It’s so unusual to come across an exceptional blend like Blockchain and the IoT. The question that comes up is - how do blockchain and the internet of things work? How are they compatible?
The thought of blending the two techs is still far and scary to many. Things, however, are changing. The real possibilities, I believe, have not even been explored until now. Blockchain, in its simplistic manifestation, is a system of data-keeping that is trustless and irrefutable. Internet of things is all about connecting any device to the internet and to other IoT enabled devices. This means that it gathers data without manual intervention.
Can you imagine a scenario where IoT provides accurate information for blockchain to store? This will be the best case scenario from a data purity point of view.
There is an overabundance of benefits when contemplating building smart machines capable of interacting with the help of IoT and operating via blockchain. This will become a key feature of government initiatives across the world.
We have used Blockchain and IoT combination, among others, to make a comprehensive solution. In days to come as we talk more about our Blockchain backed Smart City solution, exciting things are in the pipeline.