Coin-Craft is a cryptocurrency & Blockchain development company

Future of IoT with Blockchain

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Blockchain IoT

Steps involved in Blockchain IoT

Identify and Define the Problem

IoT is all about providing solutions to any problem posed in the blockchain technology. The first step is to identify the problem and define the extent of it.

Fabricate Solution

Now that the problem has been defined, the solutions and other derivatives of it can be used to devise or arrive at a particular solution.

Create app derived from Solution

Create an app or any other asset to test out the solutions that has been concluded to solve the problem with all the requirements in place.

Implement the app

Now that the asset or the app has been created, you can implement in the problem that has been posted and test out the theory to see if it is solving the said problem.

Fabricate Solution

Now that the problem has been defined, the solutions and other derivatives of it can be used to devise or arrive at a particular solution.

Solutions Provided

Some of the solutions offered by Blockchain IoT are as follows

Decentralization

Remove the peer-to-peer in blockchains and reduce the transaction fees.

Blockless distributed ledger

Identify and approve the transactions in the distributed ledger without having to use the blockchain.

Blockchain as a service (BaaS)

Cloud services integrated with Blockchain to readily deploy projects with ease.

Shared devices and Private Entities

Share wireless devices connected on IoT and by private entities with Blockchain connected on IoT solutions.

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