24 December 2018 01: 30 & nbspUTC
24 December 2018 at 01: 30 & nbspUTC
The introduction of technology has led to rapid environmental, economic, social and corporate changes globally with the use of the Internet. Space constraints in interaction and communication have been eliminated. He also started the integration of new paradigms and models for our daily activities for both individuals and organizations.
Making the IoT supported by Blockchain a reality
It would be really unrealistic to say that we are already there. Blockchain technology still needs to be refined over time and has to solve some problems that could prevent the management of a fully functional IoT infrastructure –
- Blockchain is still a field ultimately, and its energy consumption needs to be addressed before seeing true adoption.
- There is a further question regarding the use of blockchains for data security: by definition, a blockchain is a distributed database. Second level solutions are required for the storage and transmission of information to meet the cases in which this must be kept confidential.
- Another big problem with technology is the scalability of blockchain. For the purpose of IoT, it is important that transactions are as immediate as possible in the instant. If you are dealing with high data throughput, then it is necessary to vaporize coherently. For example, it is possible to consider the importance of monitoring the vital signs of a patient hospitalized.
- There is still a blockchain iteration that can handle the lion's share of transactions every second. One will have to see the stale of Ethereum according to the output of CryptoKitties to see this. That said, we are working on different solutions all over the world to combat this problem.
As technology matures, the future looks even brighter for IoT technology and blockchain technology. And if that were to happen, this would be clearly complementary.
In one corner, there is a growing amount of modern devices that can collect and transmit information to a server.
In the other, it is a secure network that eliminates the traditional attack vectors connected to centralized databases.
The merger of the two domains promises to revolutionize an innumerable number of industries.