Nicolas Windpassinger: Blockchain and the Internet of Things: 2 of the 5 elements that will change your world

Even if blockchain technology must still overcome some challenges, there has recently been a clear change in the attitudes and initiatives regarding the technology behind cryptocurrencies.

Moreover, the use cases and spending patterns have become more defined, showing more clearly how blockchain is converging not only with the Internet of Things (IoT), but also with the foundations of a digital economy (this latter based on the trend of governments investing in blockchain programs and projects). On the first of February 2018, the European Commission launched the EU Blockchain Observatory and Forum, and announced that they will fund projects up until 2020. Estimates indicate that the Commission will fund projects that could draw on blockchain technologies for up to €340 million.

more iot news