Mastering Blockchain - Second Edition

Convergence with other industries

Convergence of blockchain with IoT has been discussed at length in Chapter 18, Scalability and Other Challenges. Briefly, it can be said that due to the authenticity, integrity, privacy, and shared nature of blockchains, IoT networks will benefit greatly from blockchain technology. This can be realized in the form of an IoT network that runs on a blockchain and makes use of a decentralized mesh network for communication to facilitate Machine-to-Machine (M2M) communication in real time. All this data which is generated as a result of M2M communication can be used in the machine learning process to augment the functionality of Artificially Intelligent DAOs or simple AAs. AAs can act as agents in a Distributed ...