Blockchain and Cryptocurrency Advanced - IOT Blockchain Use Case

Filament and IoT Blockchain use case

When it comes to internet of things projects, Filament is one of the top projects in the internet of things IoT space, focusing on building solutions, both hardware and software for enterprises and internet of things (IoT). One of the main standouts of filament is that is integrates blockchain technology and internet of things to provide better solutions for the betterment of the IoT. According to reports that were published by sources in 2019, Filament was working with the University of Nevada, Reno a research initiative that focuses on an autonomous vehicles.

One of the main aims and purpose of Filament is the development of hardware products that utilizes blockchain technology to provide solutions to enterprises and internet of things. The project was founded in 2012 and are looking to bridge the gap between blockchain technology and IoT, allowing IoT devices to connect and interact with each other securely. As one of the main players in bridging blockchain technology and internet of things, Filament announced the launching of Blocklet Foundation Kit which allows users to generate internet of things blockchain transactions on-device and also showcase the functionality of smart contract.

The main purpose for the development of the Blocklet Foundation Kit is to give embedded developers the base to evaluate and showcase how internet of things IoT devices can securely connect and integrate with each other using blockchain technology without the concern of infrastructural overhead. Blockchain technology and Internet of things are still in its early years and Filament are aiming provide the solutions and structure in the future of internet of things in blockchain.

Filament provides solutions to some of the drawbacks of internet of things. The main issues facing IoT are security and privacy. Filament is aiming to solve that by integrating IoT in blockchain. With that, IoT can harness the power of blockchain technology, allowing for improved security and privacy IoT data and information. One of the main IoT Blockchain use case of filament is that it designs hardware and software solutions that utilize blockchain technology to connect and interact with IoT devices and products. Blocklet is filament’s blockchain suite, with the core focus on improving the security of the data in IoT devices.

Also, the Filament’s DLT ecosystem was created to provide a much-improved cybersecurity protocol for IoT devices and also allow IoT devices for secure and faster connection and interaction between the IoT devices, such as sending and receiving data between the connected IoT devices. A typical example of the real-world use case of filament in IoT blockchain is the Blocklet microchip which can be integrated into an internet of things hardware system for enhanced capabilities.

The internet of things has been one of the growing talking points. With the creation of blockchain technology, IoT has become a major talking point in recent times. Blockchain technology has proven to be a very powerful solution to a lot of problems in different industries and sectors, including the IoT. While the internet of things aims to provide solutions to the everyday life, it also has its own drawbacks. With blockchain technology, a lot of the drawbacks of internet of things can be solved which greatly proves that the future of internet of things is greatly dependent on blockchain technology.