The fourth industrial revolution is well underway, so what effect will IoT and blockchain have?
As IoT becomes more affordable and blockchain matures, the possibilities are growing.
Jaxenter predicted, "Adding IoT technology, and using blockchain to share the data, will soon become as common for manufacturers as automated conveyor belts or basic process optimizations. The potential benefits are so broad, and the relative costs so low, that only a small portion of manufacturers would decide the technology is not worthwhile."
The next step is to make blockchain more easily accessed and integrated. Have you seen these techologies impact the industry already?
While these potential benefits have been technologically available for some time already, the trend is only entering the mainstream right now because the costs have fallen to a level where it makes sense for most manufacturers to leverage IoT technology.Adding IoT technology, and using blockchain to share the data, will soon become as common for manufacturers as automated conveyor belts or basic process optimizations.Read More