Trends Report

Disentangle Hype From Reality: Blockchain's Potential For IoT Solutions

Blockchain Can Potentially Add Many Benefits To IoT Scenarios, But Real Use Cases Are Scarce And The Technology Remains In Its Infancy

November 1st, 2016
With contributors:
Pascal Matzke , Carmen Margarit-Stoica , Rachael Klehm , Ian McPherson

Summary

Blockchain technology and the internet of things (IoT) are both currently catching the imagination of many interested stakeholders. Both the IoT and blockchain are based on decentralized, distributed approaches; in combination, they potentially offer huge benefits, from operational efficiencies to revenue generation. While these benefits will not emerge overnight, CIOs and CTOs need to acquaint themselves now with the possibilities as well as the challenges of blockchain technology in the IoT context. This report will help CIO and CTO assess how blockchain technology fits in their IoT plans.

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