AnyLedger - Powering Internet Of Things With Blockchain Technology

abhijeetcg (52)in #blockchain • 6 years ago (edited)

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Blockchain technology has emerged as a revolution. It's distributed ledger technology allow to store anything of value securely. Blockchain technology is immutable and incorruptible. Thus blockchain technology can be utilised in many areas. Another great technology the Internet Of Things (IoT) is spreading its roots in the use case technology. The internet of things collects lot more data to serve us in a better and efficient way. The data collected from IoT devices need to be stored in a secure place. No other technology is better than Blockchain technology in case of storing the data. Blockchaina and IoT can be used together to optimise each other operations.

AnyLedger helps to connect physical world internet of things devices to the blockchain technology. Thus the IoT devices can interact with blockchain and can able to make transactions. AnyLedger is building an embedded wallet for internet of things devices, which will help to interact with blockchain. AnyLedger provides IoT infrastructure to the companies which do not have any blockchain expertise. Internet of things had many benefits from blockchain technology and smart contracts.

Presently the physical objects are not able to make any interaction with the digital world. To provide the value to the physical objects, IoT connects them to the digital world and they can exchange value with other assets. The blockchain technology makes IoT a perfect product. Blockchain's cryptographic temper proof technology allow IoT devices to store the data and to make the transactions on a decentralized platform. The data stored on distributed ledger is immutable and only authorised devices can access to it.

(YouTube Video: Explains IoT in simple way )

Why we need AnyLedger ?

The AnyLedger is building an infrastructure which provides a link between internet of things and blockchain technology. The IoT devices provides the ways to interact physical devices to the digital world. Thus physical devices able to exchange value, assets and able to make transactions. The IoT needs an intermediary to validate the transactions and AnyLedger provides it. AnyLedger eliminates the complexity of blockchain and help companies to easily implement it on there IoT devices. Thus they only need to focus on the development. AnyLedger is the first platform which allow instantaneously to switch between different blockchain networks. It provides easy access to the decentralized smart contracts. The AnyLedger makes it reliable and easily accessible, thus more and more IoT devices adopt it. This makes IoT scalable.

Use case examples :
• Blockchain powered IoT and smart contracts can be used in international trade logistics and in supply chain.
• With IoT, we can enable sharing business model, with which everything comes under sharing economy. Bikes, cars and other equipments becomes available through shared system.
• With IoT the information of every machine is shareable with other machines thus creating a developmental ecosystem.
• The devices connected to IoT can provide security, it is worth notable that use of technology like IoT reduces the risk of security in the society.

✓ Conclusion : The internet of things will become futuristic with blockchain technology implementation. And AnyLedger is here to provide the link between IoT and blockchain. AnyLedger allow to switch between different blockchain networks instantly. AnyLedger makes IoT more valuable, triable and usable. AnyLedger is a promising project and had vision of future technological transformation. It is an amazing project to invest.