Internet of Things (IoT) technology offers a platform for the developers to showcase their innovations. The technology is composed of appliances, physical devices, software, actuators, and network connectivity. It provides users to connect and exchange data. According to projections, there will be 20.4 billion connected devices by 2020.
In today’s age of technology, IoT is one of the most important breakthroughs. Having said that, there are still many industries which have not understood the complete potential of this technology. There will be devices generating a large quantity of data. There is also a possibility that a smart city can use machine-to-machine communication along with IoT devices.
Researchers have warned that in future devices like smart sound boxes can look after all kinds of voice communication. Modern devices are going to collect a lot of data. The data can be used to sell products which the users are interested in. The IoT update is lagging behind yet.
These days, big companies continued to collect personal data. This provides a good opportunity for hackers as they are always looking to crack the open servers. The market of Internet of Things (IoT) technology faces most of the integrity of data transmission, collection, storage, and processing.
μNEST Integrates Internet of Things (IoT) Technology With Blockchain
μNEST is an open source project of IoT+Blockchain built by a team of those top geeks who has 20+ years of applied crypto experience. It understands that IoT is all over and spreading, but the generating data is not treated properly. For IoT to succeed, there must be better data management along with security.
μNEST develops a public blockchain with the aim of lowering entry barriers for IoT and blockchain integrated technology. According to a report in the Bitcoin Exchange Guide, this will also provide a good opportunity for developers to deploy a Proof-of-Concept (PoC). The project is basically built to provide security to IoT as well as an effective value exchange.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]