Blockchain makes the Internet of Things transparent and secure.
Blockchain is a huge database that maintains a continuously growing set of data records. Some characteristics are:
One of the major challenges which IoT is facing today is its security model. IoT architecture is based on client/server model. All devices are identified, authenticated and connected through cloud servers that support huge processing and storage capacities. This centralized architecture is making the IoT ecosystem vulnerable if security is not thought of by design.
The decentralized, autonomous capabilities of the Blockchain make it an ideal component to become a foundational element of IoT solutions. It is not a surprise that enterprise IoT technologies have quickly become one of the early adopters of Blockchain technology. We at Mobiloitte is welcoming this trend by working on these types of projects.
Future Ready Apps & Digital Experience With Blockchain, IoT, BOTS & Artificial Intelligence!