Last week we had the opportunity to participate in an engaging forum organized by Blockchain-based Service Network (BSN), Hong Kong. A global blockchain infrastructure network which is used to deploy Dapps.
Juan Manuel Corchado, director of the BISITE Research Group and president of the AIR Institute joined other experts such as Chris Wang, director of business development at Amazon Web Services (AWS); and Fan Jiang, technical director of security and systems research at Thoughtworks, discussed how to build a prosperous future in IoT industries through blockchain solutions and other approaches.
IoT and Blockchain today
As blockchain evolves, it becomes clear that IoT has found more than just an ally. Blockchain is already a mature technology, easily deployable in distributed data management projects and offers reliability and security to the user, as well as decentralizes management.
Blockchain facilitates the development of traceability projects, decentralized management, etc., while IoT enables the acquisition of data in real time, from devices needed in traceability processes, Industry 4.0 and Smart Cities. These two technologies are highly synergistic and are destined to develop in harmony.
They are highly complementary and if they are combined with AI, they can generate a lot of value in smart city projects, traceability, Industry 4.0, smart grids, medicine, and others. IoT offers many possibilities and perhaps its main issues derive from rapid development and mass implementation.
Here is a video of the complete interview.
We would also like to share the latest article published in El Mundo Innovadores, where we also discuss this fascinating topic.