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Blockchain Is a Key Technology for the Development of Internet of Things (IoT) Solutions
( go to the article → https://datafloq.com/read/blockchain-is-key-technology-development-internet-things-iot-solutions/8220 )
Blockchain has gained enormous attention since it was first launched as a form of distributed ledger technology back in 2011 - and not only for its cryptocurrency potential. From revolutionising the music, real estate, logistics, recruitment and healthcare industries, to upending the way we receive funds and pay bills, blockchain has been hailed as transformational on many fronts. But it's the convergence of blockchain and the Internet of Things (IoT) that is on the agenda for a great number of companies, as it slowly dawns on us that blockchain could provide the solution to perhaps the greatest challenge of IoT: third generation security.For those of us who aren’t as technologically-savvy as they’d like to be, the IoT describes the system of interrelated computing devices, mechanical and digital machines, or other objects that are able to transfer data over a network, with no human-to-human or human-to-computer interaction required. The IoT describes the interconnection of computing devices embedded in everyday objects, like connected security systems, cars, electronic appliances, alarm clocks, speaker systems, baby monitors and so forth. Thanks to the development of incredibly cheap computer chips and the pervasiveness of wireless networks, there are now billions of physical devices and objects ...Read More on Datafloq
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