Blockchain may be the right tool to allow Internet of Things (IoT) deployments to achieve their full potential.
Mention blockchain in the watercooler chat, and odds are that it evokes notions of cryptocurrencies, like Bitcoin, and covert financial transactions. But in the enterprise world, blockchain is much more than an ultra-secure, digital financial ledger or another “over-hyped” new technology.
When combined with the Internet of Things (IoT), blockchain drives new value propositions and new business models, while addressing transparency, complexity and even some security challenges surrounding data transactions. In many ways, blockchain is the “missing link” that enables IoT deployments to achieve their full potential