Hello everyone, a complement of the season, you are all welcome to my post. I will be participating in this contest titled Internet of Things and Blockchain.
I will be answering the questions below
• Explain in your own words, what is IoT?
•What impact does the blockchain have on the Internet of Things?
• What benefits does blockchain offer to the Internet of Things?
• Explain two applications of IoT and blockchain.
• Explain a blockchain project that relates to IoT.
Explain in your own words, what is IoT?
The work IoT stands for “Internet of Things.” "internet of things" refers to a variety of physical objects that are connected to the internet.
The IoT are things we see in our everyday life examples are” The smartphones, computers, gadgets, televisions, radios, and various home appliances that receive and exchange data and information from the internet. As a result, they are interconnected with one another and they work directly with the internet.
The Internet of Things is an evolution of the internet. It allows us to control our home applications while using the internet, making control simpler.
What impact does the blockchain have on the Internet of Things?
As we all know how powerful blockchain technology is, the blockchain came with a wonderful system that we all know as the decentralized system. In this system, power is given to everyone and there is no central authority or body in charge.
The decentralization and privacy system that the internet of things currently operates on is a great impact the blockchain has on the internet. With privacy, we can set a password for our items, such as our laptop, phone, etc.
Another great impact of the blockchain on the internet of things is the provision of strong security. The internet of things currently involves the blockchain method of safety which makes its security very strong because anything under the blockchain technology is highly secured and unable to be hacked.
What benefits does blockchain offer to the Internet of Things?
The blockchain has given the internet of Things very great benefits. In terms of security, the level of security on our internet of things has increased as a result of the provision of strong security that uses a combination of phrases and numbers which the blockchain provides.
With this type of security, our possessions, including software, banking applications, and another internet of things, now have reliable security.
Blockchain technology has also given an advancement to the internet of things in terms of tracking information because anything done on the blockchain is very transparent and cannot be deleted which makes it very reliable and trusted.
The use of a third party in the IoT function is eliminated thanks to decentralization. Users can now rely on the shared data because it hasn't been altered by a third party or delayed by anyone.
Explain two applications of IoT and blockchain.
IoT and Blockchain as a tracking component.
The world is constantly evolving and so many companies have seen the need to make use of IoT and blockchain in their projects. For example; car companies now put a tracking system in their cars which helps the owners to easily track and locate their cars from any part of the world. This has also helped to reduce the rate of stolen cars in the works today.
IoT and Blockchain as a component of storing information
Due to the decentralized nature of the blockchain, people now store information using the IoT and Blockchain. This has helped in so many aspects for example; in a hospital that uses IoT and Blockchain, if patient information is documented, the information will be there forever. Even after so many years and the doctor decides to refer the patient to a different hospital, the doctor can easily send the patient information to the recommended hospital in just a few seconds.
Explain a blockchain project that relates to IoT.
Several projects related to IoT.
Here, I will be discussing the “IoTeX. “
The IoTeX is a decentralized platform that enables users to take full control of everything they own without the interference of any third party. Its native token is known as IOTX which is used in making transactions on the platform.
The IoTeX company has a product which is called “Ucam”.
Ucam is the "world's first blockchain home surveillance camera," joining blockchain and IoT to guarantee clients have secure admittance to film caught in and around their homes which provides a very good level of security.
CONCLUSION
The evolution of technology is still on the move. We have seen how blockchain technology has enhanced the Internet of things so well. People have seen the need to build their projects using the combination of IoT and Blockchain because any project built under these is very liable projects.
I want to invite, @srrebullient, @naka05, @msharif, @jenny281, and @Sahmie to join the contest.
Thanks for reading
Hello, @sir-charles-jude. There are a few basic things you should take note of when participating in the Academy.
Must be complying with any of the club status initiatives ( #club5050, #club75, #club100) and not using a bot. Sharing original content and #steemexclusive.
Must be a verified and active user on the platform.
You were only active about 8 months ago, you returned recently and have only written an article outside the Academy. I will suggest you subscribe to your country's community and others, for now, keep writing quality content to prove how genuine your return is, then you may be eligible to participate in the Academy later.
As regards the club status, the recent power-up you made is not been considered a significant power up for the last few months, as an existing user.
Take note of a few things highlighted here to ensure you are doing the right thing. Unfortunately, your entry into the Academy at this moment would be considered invalid.
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Thanks @fredquantum , when can I be eligible to participate in the crypto Academy?
what are the main criteria?
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I'm happy to read your post on this contest and I want to agree with some of the things you talked about. Very true that the blockchain is used in tracking which makes it easy for anyone to remotely monitor supplies or any property.
Furthermore, using blockchain in IoT makes the data more secure, they are stored in a decentralized way and become so hard for hackers to get into the details.
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Thank you
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