This article highlights the ability of the blockchain to enable the Internet of Things (IoT), with Eric Jennings, the co-founder of wireless infrastructure provider, Digital, saying that blockchain allows for the registration of devices. The registrations of each device, which can be recorded in the blockchain, can be used to keep track of the millions of devices connected to infrastructure or physical assets, and to facilitate accurate payments for the various services IoT can provide, whilst also providing a ledger of these payments. This would solve a huge problem currently faced by the IoT industry, with 71% of all industrial infrastructure across gas pipelines, agricultural plots, manufacturing lines, and fleets and vehicles, disconnected.
This article highlights the ability of the blockchain to enable the Internet of Things (IoT), with Eric Jennings, the co-founder of wireless infrastructure provider, Filament, saying that blockchain allows for the registration of devices. The registrations of each device, which can be recorded in the blockchain, can be used to keep track of the millions of devices connected to infrastructure or physical assets, and to facilitate accurate payments for the various services IoT can provide, whilst also providing a ledger of these payments. This would solve a huge problem currently faced by the IoT industry, with 71% of all industrial infrastructure across gas pipelines, agricultural plots, manufacturing lines, and fleets and vehicles, disconnected.