The Internet of Things is here — and blockchain technology is the key. Learn how the security and transparency of distributed ledger technologies can boost customer trust, unlock new business model use cases for IoT, plus deliver real ROI, when you join this VB Live event!
From wearables to wind turbines, the application of sensors on the things around us has become ubiquitous. But even with a projected 10 billion more devices connecting to the Internet in the next four years, the IoT still suffers from a lack of shared architecture to interconnect, nevermind authenticate or monetize distributed machines.
This doesn’t just limit business model success and ROI, but customer value, product utility, security, compliance, and innovation made possible through data. And analysts are pointing to blockchain for IoT as the future.
Blockchain is a peer-to-peer distributed ledger technology designed for transactional applications. With a list of cryptographically secured data records, each hardened against both tampering and revision, blockchain can help reduce costs, accelerate transactions, and build trust between people and parties who transact together.
Because it’s decentralized, blockchain has the power to massively reduce the cost and complexity of operating businesses. You’re gaining the ability to track and trade any data point across the world efficiently and securely, without added infrastructure, since data is traded on a peer-to-peer basis and the cost — in both money and time — of the middle man has been eliminated. Read more from venturebeat.com…
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