Blockchain and the Internet of Things: A Winning Combination

-
Blockchain, the distributed ledger that eliminates any need for a central authority, has been gaining momentum since the last year. From being a technology that backed a cryptocurrency to becoming mainstream for a secure and robust recording of transactions, Blockchain has come a long way.

Blockchain technology is changing all aspects of doing a digital business. Another technology that has been altering business operations and giving birth to newer opportunities is the Internet of Things buzz. Connecting all devices, or things to the Internet and deriving knowledge from them, or building practical applications on them, is a trend that organisations have well embraced.

The billions of smart things getting connected with each other and with humans can transform cities, homes, and lives. But, this immense interconnection also brings us to the same old worry about the security of big data and information.

Imagine a botnet attack a group of these devices. What are we to do then? To the rescue, Blockchain comes. Security of transactions and operations is the one thing Blockchain technology promises, and the one thing the Internet of Things technology lacks!

Through a winning combination of IoT and Blockchain, a lot of challenges that face IoT can be reduced and a lot of ...


Read More on Datafloq

Comments

Post a Comment

Popular posts from this blog

Underwater Autonomous Vehicles Helping Navy Get More for the Money 

-
Image
By AI Trends Staff     As the  US Navy  strives to get to a 355-ship fleet by 2034, part of a 30-year plan the Navy outlined in 2019, it is finding it economical to use underwater autonomous vehicles. They meet many of the requirements of larger submarines at a fraction of the cost.     For example, the Navy awarded Boeing a $43-million contract to build four Orca Extra Large Unmanned Undersea Vehicles (XLUUVs) last year, described in a release from  USNI News .      Boeing based its winning Orca XLUUV design on its Echo Voyager unmanned diesel-electric submersible. The 51-foot-long submersible is launched from a pier and can operate autonomously while sailing up to 6,500 nautical miles without being connected to a manned mother ship, according to the Navy.   In military spending terms, the versatility of the Orca at the price is “fairly unheard of in military spending,” according to an account in  The National Interest . The nearest equivalent was cited as the Navy’s Littoral Com
Read more

Canada regulator seeks information from public on Rogers-Shaw deal

-
(Reuters) - A Canadian regulator on Tuesday asked for information from the public on telecom company Rogers Communications Inc's planned C$20 billion ($16 billion) purchase of Shaw Communications Inc to check for competition concerns. The deal announced in March to create Canada's second-largest cellular and cable operator has attracted regulatory scrutiny. The Competition Bureau said in August it obtained court orders to advance its review. The regulator on Tuesday asked market participants and Canadians to come forth with information that could assist the regulator's probe on whether the deal will reduce or prevent competition. The Competition Bureau said its review was ongoing and no conclusions have been made. ... Read More on Datafloq
Read more