After reading an IBM article, this spurred the idea to discuss blockchain for business applications, as well as how blockchain might impact IoT. Blockchain continues to enter the mainstream business market at a fast pace while moving into other industries outside of the financial services and banking industries. In addition to core business applications, blockchain is also being explored as a possible security solution for the broken and unsecured connected devices and IoT market space. In this opinion piece, we will explore blockchain from a business aspect and explore how this is expected to impact businesses, as well as emerge as a tool to secure the Internet of Things.
Blockchain for business
Before we dive in, let’s get our arms around what blockchain is and discuss this in simple-to-understand terms. Blockchain allows the secure sharing of business processes (contracts, business records, business activities, or other records) between companies and partners (business peer network) in an encrypted manner. As information or records from a business or partner is created...
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