IoT News – 4 ways blockchain is supporting the IoT

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By Lars Rensing, CEO of Protokol. IoT devices are on the rise, with the number of businesses that use IoT technology having increased from 13 percent in 2014 to about 25 percent in 2019. Clearly IoT technology is becoming a key tool for businesses, however there are a few challenges that it needs to overcome in order to ensure large scale adoption of IoT devices. Currently, IoT devices still face issues such as vulnerability to hacking, reliability problems, latencies and bottlenecks, and a limited ability to ensure transparency in supply chains. Fortunately, new technological developments mean that the industry is…

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