IoT technology is evolving faster than ever, but with this rapid development comes a growing need for comprehensive regulations. Governments and industry bodies worldwide are working to establish standards that ensure the security and safety of IoT systems. For businesses, understanding and adhering to these regulations is critical—not just to avoid penalties but also to maintain customer trust.
The Current State of IoT Regulations
In recent years, significant strides have been made in IoT regulations. The General Data Protection Regulation (GDPR), introduced in Europe, has set a global benchmark for data privacy. Meanwhile, the United States has introduced sector-specific guidelines, such as the IoT Cybersecurity Improvement Act, which focuses on securing federal IoT devices.
However, these regulations are just the beginning. With the number of connected devices expected to exceed 75 billion by 2030, regulatory frameworks must evolve to address emerging threats. This includes setting standards for data encryption, device authentication, and secure software updates.
How Chariot Ensures Compliance
Navigating the regulatory landscape can be daunting for businesses, especially when operating in multiple jurisdictions. The Chariot Project simplifies this process by embedding compliance features directly into its IoT systems. From the design phase onward, Chariot ensures that devices meet or exceed industry standards for privacy, security, and safety.
For example, Chariot’s hardware-rooted trust model aligns with key compliance requirements by securing data at its source. Additionally, its cognitive computing platform automates compliance monitoring, alerting businesses to potential risks before they become violations.
Preparing for the Future of IoT Compliance
The future of IoT regulations will likely include stricter guidelines for artificial intelligence, ethical data usage, and environmental sustainability. Businesses that adopt proactive strategies today will be better equipped to adapt to these changes.
By partnering with Chariot, organizations can not only meet current regulatory requirements but also future-proof their operations against evolving standards.