Best Practice Report

IoT And Blockchain: A Powerful Pairing That Doesn’t Yet Live Up To Its Promise

Some Technology Hurdles Remain, But The Real Challenges Are All On The Business Side

July 16th, 2019
Martha Bennett, VP, Principal Analyst
Martha Bennett VP, Principal Analyst
Paul Miller, Vice President, Principal Analyst
Paul Miller Vice President, Principal Analyst
With contributors:
Pascal Matzke , Patrick Carroll , Ian McPherson

Summary

Distributed ledger technology (DLT, aka blockchain) and the internet of things (IoT) should be ideal companions. Distributed, peer-to-peer, blockchain-based networks enable the sharing of trusted data to support IoT scenarios that are difficult or impossible to implement with more traditional approaches. While these benefits will not emerge overnight, CIOs and CTOs need to understand the realities of blockchain technology in the IoT context. This report helps CIOs and CTOs assess where blockchain fits in their IoT plans.

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