How blockchain solutions can improve the utility of Internet of Things
Since humans are at the center of matters of startups and small businesses, enterprises and corporations aroused their interests in sharing with consumers about their hopes for the future and turned their focuses on taking more advantages of cutting edge technologies.
Building a sustainable backbone to reinforce IOT ecosystems
In between the leading subjects that remain stuck for the past decade in most global companies mindset, concerns are now definitely concentrated on how to increase personal data security and fluidize financial transactions, how to ameliorate accountability from brands through global consumer demand, as well as how to reach higher levels of transparency and trust.
Upon more technological evidences and advancements integration, IOT deployments dramatically helped in moving forward usability and compatibility in IT environments: from platforms that are from now capable to implement tokens as added layer protocols and new assets created to secure current and future contracts to become intrinsic parts of global ecosystems.
Before even talking about integrating a blockchain solution, the enterprise as managed today isn’t really ready to face the challenges of partial technology stacks. It worth to mention that 90% of enterprise blockchain projects actually don’t necessarily need to run on a blockchain technology (Gartner study, 2017).
However the fervor around blockchain is encouraging initiatives motivated by the leaps made by startups and mid-size businesses in developing proof hardware deployments and exploring various use cases to turn blockchain-based software systems accessible to large firms.
The arising challenges of the post digital era transformation
When it comes to analyse the data inherited from IOT and connected objects, the management requires a strong strategy and urges a consistent and highly flexible model to keep a fast implementation of new services in the data cloud. From there we can build a stronger infrastructure based on massive registry of methods and tools (knowledge) leading to a decentralized and self-regulating peer-to-peer network by deploying a primitive process based on the following actions:
- set up an engagement strategy to better understand business needs: observation and analysis KPIs, change management, mobile model integration;
- develop an externalization model including organic monitoring, connected architecture, external management (through a highly skilled team to bring in technical knowledge, emotional intelligence, deeper accuracy …);
- extend to an evolving infrastructure to integrate scalability, connected networks and big data management & real time (Hadoop & RTW).
Trends suggest blockchain solutions might be a substantial answer to the future of data management, productivity and enterprises profitability.
All industries will be seriously impacted if not already integrating their own digital transformation and observe valuable results: urban transportation, smart buildings, financial services, healthcare sector, food supply chains, distribution companies and so on.
We are now all fundamentally convinced by the real impact that will be brought by IOT adoption in our industries.
The mind gap between a sustainable dream and an evolving reality
Most companies as we know them today have a long track record of including sustainability in their actions, and as IOT consumers we are more inclined to require value toward the technology. Here’s how blockchain solutions could help:
- by essence blockchain solutions are based on decentralized models, which could eliminate the need for third party intermediaries (cost reduction, plug and play deployments, durability, reliability and so on);
- AI and IOT are symbiotic technologies and can easily catalyze new digital value creation if combined to hybrid frameworks;
- reinforce supply chains and accelerate business processes: act faster and with more confidence;
- in case of emergencies and or disasters, donations can be made using cryptocurrencies through fast and secured transactions.
When you dream of the future, what do you see?
Do you dream about teleportation on Pluto? Do you fantasize about atoms comprising a new “you”? Probably not, but it’s right to think that new technology often sounds like science fiction and well realistically, when we dream about the future, we imagine the places we could go, the things we could do, and the people we could be.
It brings us to the question how can we build a better future: while much of the world remains unaware or skeptical, blockchain solutions that emerge are getting more resilient, more functional and stronger.
We’ve made some comparison on the interest over time on a global level between “Internet of things” and “Blockchain”: part of the interpretation tends to consider blockchain technology as the upcoming economy model to take into account in our environments and industries.
Over the next few years, consumers will increasingly find themselves popping over from old applications to new innovative systems, companies will pursue new opportunities by leveraging advanced streamline processes and challenging featured integrated functionalities.
It’s maybe the best time to initiate fast-moving open source collaboration tools (here’s a call for startups) between a growing number of early adopters and a world wide consortium (China / US?) leading to an emerging global governance structure.
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