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There is no doubt that blockchain can provide many application scenarios for the Internet of Things, and these may no longer be futuristic, but at this moment!
Imagine such a scenario. The driverless car in the Internet of Things can ensure real-time and safe communication of the vehicle, including car start, driver confirmation, use of smart contracts to understand maintenance service information, and real-time location information to track the vehicle. In addition, the Internet of Things empowered by the blockchain will also produce high efficiency in the following eight vertical areas.
With the popularization of blockchain technology, companies will shift from the Internet of Things, which only generates incremental revenue, to a new production relationship that creates new business models and sources of income.
This will bring about the disappearance of industry islands, and there will be more and more products and services across industries. Therefore, enterprises can obtain greater value from IoT investment, thereby allowing the Internet of Things and artificial intelligence to be more widely used.