In the last few years, we have witnessed two emerging technologies: IoT and Blockchain gaining significant attention due to their potential of transforming various industries. The integration of these two technologies helps in developing secure and scalable IoT networks that can streamline data exchange between devices, systems, and stakeholders. The IoT data becomes highly secure and tamper-proof with blockchain technology. IoT technology provides high-quality data in real-time which triggers and executes blockchain integrations. The amalgamation of these two major technologies can be highly beneficial in applications that require substantial security like financial transactions, SCM, and healthcare. Furthermore, the integration of these technologies also improves the efficiency and transparency of various systems, making them more sustainable and cost-effective. In this article, we will go through various aspects of blockchain integration in Enterprise IoT including its benefits, use cases, and much more. Let’s start with the basics.

• What is Blockchain Technology? Blockchain technology is a distributed digital ledger that facilitates secure and transparent transactions between parties and without any financial intermediary. Blockchain technology is built on a network of tamper-proof nodes that validate and store data securely, making it ideal for managing and sharing data-sensitive information.
• What is IoT Technology? Internet of Things or IoT refers to the interconnection of physical devices, vehicles, and other items embedded with sensors, software, and network connectivity to allow these objects to collect and share data. The collected data can be used further for analysis to improve the efficiency and performance of various systems.
• Blockchain IoT Integration The convergence of Blockchain and IoT technologies results in powerful synergy. The IoT technology is responsible for the connection and sharing of data, while the blockchain technology manages its integrity, security, and privacy.

The combination of IoT and blockchain technology will let us transcend the limits of decentralized stems and create an environment in which the data is trustable, verifiable, and highly efficient.

Full opinion : How Blockchain can be Integrated into Enterprise IoT.