How does IoT integrate with blockchain?

IoT (Internet of Things) and blockchain are two powerful technologies that have gained significant attention in recent years. The integration of these two technologies brings together the benefits of both to create a more secure and efficient system. IoT devices generate an enormous amount of data, and by leveraging blockchain technology, this data can be securely stored and verified. Blockchain ensures the immutability and transparency of the data, while IoT sensors and devices provide real-time data feeds to the blockchain network. Additionally, blockchain enables the creation of smart contracts that can automate transactions between IoT devices, without the need for intermediaries. This integration has the potential to revolutionize various industries, such as supply chain management, healthcare, and energy. By combining the IoT and blockchain, businesses can create more trust, efficiency, and security in their operations.

This mind map was published on 5 December 2023 and has been viewed 86 times.