New report: The Internet of Things and blockchain tech are made for each other

According to a new report by research firm Kaleido Insights, two of the most notable technologies, Internet of Things (IoT) and block chains will be very popular figures.

In the Internet 's Internet, almost everything, such as refrigerators, automobile parts, dog collars, even grain boxes, is embedded in wirelessly connected sensors.

On the other hand, this means that you can track inventory using a continuous signal flow and selectively access all content. This constant discussion on the flow of goods and equipment promotes enterprises from product oriented (such automobile sales) to service oriented (car sales are on but keep in touch with the owners of automobiles and cars) It will help.

On the other hand, according to some estimates, this means that there are 10 billion consecutive signal streams connecting devices and objects over the next 4 years. Needless to say, this is a lot of tracking for identifying these things, checking who owns them, checking the interaction with other things.

The 'Reliable Mono's Internet' report (free, registration required) proposes a block chain (or other type of distribution ledger technology) that can form a mechanism for monitoring signal oceans.

By 2020, there will be 50 billion connected services. From a technical point of view, the block chain is the technology that forms the basis of the Internet (IoT) of the interconnected device and the service network, and each network was designed to operate in a secure environment I have details of my own ID and license. . Recently, we have developed a core IoT case. This is GEN-I's block chain solution. This is one of the fastest growing and innovative companies in the European energy market. This technology can be used for smart charging, smart home, installation of charging stations in remote areas, or marine industries and aviation.

First of all, block chains are not another technology fashion. This is not another bubble that is about to happen again. Block chain is a truly innovative technology, also called a new Internet, changing game rules. Originally it was used in encryption currencies such as Bitcoin and Ethereum, but its potential far exceeds the possibilities of digital currency. Block chain technology can be applied to almost any type of transaction, greatly improving its transparency and security. As discussed in the previous article, block chain technology provides distributed transaction databases for everyone in the network (the computer chain used for transaction validation, recording and authorization). All transactions made in the block chain are recorded and safely stored on many computers at the same time.

One of the best things about block chains is that you do not need to know technical details, like the Internet, to use it. Block chains are like a spreadsheet that manages records of transactions through cryptographic currencies. As more transactions are done, they are added to the chain in the form of "blocks". The data is distributed. In other words, anyone with access to the Internet can verify these records, but they can not change or destroy them. The block chain contains computer networks, ie different nodes. Each node receives a copy of the block chain. Block chains are updated on millions of nodes around the world each time a new transaction is executed.