Introduction
Blockchain alone can revolutionize many industries, as we have seen in our previous articles. But when blockchain applied together with the next generation innovative technologies such as IoT, Artificial intelligence, Machine Learning (to name a few) will do wonders. The combination of these technologies brings the best of each other. Especially in terms of security and authenticity of the data generated from millions of devices across the world on a daily basis.
What is IoT?
With so much data being generated and transmitted without any human intervention, there are many concerns about the security and privacy of data. Blockchain comes to rescue to address the concerns of privacy and security in the world of IoT. Let us see how, with the help of some use cases below.
Smart Homes
HealthCare
With the help of IoT, if the patients don’t take medicine on time, a message will be directly sent to their smartphones, reminding them to take medication (since the quantity isn’t reduced from the containers). Whenever a fall or sudden change in a heartbeat is detected, the nearest health care providers are automatically alerted with the help of IoT. These are only some examples of uses in health care, but since this is very sensitive data, blockchain can help in keeping them secure. Most importantly, tampering cannot be done if the data is stored in the blockchain, which is very crucial to achieve the desired outcome in these cases.
Agriculture
There are ample opportunities for blockchain and IoT together in Industrial sectors when it comes to the maintenance of the machines. With the help of sensors continuously updating the performance of the devices, wear and tear can be restricted, thus decreasing the downtime. Automobile industries can use real-time data to get the vehicles serviced on time or replace a crucial part in time. Autonomous cars can be made more reliable and usable using IoT and blockchain. The combination of IoT and Blockchain is amazing, but it is important to remember that a lot of other potentials are yet to be achieved.