The Convergence of Blockchain and the IoT

The Convergence of Blockchain and the IoT

Blockchain technology and the Internet of Things (IoT) have a lot in common. They are both futuristic technologies in the midst of a ten-second countdown to launching themselves into the stratosphere, where all industries will rely on them and everyday people will begin to take them for granted.

Currently, many crypto fans already possess a bitcoin wallet from Luno or another global brand, and thousands of households have connected devices to make chores easier. This is in spite of the fact that blockchain and IoT are still, arguably, in their early ramp-up periods – assuming they do spread massively as predicted. However, these two areas of technology cannot just be matched up on their growth potential, but they can actually be matched up.


The convergence of the Internet of Things and Blockchain technology is possible, in motion and to the benefit of businesses. Here we will discuss the state of play and find out exactly why businesses could benefit from such a join of technological forces.

How Does the IoT and Blockchain Technology Fit Together?

The internet of Things is developed to spread data without the need for human interaction, for the most part. Spreading information is something the blockchain already does when sending crypto data around the world from wallet to wallet. With this in mind, it is already possible to see some mutually beneficial qualities in both technologies.

Ways of Fuelling IOT Through A Crypto System

The bottom line is that there are ways that the IoT could be fuelled by blockchain and/or crypto. To give a better understanding of these possibilities, here are some speculated examples of how they could be used together and how this benefits businesses.

1. IoT to Excel Microtransactions

If an IoT reliant society does come to fruition, the increase of microtransactions will be unavoidable. We may have to pay small fees for turning lights on or using the washing machine, but can banks keep up with a surge in microtransactions? We already know crypto can, but financial institutions may also begin to look at the blockchain to help deal with such demand. Simultaneously this helps those business providers bring their services to market.

2. Data Security

There is already some distrust between devices that are placed in our home and listen to our commands. Distrust likely increased after Google’s latest admission of listening to private conversations.

On the other hand, blockchain goes far too ensuring data is kept secure and has a glowing reputation for safety and privacy. It is very likely that IoT devices powered by Blockchain technology would increase trust among consumers and improve sales to those providing IoT services and products.

3. Blockchain Protects

Blockchain has already been known to track the usage of a vehicle and prevent tampering with readings and other information. This is primarily to ensure that anyone deciding to sell the car to another person must be honest and upfront about its history, maintenance records and thus, its value.

The same could be done with all the IoT devices currently in homes and IoT concepts being thought up as you read this. All these devices could have their history tracked including repairs and so on. This will protect companies who sell them from warranty fraud but has a number of other benefits.

The IoT and Blockchain could in many ways be a powerful match to give consumers and businesses the trust and confidence they need to buy and use IoT-enabled products and services. This is an important key for massive adoption of IoT throughout the whole society. Time will tell if these technologies become a strong couple but many companies are already investing in this promising combination of technologies to design the next generation of the Internet of Things…


originally posted on https://iotbusinessnews.com/2019/08/08/30630-the-convergence-of-blockchain-and-the-iot/





Top 10 Industrial Automation Trends to Watch For in 2019

Top 10 Industrial Automation Trends to Watch For in 2019

Top 10 Automation Trends That Will Be Bigger Parts of the Industrial Landscape in 2019

Automation will be further integrated into the way companies work as the currently available technologies continue to be improved upon and refined. The use of more automated features isn’t far off into the future either. It’s already happening now, and by the time next year rolls around, companies will embrace those features even further.

As for how companies will go about doing that, listed below are the top automation trends that you can expect to become more prevalent in several industries in 2019.

 

1. The Internet of Things Is Set to Become a Bigger Deal

The internet of things has certainly become more important to companies as they continue to try to improve their product offerings, and that is not about to change. According to the Robotic Industries Association, companies are expected to utilize more smart sensors in the year ahead, with the aim of gaining access to bits of data that have thus far proved difficult to obtain for them.

This likely change in the way companies handle information gathering is expected to have a huge impact on how they will work moving forward. Efficient information acquisition has always been essential to companies succeeding, and expect this trend to make that particular activity even easier for businesses.

 

2. Keeping Customers’ Data Secure Will Be Emphasized More

Companies are coming into possession of more customer information, and the projected developments related to the internet of things will only add to that. Keeping customers’ information safe has always been a priority for companies, but that will be an even bigger point of emphasis in the coming year.

Businesses will push more of their security offerings into the spotlight in an effort to show potential customers that working them will not be a risky proposition. The introduction of more automated processes is going to make the security challenge greater, but the only option available to companies is to adjust.

 

3. Bigger Companies Investing More Resources in Blockchain

As part of the push to improve security in the wake of more automated features being introduced to the public, companies are likely going to take an even longer look at blockchain to determine if it will be helpful to them.

A recent article on Medium touched on what the future holds for blockchain, noting that numerous tech giants are among those that are investing more in it. Whether blockchain will be ready to be unleashed upon a larger audience in 2019 remains to be seen, but count of companies using more resources to look at its potential as security becomes a greater concern in the era of more automated processes.

 

4. Chatbots Will Receive More Chances

The disastrous roll out pf previous high-profile chatbots may have discouraged more companies from releasing their own iterations a few years back, but that doesn’t mean that this form of automated technology has just been dropped altogether.

According to this article posted on bsdzine.org, five years from now, around 80 percent of business communications involving companies and customers are expected to involve some kind of chatbot. Chatbots have already becoming more prevalent, but they have clearly not reached their full potential. Even as soon as next year, chatbots could be utilized by more companies.

 

5. AI Assistants Will Become More Advanced and Grow in Number

The success of the currently available voice-automated assistants has not gone unnoticed, and they are not going to fall by the wayside anytime soon. Many consumers are aware that these voice-controlled AI assistants are serving as tools for companies to a large degree, but they have continued to use them because the convenience they offer is irresistible.

The onus is now on the companies to continue to roll out innovations that will keep that equation tilted in their favor. It will be interesting to see how companies go about introducing more advanced features, so be sure to keep an eye on this.

 

6. Marketing Is Set to Become even More Personalized

This isn’t necessarily a new development, but even so, marketing is going to be even more targeted towards you, your needs, and your preferences in 2019. Companies are aware that they can’t just rely on the strength of their brand alone to drive sales. Consumers care more about the quality of products and services, and if the big brands can’t provide what they are looking for, they are more than willing to approach niche businesses.

To keep up, big companies will have to make use of advertising campaigns that are designed to attract specific customers in order to keep them in the fold. Failing to do that could be costly for companies.

 

7. AR Will Have a Bigger Presence in Certain Industries

The biggest AR hit right now may still be a mobile game, but companies are already working to get more out of this particular form of technology.

Several industries are trying to improve the way they do things by increasing AR integration, and as noted by ZDNet, one of the successful sectors right now is real estate.

What’s interesting about the way real estate businesses are using this technology is that they are not shying away from fully incorporating it. They are even combining robotics with AR to provide potential buyers with tours of properties currently on the market. The real estate industry is starting to figure out this whole AR thing, and more industries are going to catch up sooner rather than later.

 

8. More Robots Will Be Working Alongside Instead of Replacing Human Workers

Robots being present in the workplace is no longer a new thing, but in 2019, the trend of handing over processes completely to them may slow down somewhat. Instead of companies relying solely on improved robotics to lower their expenses and expand their profit margins, they may start to use more collaborative robots.

These collaborative robots are cheaper to maintain, and with some help from human workers, they can still be as productive as their more heavy duty counterparts. Jobs that have already been lost to robots aren’t coming back, but more people may remain employed if collaborative robots do indeed prove to be more cost-efficient.

 

9. Workplace Training Is Changing

Employee training is becoming more automated, but the way in which it is may surprise you. In an effort to get important lessons to stick in the minds of employees, companies are relying more and more on games to get that job done.

According to this article from Mental Floss, hotels, hospitals, car manufacturers, and even ice cream companies are using games to help get their new hires up to speed. Video games aren’t just for fun and recreation anymore as more companies are acknowledging how they can be utilized as a teaching tool.

 

10. Automated Ads Are Likely to Become More Prevalent in Mobile Gaming

More than a few gamers may still regard mobile games as titles designed for the so-called “casuals,” but that has not impacted the profitability of those offerings.

What’s even more fascinating is that it seems like people who like mobile games are not as opposed to seeing ads in whatever they’re playing. An article posted on Gamesindustry.biz highlights that 73 percent of mobile gamers prefer to play titles that are funded by ads as opposed to having to fork over money for them. That may signal a larger disconnect between mobile gamers and those who prefer to play on consoles and PCs. Even so, expect more mobile games to feature an increased number of automated ads now that consumers have shown that they are fine with seeing those.

The world is growing more automated by the day, and that will continue in earnest in 2019. Keeping tabs on all these trends is exciting, and you can expect to hear more about them in the not too distant future.

 

Top 10 Automation Trends To Watch For In 2019

Top 10 Automation Trends To Watch For In 2019

Automation will be further integrated into the way companies work as the currently available technologies continue to be improved upon and refined. The use of more automated features isn’t far off into the future either. It’s already happening now, and by the time next year rolls around, companies will embrace those features even further.

As for how companies will go about doing that, listed below are the top automation trends that you can expect to become more prevalent in several industries in 2019.

 


1. The Internet of Things Is Set to Become a Bigger Deal

The internet of things has certainly become more important to companies as they continue to try to improve their product offerings, and that is not about to change. According to the Robotic Industries Association, companies are expected to utilize more smart sensors in the year ahead, with the aim of gaining access to bits of data that have thus far proved difficult to obtain for them.

This likely change in the way companies handle information gathering is expected to have a huge impact on how they will work moving forward. Efficient information acquisition has always been essential to companies succeeding, and expect this trend to make that particular activity even easier for businesses.

 

2. Keeping Customers’ Data Secure Will Be Emphasized More

Companies are coming into possession of more customer information, and the projected developments related to the internet of things will only add to that. Keeping customers’ information safe has always been a priority for companies, but that will be an even bigger point of emphasis in the coming year.

Businesses will push more of their security offerings into the spotlight in an effort to show potential customers that working them will not be a risky proposition. The introduction of more automated processes is going to make the security challenge greater, but the only option available to companies is to adjust.


3. Bigger Companies Investing More Resources in Blockchain

As part of the push to improve security in the wake of more automated features being introduced to the public, companies are likely going to take an even longer look at blockchain to determine if it will be helpful to them.

A recent article on Medium touched on what the future holds for blockchain, noting that numerous tech giants are among those that are investing more in it. Whether blockchain will be ready to be unleashed upon a larger audience in 2019 remains to be seen, but count of companies using more resources to look at its potential as security becomes a greater concern in the era of more automated processes.

 

4. Chatbots Will Receive More Chances

The disastrous roll out pf previous high-profile chatbots may have discouraged more companies from releasing their own iterations a few years back, but that doesn’t mean that this form of automated technology has just been dropped altogether.

 According to this article posted on bsdzine.org, five years from now, around 80 percent of business communications involving companies and customers are expected to involve some kind of chatbot. Chatbots have already becoming more prevalent, but they have clearly not reached their full potential. Even as soon as next year, chatbots could be utilized by more companies.

 

5. AI Assistants Will Become More Advanced and Grow in Number

The success of the currently available voice-automated assistants has not gone unnoticed, and they are not going to fall by the wayside anytime soon. Many consumers are aware that these voice-controlled AI assistants are serving as tools for companies to a large degree, but they have continued to use them because the convenience they offer is irresistible.

The onus is now on the companies to continue to roll out innovations that will keep that equation tilted in their favor. It will be interesting to see how companies go about introducing more advanced features, so be sure to keep an eye on this.

 

6. Marketing Is Set to Become even More Personalized

This isn’t necessarily a new development, but even so, marketing is going to be even more targeted towards you, your needs, and your preferences in 2019. Companies are aware that they can’t just rely on the strength of their brand alone to drive sales. Consumers care more about the quality of products and services, and if the big brands can’t provide what they are looking for, they are more than willing to approach niche businesses.

To keep up, big companies will have to make use of advertising campaigns that are designed to attract specific customers in order to keep them in the fold. Failing to do that could be costly for companies.

 

7. AR Will Have a Bigger Presence in Certain Industries

The biggest AR hit right now may still be a mobile game, but companies are already working to get more out of this particular form of technology. Several industries are trying to improve the way they do things by increasing AR integration, and as noted by ZDNet, one of the successful sectors right now is real estate.

What’s interesting about the way real estate businesses are using this technology is that they are not shying away from fully incorporating it. They are even combining robotics with AR to provide potential buyers with tours of properties currently on the market. The real estate industry is starting to figure out this whole AR thing, and more industries are going to catch up sooner rather than later.

 

8. More Robots Will Be Working Alongside Instead of Replacing Human Workers

Robots being present in the workplace is no longer a new thing, but in 2019, the trend of handing over processes completely to them may slow down somewhat. Instead of companies relying solely on improved robotics to lower their expenses and expand their profit margins, they may start to use more collaborative robots. These collaborative robots are cheaper to maintain, and with some help from human workers, they can still be as productive as their more heavy duty counterparts. Jobs that have already been lost to robots aren’t coming back, but more people may remain employed if collaborative robots do indeed prove to be more cost-efficient.

 

9. Workplace Training Is Changing

Employee training is becoming more automated, but the way in which it is may surprise you. In an effort to get important lessons to stick in the minds of employees, companies are relying more and more on games to get that job done. According to this article from Mental Floss, hotels, hospitals, car manufacturers, and even ice cream companies are using games to help get their new hires up to speed. Video games aren’t just for fun and recreation anymore as more companies are acknowledging how they can be utilized as a teaching tool.

 

10. Automated Ads Are Likely to Become More Prevalent in Mobile Gaming

More than a few gamers may still regard mobile games as titles designed for the so-called “casuals,” but that has not impacted the profitability of those offerings. What’s even more fascinating is that it seems like people who like mobile games are not as opposed to seeing ads in whatever they’re playing. An article posted on Gamesindustry.biz highlights that 73 percent of mobile gamers prefer to play titles that are funded by ads as opposed to having to fork over money for them.

That may signal a larger disconnect between mobile gamers and those who prefer to play on consoles and PCs. Even so, expect more mobile games to feature an increased number of automated ads now that consumers have shown that they are fine with seeing those.

The world is growing more automated by the day, and that will continue in earnest in 2019. Keeping tabs on all these trends is exciting, and you can expect to hear more about them in the not too distant future.

 

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