'How Blockchain Technology Is Improving IoT: Interview with Kalima Blockchain' blockchain tatum_io
published by Research Dive, the global demand for Blockchain IoT , in terms of revenue, stood at $62.39 million in 2019, and the market is expected to reach $14,165 million in 2028 at a compound annual growth rate of 86.5% between 2020 and 2028.
We can verify ESG data as authenticated data as well as increase monitoring, decrease decision delay, and develop new business models. Blockchain IoT, when combined with sophisticated analytics, can offer the digital intelligence layer required for effective ESG initiatives.: What specific industries can benefit from this? Are you already partnering with any major companies?: Yes, we have clients across the globe.
As with many other blockchain use cases, we highly value the transparency that comes with it. Anybody with authorized access to the network can view and track previous transactions. This can give a reliable technique to pinpoint the source of any data leaks and take immediate corrective action. By establishing trust among stakeholders, blockchain technology also enables IoT organizations to save costs by eliminating the processing overheads associated with IoT gateways such as traditional protocol, hardware, or communication overhead costs.: These are some major advantages that can be applied to many industries.
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