Blockchain and IoT are best viewed as business tools, not just some new technological innovations. When combined they have the potential to drive the construction industry towards effectiveness, accountability, and transparency. Whilst there are still several hurdles to overcome, their potential to reshape the construction industry for the better is simply too great to be missed.
Although the majority of companies know about IoT, not many understand the value they can extract from machine data right now; it’s all about the communication ability between the shop floor and the business environment.
Utilizing blockchain and IoT will enable businesses to not only protect gas pumps from skimmers, but also other critical equipment.
Food traceability is finding increased demand in food retail. The article looks at IoT and blockchain as two major technologies converging to power new supply chain tracking solutions, with real-life cases as examples of their application.
Before meshing new IoT elements into your network, you should consider how it fits as part of a comprehensive, end-to-end security strategy.
Blockchain's embedded, distributed trust architecture could enable secure end-to-end data transfer for IoT use cases.
Blockchain and IoT can be integrated to address issues with transparency, record verification for the logistics sector.
Blockchain is as a P2P distributed ledger forged by consensus and combined with a smart contract system. It could reinforce IoT security.
Blockchain and AI technologies are converging in interesting ways. Innovative companies are leveraging that convergence to serve the world at scale.
IoT and blockchain could help us better govern and monitor our environmental impact, coordinating economic development with environmental conservation.