Oct 10, 2018 On Our Blog

Why IoT needs blockchain to grow

What if every company had their own version of WiFi that did not communicate? Can you imagine how difficult it would be to try to connect and get anything done? But that is exactly what is going on with the Internet of Things (IoT) today: many companies are building their own version of authentication and communication protocols that don’t talk to each other, crippling IoT’s growth and innovation. A lot has been written about IoT, and for good reason. By 2020 there will be over 30 billion devices—from cameras and alarm systems to cars and trains—connected to the internet, with billions more coming online every year. Firms spend billions every year to bring IoT devices into these complex ecosystems. Deploying …