Blockchain is nothing new. Originally proposed in 1982, and eventually harnessed in 2008 as the technology behind Bitcoin, blockchain acts as an immutable publicly distributed ledger. Each block cannot be edited and cannot be deleted. It is secure, decentralized and tamper-proof.
These attributes hold immense value for IoT infrastructures, and point the way to a more transparent future. Blockchain technologies can be used to support IoT deployments by improving decentralization, heightening security and bringing better visibility to connected devices.
In an accelerating digital world, here are five key ways in which IoT and blockchain can work together to improve outcomes for businesses.
1. Data authenticity for quality assurance
Thanks to its immutability, blockchain can add a robust framework to quality assurance processes. When an organisation combines IoT and blockchain technologies, it can rapidly and accurately detect any instances of tampering with data or goods.
For example,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...