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Blockchain means big changes for IoT: Are you ready?

Blockchain means big changes for IoT: Are you ready? | #IoT #IBM #RT

  • There are three key benefits to using blockchain and IoT together: – – Leveraging blockchain for your IoT data offers new ways to automate business processes among your partners without setting up a complex and expensive centralized IT infrastructure.
  • Using IBM Watson IoT Platform and blockchain together enable Internet of Things (IoT) devices to participate in blockchain transactions.
  • Specifically, IBM Watson IoT Platform enables IoT devices to send data to private blockchain ledgers for inclusion in shared transactions with distributed records, maintained by consensus, and cryptographically hashed.
  • Blockchain’s distributed replication allows your business partners to access and supply IoT data without the need for central control and management.
  • The result: Blockchain with IoT together becomes a potential game changer by opening the door to invent new styles of digital interactions, enabling IoT devices to participate in blockchain transactions, as well as creating opportunities to reduce the cost and complexity of operating and sustaining business.

What is blockchain? And what does it mean for IoT? Take a look at our blog post for a full introduction to blockchain and what it can do.

Blockchain is a technology for a new generation of transactional applications that establishes trust, accountability and transparency while streamlining business processes. A blockchain has two main concepts. A business network, where members exchange items of value through a ledger, which each member possesses and whose content is always in sync with the others.

There are three key benefits to using blockchain and IoT together:

Leveraging blockchain for your IoT data offers new ways to automate business processes among your partners without setting up a complex and expensive centralized IT infrastructure. Blockchain’s data protection fosters stronger working relationship with your partners and greater efficiency as partners take advantage of the information provided.

Using IBM Watson IoT Platform and blockchain together enable Internet of Things (IoT) devices to participate in blockchain transactions.  Specifically, IBM Watson IoT Platform enables IoT devices to send data to private blockchain ledgers for inclusion in shared transactions with distributed records, maintained by consensus, and cryptographically hashed. Blockchain’s distributed replication allows your business partners to access and supply IoT data without the need for central control and management.

“Businesses don’t exist in isolation. They are connected to customers, suppliers and partners. They exist in countries around the world and have to comply with regulations. The networks are not static and over time, they morph because of business acquisitions and mergers. Finance, risk management, healthcare, insurance, and the Internet…

Blockchain means big changes for IoT: Are you ready?

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