The Internet of Things has been a factor in China’s blockchain success in many ways

The confluence of blockchain and the Internet of Things can be seen as a promising event in the blockchain arena. The success of many blockchain applications requires the Internet of Things.

Blockchain and Internet of Things (IoT) are both sophisticated technologies, but the growing credibility and reliability of the services being delivered on managed platforms make their technical aspects less daunting. The laws and processes needed to change the culture and patterns of business are important obstacles to the success of these two technologies.

Many of Blockchain’s most advanced and successful projects include supply chain and logistics, and cover a variety of tasks ranging from document management and product tracking to business finance.

Accessing the “golden records” of important data in its own right can be considered an important benefit of blockchain; using this feature no longer requires phone calls and emails to access information;

everyone knows where each product is located and Things like that. But these are not always enough.

The combination of Internet of Things and Blockchain creates new applications

Any blockchain network that involves intercepting an asset (whether it be an expensive piece of equipment or a shipment of fresh crops such as strawberries) certainly needs more information than the current location of the product in question.

For example, are strawberries stored at the desired temperature?

At what stage did the equipment shed moisture? And even, is such a commodity a genuine product? Or has anyone manipulated it? Companies cannot fully exploit the benefits of blockchain networks without knowing the terms of the goods. Internet of Things is no exception!

China block / blockchain

The combination of Internet of Things and BlackBerry creates new uses:

Many people draw vivid images of devices coming from their work

(and can even be say to be their own) that interact automatically and perform economic transactions between themselves.

Martha Bennett, the lead author of this article,

and her colleague Paul Miller collaborated on a research project to discover

the most advanced applications of blockchain and the Internet of Things.

They reach that these technologies has not yet been develop, as they had imagine;

however, they did not.

What surprise them was the small number of projects devote to topics beyond

the concept of proof (PoC) and the experimental stage of fully accessible applications today.

This may not come as a surprise; operating an idea is difficult. Dealing with new technologies such as blockchain and the Internet of Things, even without the added complexity of doing all this on a large scale and in the absence of partners and competitors (which only means blockchain), is hard enough for organizations to think about anymore. No more complicated topics. They also conclude that there are still many projects whose managers have failed to find answers to some of the questions underlying technological progress.

China block / blockchain


These questions are:

  • What is your real purpose? Do you need a blockchain to get it? Do you have to have Internet of Things? There are still many vain projects that seem to aim to get to the main headlines of news agencies using the keywords ‘Blackjack’ and ‘Internet of Things’.
  • Are you sure about the technology or technologies you want to achieve? There are many projects that want to use blockchain to solve problems that are either work-related or process-related problems or are listed as features of a market structure; however, they are issues that neither of these two technologies can do. .
  • Need some proof of concept? Concept proofs are great ways to introduce technological advantages, especially when they can introduce completely new ways of doing things. But there are many companies that do not know when to give up, either when they extend project deadlines (even if it is clear that these extensions have nowhere to go) and when they begin another proof of concept with no clear purpose and no review. they do.
  • What do you and your ecosystem partners define about processes and governance? What about security ? According to experts, there are many groups who think that these issues should be considered in later stages, such as post-mortem sohrab treatment. This is, of course, a big mistake, because the projects that choose this approach are more likely to fail.

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