The scaling of IoT ecosystems needed to accommodate the growing needs of the future will not be able to be supported by a centralized system. This is where blockchain technology comes in. The decentralization of IoT networks using blockchain will significantly reduce the costs associated with maintaining the network, and prevent the failure of a single node from being to the detriment of the entire network.
Decentralizing IoT networks through blockchain | TechCrunch
Imagine a washer that autonomously contacts suppliers and places orders when it’s low on detergent, performs self-service and maintenance, and schedules its cycles to take advantage of electricity prices; a connected car, smart enough to find and choose the best deal for parts and services; a manufacturing plant where the machinery knows when to order repairs for some of its parts without…
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