DATAx Insights: How blockchain will transform the IoT

The idea behind the Internet of Things (IoT) was to allow conventional devices to become 'smart' devices, able to respond to and transmit information about their state. The IoT is one of the most easily adaptable and useful disruptive technologies available to date. Science Direct notes that while cloud computing and big data have gotten to work alongside IoT, blockchain hasn't featured on its partnership list to date. That is, up until now. Two industrial giants in Germany, Bosch and Volkswagen, have adopted the combination of IoT with a blockchain system termed IOTA. This could be a revolutionary new way of seeing data distribution and sales of data through the use of managed blockchains.