's reliance on centralized systems, making them vulnerable to security breaches, downtime, and unauthorized access. Additionally, routing all data through cloud servers poses a single point of failure risk and limits the system's ability to handle increasing IoT device loads.

Maintaining centralized systems is also expensive for clients in terms of managing device numbers, data traffic, and operations. Kadena's decentralized wireless infrastructure solution by Crankk leverages blockchain technology to solve these problems.

The solution aims to improve data privacy and transmission security using distributed ledger technology for transparent and tamper-proof data management and storage, reducing the risk of unauthorized access.

Crankk's solution enables clients to support large numbers of devices and integrations by utilizing smart contracts to streamline interactions and automate processes, enhancing efficiency.

As blockchain and technological adoption increase, new business models and revenue streams are expected to emerge, enabling peer-to-peer transactions, micropayments, distributed energy management, and supply chain tracking.

The developments have been positive for Kadena, with its native KDA token trading at $0.607, up 0.54% in the last seven days. Price predictions suggest KDA could cross $1 by the end of 2023.

Crankk's implementation aims to increase transparency and accountability among stakeholders, while providing tangible benefits to clients through Kadena's decentralized wireless infrastructure solutions for the IoT sector.