The internet of things and blockchain technology can both be useful in optimizing each other operations, the blockchain technology decentralized nature can be useful when it comes to storing and securing internet of things data in immutable storages. There are several areas where I believe blockchain technology will help in the IoT digital world.
One of the areas I believe blockchain technology will optimize in the internet of things is security of data, the internet of things is said to have lots of data and the data needs to be stored and transmitted in secure networks. What's the best technologies rather than blockchain technology! Blockchain technology distributed ledger can allow Internet of things to store the data in immutable networks that are decentralized in nature and stored in chains to prevent exploits by hackers or fraudulent individuals.
The internet of things I believe will allow data exchanges to occur and even be able to financial transact, the use of blockchain smart contracts will allow autonomous smart contracts which are recorded on the blockchain, the internet of things will have an embedded wallet that will allow storage of medium of exchanges such as tokens that will be used to pay for services in the internet of things network. This will improve the operations of Internet of things in a decentralized economy.
The internet of things will also benefit from blockchain technology when it comes to smart contracts being enforced, the legal and compliance issue is obligated through the use of smart contracts and immutable records when internet of things devices interacts with each other.
One of the projects using blockchain technology to bring this reality is ANYLEDGER, the project aims to solve the missing link between internet of things and the blockchain technology. When internet of things interacts without an intermediary they will require a network to allow transactions to be processes and analyzed this will be the work of AnyLedger to validate IoT transactions. In a decentralized internet of things devices, the scalability of networks is addresses on AnyLedger this is because the platform is scalable based on the adoption and as more devices connect to the network it is able to scale. AnyLedeger also store the information on a secure and immutable distributed ledger technology making it easier for the data to be accesses by authorized devices.
AnyLedger platform.
Anyledger is a decentralized platform that connect the internet of things to the blockchain, the platform will empower internet of things devices through an embedded wallet for internet of things devices that allows the devices to initiate smart contracts and process transaction in a decentralized environment automatically.
AnyLedger will empower IoT developers and engineers by providing them tools that they need to be able to integrate IoT devices into the blockchain, this is through its core network that provides a foundation for application layers lowering the cost of entry for new developers and engineers regardless of their blockchain.
AnyLedger scope and systems.
AnyLedger will be useful when it comes to data storage and processing, the IoT is said to transmit a large amount of data and distributed ledger technology is a match made in heaven. AnyLedger will allow automatic processing of data through smart contracts which will occur automatically and be stored in immutable distributed ledger technology.
AnyLedger will also be used in decision making when it comes to end to end logistics that allows smart logistics to be processes by the internet of things. IoT devices in a decentralize environment will be able to interact and operate saving time through autonomous processes management.
SECURITY, this is the most important feature according to me, the security of blockchain technology will allow the IoT devices to be able to store their data and transact in a safe environment. The stability of the network is crucial in the internet of things due to the privacy of the data that these devices will be transmitting and AnyLedger handles data security with modern technology.
Conclusions.
AnyLedger is providing a solution to IoT of things adoption through modern technologies integration that solves the problem of security, processes management, validation of data transmitted by IoT devices, end to end logistics, smart contracts and legal obligations. This is a match made in heaven and I would advise you to check on the platform website, whitepaper and social media pages on the links in the refence section below for more information:
References.
For more information, please visit Anyledger official website, whitepaper and social media pages on the links below.
Website: http://www.anyledger.io/
Whitepaper: http://www.anyledger.io/#whitepaper
Ann Thread: https://bitcointalk.org/index.php?topic=4771404.msg43091035#msg43091035
Facebook: https://www.facebook.com/anyledger/
Twitter: https://twitter.com/anyledgerio
Telegram: https://t.me/anyledger_announcements
Github: https://github.com/AnyLedger/
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
