Businesses are researching options to enhance the security of IoT devices with increased trust and transparency using Blockchain. The use of Blockchain within IoT is imperative as it provides a decentralized environment to the IoT ecosystem. Although the immutability feature is seen a USP for Blockchain, many businesses are hesitant towards investing in real-life use cases.
Blockchain council has made a list of few promising use cases of Blockchain. The supply-chain is the most plausible fit for Blockchain beyond the financial market. Several industries are now looking for a secured medium of sensitive data communication, digital identity management, and tamper-proof voting.
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