Even though IoT enables devices to remain interconnected and allow real-time tracking, the security vulnerabilities of IoT remain unaddressed. Enter Blockchain. By integrating IoT with Blockchain, the data shared among the devices over the internet is stored in the form of immutable tamper-proof records, enhancing the overall accountability and security.
Benefits of Blockchain IoT
Reduced Operational Cost
Efficient Resource Tracking
Enhanced fuel efficiency
Preventative maintenance
Streamlined Operations
Some Use Cases of Blockchain in IoT
Blockchain IoT opens countless opportunities for businesses to run smart operations. Let’s see the impact of Blockchain & IoT on various industries.
Automotive industry
Blockchain IoT in the Automotive industry has led to the development of fully automated vehicles.
Supply Chain
We can improve the network’s reliability, traceability & transparency in the global supply chain.
Pharmacy
By employing Blockchain technology, counterfeit drugs can be eradicated.
Smart Homes
By integrating IoT & Blockchain, the security in smart homes is enhanced by many folds.
The scope of Blockchain In IoT is not limited to Automotive industry, supply chain, pharmacy and smart homes. The billions of IoT-powered smart devices offer a perfect opportunity to build a new smart ecosystem for secure information exchange.
