2021 Insights on Blockchain and IoT Working Together: Building Consensus Across Industries and Sectors will Create New Opportunities - ResearchAndMarkets.com

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DUBLIN, January 28, 2022--(BUSINESS WIRE)--The "When Blockchain and IoT Work Together: Reappraising the Promises and Pitfalls" report has been added to ResearchAndMarkets.com's offering.

This study serves to explain how Blockchain and IoT can work together, what each technology is, how it works, how they integrate together, and example use cases.

Blockchain and IoT represent two collections of technologies with tremendous potential to improve and optimize businesses operations and daily life, but despite the heralding of a new era the realized results have fallen short. Innovators have been combining these two groups of technologies in novel solutions, searching for ways to monetize existing capabilities and divining what customers may actually purchase. Service providers are exploring capabilities for these solutions to add value across applications, in use cases where stakeholders need a way to smooth transactions in situations that lack complete trust.

As IoT connectivity progresses to support long range applications and high bandwidth applications, IoT can unleash waves of process optimization. While IoT is adding an identity and connectivity to billions of devices, simultaneously making it easy to measure and manage functions as well as making them vulnerable.

Blockchain can be imagined as simply a way to find agreement with strangers. Or put another way, blockchain is a collection of technologies that secure an exchange of value without a central point of control. It minimizes the capability for any one actor behaving maliciously or deceptively to control the trusted chain. The blockchain's goal is to reach consensus without a single central authority.

Blockchain technologies can complement IoT deployments by adding a layer of verifiable trust to recording and exchanging data and securing devices. Integrating blockchain-enabled solutions into distributed (and/or multiparty) systems can mitigate security and operational risks, through identify verification, device authentication, and data transparency. Applications leveraging both IoT and blockchain can streamline business processes and transactions, optimizing and automating contracting terms and transactions with a consensus record that does not require a third-party approval.

The IoT services ecosystem is fragmented but interdependent; service providers frequently work together across functions. The blockchain solutions landscape is also fragmented, with another highly complex value chain that requires proficiency across multiple domains.

Companies Mentioned

  • Chronicled

  • IBM

  • Mediledger

Key Topics Covered:

1. Strategic Imperatives

2. Scope of this Report

  • Scope of the Study, in Regards to Blockchain

  • Scope of the Study, in Regards to IoT

  • Inside this Study, Much Enthusiasm in a Hazy Landscape

3. About Internet of Things

  • Definition of the Internet of Things (IoT)

  • Why Does the Internet of Things Need Help?

  • The Needs of IoT Use Cases

  • IoT Connectivity Options

  • IoT Connectivity

4. About Blockchain

  • Definition of Blockchain

  • What Problems can a blockchain-based Solution Address?

  • Basics of Blockchain - Terminology

  • Basics of Blockchain - Nodes in a Decentralized Network

  • Basics of Blockchain - Building the Chain

  • Wide Potential for Blockchain Applications

  • Limitations of Blockchain Solutions

5. Types of Blockchains

  • Various Types of Blockchains

  • Different Types of Blockchains

  • Variety of Enterprise Blockchain Platforms

  • Leading Platforms for Enterprise IoT Blockchains

  • Common Modifications of Leading Platforms

6. Convergence: What blockchain and IoT can Do Together

  • How Blockchain and IoT Can Work Together

  • Building Trust With Blockchain

  • Organizations Need Ways to Ensure Verifiability

  • What Blockchain-enabled IoT Solutions Can do in the Enterprise

7. How Blockchain and IoT Integrate

  • Benefits of Blending Blockchain and IoT

  • How IoT and Blockchain Interact

  • Blockchain and IoT Integration Options

  • IoT and Blockchain Integration Considerations

  • Challenges in Developing Blockchain-enabled Solutions with Enterprise IoT

  • Challenges Bridging Enterprise Networks and Blockchains

8. Growth Environment

  • What It Means - Tremendous Potential

  • What It Means - Tempering Overenthusiasm

  • Limitations of Blockchain-enabled IoT Solutions

  • COVID Derived Challenges

9. Vendor Landscape

  • Services Landscape

  • Global Big Tech Service Providers entering Blockchain

  • Blockchain as a service

  • Blockchain-IoT Service Providers

  • Startup Activity

10. Blockchain and IoT Use cases in Select segments

  • Blockchain Use Cases Across industries

  • Select Application Segments

11. Use cases in Transportation and Logistics Sector

  • Blockchain and IoT in Transportation and Logistics

  • IoT & Blockchain Functions in Transport & Logistics

  • IoT and Blockchain Solutions - Transportation & Logistics

  • Example in Transportation & Logistics - Fr8 Network

12. Use cases in Agriculture Sector

  • Blockchain and IoT in Agriculture

  • IoT and Blockchain Functions in Agriculture

  • IoT and Blockchain Solutions - Agriculture

  • Example - IBM FooD Trust

13. Use cases in Healthcare Sector

  • Blockchain and IoT in Healthcare

  • Healthcare IoT and Blockchain Functions

  • IoT and Blockchain Solutions - Healthcare

  • Example - Chronicled and Mediledger

14. Use cases in Automotive Sector

  • Blockchain and IoT in Automotive Sector

  • Automotive IoT and Blockchain Potential Functions

  • IoT and Blockchain Solutions - Automotive

  • Automotive Sustainability and Ethics in Smart Contracts

15. Growth opportunities

  • Growth Opportunity 1 - A 5G-based Ecosystem where Telcos, IoT App Providers, and Blockchain Providers Work Together

  • Growth Opportunity 2 - Affordable Hardware/Connectivity Enable Mass IoT Deployments, Scalability Concerns Persist

  • Growth Opportunity 3 - Embedding Blockchain-based Security Throughout IoT Technology Stack

  • Growth Opportunity 4 - Building Consensus Across Industries and Sectors will Create New Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/vy6apt.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220128005406/en/

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