Blockchain in the part of IoT Technology
When ARPANET pioneered the packet-switching network technology and the TCP/IP protocol, little would have been imagined that the Internet would transcend computers and mobile devices, and even encompass ‘things’. The Internet of Things, or IoT as it is commonly abbreviated, is real today and is working to transmit data from devices to the cloud. IoT is one of the hottest hardware revolutions. Global industry leaders like Bosch have created their Cross Development Kit, a programmable sensor device and IoT prototyping platform. The number of IoT devices, at the least, as projected by Gartner, is a little above 20 billion by 2020. To garnish this data, IHS Markit has projected that the number will grow to 125 billion installed IoT devices in 2030. IoT has surely revolutionized data-collection, process-automation, enhancing customer service and productivity-optimization. However, one aspect that the IoT has to catch up on, is in terms of security. Introducing blockchain — the dis...