Blockchain IoT combined can have a huge impact in several industries. Here are some real-world products in Supply Chain, Smart Cities, Smart Homes and Sharing Economy that uses Blockchain IoT technology.
Possible application of blockchain is integrated it in health record collection, management and distribution.
These three Distributed Ledger Technologies eliminate the need for a centralized authority to keep a record of the transactions secure. But all these DLTs work on different algorithms to maintain records across multiple sites.
Smart utility meters writing data directly to blockchain can disrupt how utility industry works today.
Blockchain has gained a lot of popularity for its ability to manage transactions securely over last few years. Bitcoin was the first application of Blockchain that does not require any central authority to perform the transactions. Though Bitcoin operates transparently, it takes more than one hour to complete one transaction.
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