APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    The Advantages of Blockchain in lot

    Smart contracts use blockchain to automate contract execution in IoT ecosystems when certain requirements are met. This is what enables a smart system to operate independently of a centralized authority.  

    The Advantages of Blockchain in lot

    By

    Apac CIOOutlook | Monday, April 19, 2021

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Smart contracts use blockchain to automate contract execution in IoT ecosystems when certain requirements are met. This is what enables a smart system to operate independently of a centralized authority.

    Fremont, CA : With the use of sensors and other edge devices and networks, the Internet of Things (IoT) is transforming the way businesses work. This poses a significant challenge for businesses, which must safeguard data at all levels of the IoT ecosystem. Data protection has become increasingly difficult as the number of connected devices grows year after year. In an IoT system, blockchain is assisting in the fight against security breaches.

    The decentralized nature of blockchain is a structural benefit, but it can be a challenge for IoT. IoT systems use client-server or hub-and-spoke architecture, which is a centralized authority. Building a decentralized IoT platform will aid in blockchain network stability, but because IoT sensors rely on central computing and storage resources, deploying them to handle their own compute and data storage may be complex.

    Blockchain has been used in conjunction with IoT in a variety of industries. Smart houses, supply chains, distribution, and a recent mechanism known as smart contracts have all used it in conjunction with IoT. Smart contracts use blockchain to automate contract execution in IoT ecosystems when certain requirements are met. This is what enables a smart system to operate independently of a centralized authority.

    This use of blockchain technology helps businesses handle data on edge devices in an IoT environment, lowering computer maintenance and data transfer costs. Since there is no centralized database and the ledger is not exposed to cyberattacks, it eliminates data management risks. It does away with the IoT gateway or some other intermediary system for data sharing, minimizing the time it takes to process data.

    With the support of shared, distributed ledgers, blockchain introduces high-level protection by authenticating and approving encrypted device-generated data. Data computation and storage are spread through millions of computers in a distributed ledger. Unlike in the conventional model, the failure of a client's server or a network would not impact the entire IoT ecosystem. A blockchain network's resiliency will exceed fault tolerance in certain situations, meaning the network will continue to function even if nodes are taken offline.

    The distributed security architecture of a blockchain can protect IoT devices and networks from botnet-driven DDoS attacks. Every node in a network is protected independently using a blockchain peer-to-peer network in this architecture.

    More in News

    Harnessing Big Data Analytics to Enhance Business Strategies

    Harnessing Big Data Analytics to Enhance Business Strategies

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/the-advantages-of-blockchain-in-lot-nwid-8142.html