Research and Reviews in Psychology

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Can Blockchain Support the Broder Adaption of Internet of Things (IoT)?

The convergence of big data and Fourth Industrial Revolution (FIR or 4IR) technologies such as the Internet of Things (IoT), Machine Intelligence, and Blockchain has had a profound effect on all aspects of society. The advancement of the world with the Internet of Things (IoT) or the Internet of Everything (IoE) fuels the explosion of machine-to-machine communications linked with the Internet. The IoT is expected to make trillions of connections, interfacing an unusual amount of data in areas such as infrastructure, energy, supply chain, health, agriculture, manufacturing and transport. While the rapid improvement of the IoT changes our lives positively, processing and securing a massive amount of data limits the enormous potential and practical application of IoT. Blockchain, a distributed ledger technology (DLT), which is considered as one of the fourth industrial revolution technologies, provides immutable and trusted data security and single-point failure to centralized servers. This talk is focused on how blockchain technology could be used for the Internet of Things and how the combined 4IR technologies can leverage the strength of each other. It will also recommend a unique platform where data can be generated, processed by making use of the IoT system, Machine Intelligence and the Blockchain technology; all integrated to achieve secure automation.

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