Blockchain is emerging as a key tool with numerous applications throughout the IoT…

Blockchain isn't just for bankers anymore. Most of the buzz around the distributed ledger has focused on its uses in finance, where it originated. But one of the most promising blockchain trends is its growing disruptive presence in the Internet of Things (IoT).

Companies are pioneering innovative solutions that use blockchain for tasks like tracking goods as they move through the supply chain, monitoring the location and condition of assets like industrial machinery at remote work sites, or storing medical data, and they are transforming the IoT.

In a new report from BI Intelligence, they analyzed the developing role of blockchain in the IoT ecosystem. First, they looked at how blockchain works, both generally and as part of an IoT solution. Then identified the areas most suited to use blockchain as part of larger IoT projects, specifically looking into the supply chain, asset tracking and monitoring, and health care. Finally, discussing the challenges companies looking into blockchain solutions for IoT programs will face, and explore what the future holds for blockchain in the IoT.

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