Internet of Things
When IoT developers consider blockchain, they should first sit back and ask themselves the basic question we ask about any new technology – “what problems will it solve for us?” If the answer is “nothing we can think of” then it is probably safe to put blockchain on the back burner, at least for now. However, blockchain could hold some potential for the IoT, particularly in relation to applications involving peer-to-peer transactions. If there are technological innovations that make blockchain more effective or increase its benefits, it might become more relevant to the IoT – but that day is not here yet.
