Are blockchains the important components for IoT?

The experts in the domain of Internet of things often find it a lot more typical to implement the hefty blockchain technologies into the IoT. But despite being that typical still, the blockchain technology is able to manage a key role in the world of IoT because of the following reasons. They are –

• SecureGateway – If you want safe and secure information transfer in the world of internet then nothing can be proven better than the latest blockchain technology. For the transfer of your data through IoT and without getting any of your information getting leaked use the Blockchains.
• Customizationpossible in Blockchains – There are very many companies which custom design blockchains based upon the demand and usage of the customers and their related domains. There are companies who have their work of designing the highly advanced blockchains based upon the customer's requirements.
• Maintainsprivacy –  In case you do not want certain particulars about your firm or your project get leaked into the market then use the blockchain technology to transfer your data. The key value of data analysis is also present while transferring data via. Blockchain technology which is a lot more than just sharing data between two parties while sitting on the backend. This is the best part about the use of blockchain technology in IoT.

Apart from the above benefits, all we can say in the concluding note is that the blockchain technology is highly reliable but still there are a few IoT platforms which are unable to sync well with the blockchains. Like you didn’t find any query platforms linked up with the data transferred through blockchains, etc. Still, there is a scope for betterment of this platform. All we can hope is to experience it soon.

**This post was published on https://cio.economictimes.indiatimes.com/