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There’s much ado about blockchain, and still plenty ado about the internet of things (IoT). But are these two technology phenomena complementary? Both suffer from significant barriers such as scale, market fragmentation, costs, and regulatory issues. But if the past is prologue, technological disruption doesn’t occur in a vacuum; rather, it occurs when multiple technologies converge.
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Although it is simply too early to accurately dub blockchain the “missing link” for IoT, analysis on the intersections of distributed ledger technology (DLT) and IoT surface a variety of links worth exploring. Below are three ways distributed ledger technologies help fill critical gaps in IoT.
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Problem With Blockchain
The first big issue with blockchain is, "Who owns the distributed data and how do you enforce that ownership?"
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