NDLI: IoT and Blockchain

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IoT and Blockchain

Content Provider	Scilit
Author	Priya, A. Mohana Malathi, R. Hemalatha, S. Kannammal, K. E.
Copyright Year	2020
Description	Internet of Things (IoT) is network of things that communicate with each other and also with other existing systems in the Internet. According to research and analysis firm Gartner, there were around 8 billion connected devices in use at the end of 2017, leading to 31% increase from 2016. It is also estimated that there will be 20 billion connected devices by the end of 2020, which is a huge number. The data collected from IoT devices will provide a lot of insights into the IoT technology, which is a game changer in many enterprise applications. On the other side, blockchain technology is emerging with the same pace as IoT. The blockchain works on decentralized network in order to store and process transactions. Blockchain or distributed ledger technology (DTL) has emerged as a key technology in storing data in distributed ledgers, which is almost impossible to modify or damage as the community of users need to validate any new transactions collectively through a consensus process before they are accepted on to the ledger. Once the transaction is accepted and stored, it cannot be removed. The bitcoin is a successful technology that is built on blockchain. Book Name: Blockchain Technology
Related Links	https://content.taylorfrancis.com/books/download?dac=C2019-0-07927-2&isbn=9781003004998&doi=10.1201/9781003004998-4&format=pdf
Ending Page	73
Page Count	31
Starting Page	43
DOI	10.1201/9781003004998-4
Language	English
Publisher	Informa UK Limited
Publisher Date	2020-10-22
Access Restriction	Open
Subject Keyword	Book Name: Blockchain Technology Information Systems Telecommunications Technology Internet Iot Devices Transactions Blockchain Things Billion Ledger Stored
Content Type	Text
Resource Type	Chapter

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