Industrial Internet Application Development

Blockchain for the IoT

The fact that the IoT will enable connections at a very large scale means that a centralized security model will fail to address all of the concerns that we have outlined. The decentralized model of Blockchain technology-based solutions will be a perfect fit to address these concerns and make the IoT system resilient by eliminating single points of failure.

IoT systems cannot be sustained by a solution that leverages third-party brokers. It needs trust-less peer-to-peer communication with guaranteed service delivery. This is enabled by Blockchain technology as no third-party intervention is required for guaranteed service peer-to-peer service delivery.

Apart from security solutions, private Blockchain infrastructure ...