The Internet of Things represents one of the major pillars of greater automation efforts. Connected ecosystems that can record, process, and share interactions are instrumental in building smarter cities and supporting the coming autonomous vehicle revolution. Blockchain means that the infrastructure has finally caught up with modern IoT capabilities.
Distributed ledger technology can record the immense amounts of data produced by IoT systems in a trustless fashion and transparently analyze data points to produce valuable insights. Thanks to its identification, verification, and data transfer abilities, blockchain is perfectly suited for hosting IoT devices for both public and private sector use cases.
In the public sector, IoT devices can be used to improve infrastructure management and upgrade municipal services such as taxes. For private businesses, blockchain-based IoT offers better logistics and warehousing tracking, as well as enhanced data on performance and efficiency.
With a crypto token designed specifically for IoT needs, IOTA has emerged as a power efficient and scalable technology that uses connected devices to validate value transfers on the distributed ledger. Between zero transaction fees, an emphasis on security, and a high degree of compatibility, IOTA is already supplying the new gold standard for machine-to-machine communication.
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