Download
1 / 8
90 likes | 232 Views
Let's explore the rapid transformation taking place in IoT and Blockchain Technology. The complex deployment of IoT application can be perfectly executed with blockchain technology - a distributed ledger that authenticates and seamlessly secure data.
E N D
Welcome to Root Info Solutions
Is the fusion of Blockchain and Internet of Things Big-time Opportunity Following the hype from a few years, still, the Internet of things continue to be in vogue. Well, blockchain is the new buzz of the recent time. However, just at the beginning of their adoption curve, both are poised to be world-changing technologies. Many tech experts believe that the fusion Blockchain and IoT will emerge as an exciting vision of future possibilities.
IoT Technology: Is an ecosystem of the interconnected physical object via the Internet enabling them to send and receive data. This simply means that the connected technology allows the objects to interact with internal or the external environment. Blockchain Technology: It is "an open, distributed ledger that can record transactions between two parties effectively and in a provable and perpetual way.
IoT is everywhere is steadily growing in popularity and capability to become one of the most ubiquitous technologies. According to Gartner, at the end of 2017, there were approx 8.4 billion connected devices in use. The research measured 31% increase, as compared from the previous year and the numbers are still increasing. It's estimated that there will be upwards of 20 billion connected devices by the end of 2020, further the numbers are expected to hit 500 billion by 2030. The implications of this revolution in connectivity extend is far beyond smartphones and private houses only. In fact, it has already taken over the industrial scale to everything from farming to healthcare, banking to logistic, people would have hardly believed. It's a harsh reality but there is still a far way to go in order to establish helpful IoT systems that run securely, efficiently and autonomously. Blockchain shows promises to ease that burden which has proved incredibly difficult.
How Can Blockchain Help In Deploying IoT in An Efficient Manner? Based on cryptography - a secured, immutable distributed ledger technology - Blockchain offers a way to intensify the IoT framework allowing automated resource optimization and native security. Many mobile app development companies look forward to deploy IoT leveraging Blockchain technology to solve security-related issues. Blockchain Technology increases security establishing a decentralized interaction and data exchange by delivering scalable, distributed security and trust to IoT app development. The technology uses hashing algorithms to build an inevitable record of transactions, and that data can be encrypted and obtained through public and private keys.
Host of real-world digital business issues that can be solved applying a blockchain model in an IoT network: Analytical Model Tracking: Blockchain allows the system to record metadata and results concerning the logic performed at the edge of the network for the regulatory compliance, and conceive a permanent history. And provide information on why certain “decisions” were made during IoT processing. Secure Software Updates: Generally, Security depends on authentication, connection, and transaction, and failure to achieve even any can cause major security flaws. In order to manage access to data from IoT devices, any attacker would have to go through an additional layer of security that is underpinned by the most dynamic encryption measures available in the blockchain.
