Applications of blockchain for IoT (Internet of Things)
Alternatively, the Internet of Things is also referred to as IoT. It is a term that has become more and more popular in recent years, and not by accident. The idea that the Internet of Things is a sort of eternal future is frequently advanced. In fact, we already partially inhabit a world where the internet is connected to a vast number of things.
The acronym IoT is another name for the Internet of Things. It’s not by chance that this phrase has become more and more well-known in recent years. It is commonly suggested that the Internet of Things is a kind of perpetual future. In truth, we already live in a world where a large number of items are connected to the internet.
It is obvious that the world is changing quickly. Consumer computers first became available in the 1980s, after which came televisions and cars. The original computers were large, heavy, and had limited functionality. Over time, especially with the advent of the internet, this altered.
People might interact with one another thanks to the internet. anywhere, whenever, and with whoever. It got a lot more intriguing in the twenty-first century. Everyone now carries a computer with them at all times thanks to cellphones and wearables.
The phrase “Internet of Things” is a technical term. The technological revolution has a new step, and that is this. Following the connection of individuals, an increasing number of digital gadgets are connecting to the internet. not just your phone, but also your car, door lock, and possibly even your refrigerator.
In the case of automobiles, all data is transferred and stored. By recommending faster routes in real time, you may skip GPS files based on your data. A car manufacturer can use information from thousands of customers to identify issues early or enhance products.
Example #1: Truck drivers’ rest and driving schedules
Truck drivers are required to abide by international regulations in order to prevent accidents. These regulations specify the maximum number of consecutive hours a driver may drive before needing a break.
These regulations were broken far too frequently, thus a tachograph was changed. A tachograph makes sure that all information regarding miles and travel hours is recorded. This did not, however, make the issue go away. They are susceptible to manipulation.
Blockchain and the Internet of Things can help to overcome this issue. The truck’s data is directly recorded on the blockchain, making it impossible to modify. Data stored on a blockchain is unbiased and cannot be changed later.
(Learn more about blockchain’s purpose and operation here.)
Additionally, it will be much simpler to control abuses. The blockchain allows for open access to data. Therefore, it is simple for governments and organisations to determine who committed infractions and when.
Example #2: Nutrition and Milk
In the Netherlands, tens of thousands of litres of milk are consumed each day. It is crucial to keep milk at the proper temperature throughout storage. If not, you risk growing tired of it. Connecting the milk carton to the internet is one approach to check if the milk hasn’t been heated up past the permitted level. by including an internet-connected sensor in the outfit.
Real-time monitoring and transmission of the temperature are conducted. Direct storage of the data on a blockchain makes it impossible for it to be altered. Blockchain data is transparent to all users and cannot be modified. We can see exactly where and when the temperature is exceeded at that instant.
This makes it easy to hold the appropriate individual accountable at all times. The benefit of blockchain in this situation is that it prevents data from being altered after the fact. For instance, if the data were not saved on the blockchain but rather on the carrier’s main system, there is a possibility that the carrier might not take any action with it to avoid having to pay for the damage. The aforementioned illustration also holds true for other food items and the overall transportation sector.
Blockchain may provide value to practically any company or sector. Consider the medical field, the financial industry, or different services. Reliability, the key component of blockchain engineering, should always be kept in mind.
Because of this dependability, an impartial third party or middleman is no longer required in many situations. Are you interested in other applications? You may read more about our blockchain workshop or view all blockchain applications here.