Blockchain and IoT: Transformational but Immature
Where can blockchain technology and principles benefit the IoT?
What challenges emerge when using blockchain for IoT applications?
When will blockchain be ready for mainstream IoT applications?
Blockchain can enable new IoT business models and ecosystems, particularly in situations when partners who don't know or trust each other must share information. But there are challenges: it's complex and immature, there are many types of blockchains, and IoT hardware and networking doesn't always match blockchain's needs. We explore the opportunities for blockchain and IoT, the pitfalls to avoid, and assess when it will be ready for prime time.