Too Long; Didn't Read
The Internet of Things (IoT) is changing the way we live and work. Today, IoT lets us capture data and interact with connected devices to enhance our business processes and daily lives. Manufacturing, supply chain, smart cities, vehicles, wearables — IoT is effectively connecting the physical and digital world across many industries. It’s no wonder why McKinsey estimates <a href="https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/the-internet-of-things-the-value-of-digitizing-the-physical-world" target="_blank">IoT’s global market impact</a> to be <strong>$3.9 — $11.1 trillion by 2025</strong>. As shown in the figure below, this massive market opportunity has attracted 400+ IoT platforms / solution providers (and counting), each vying to establish themselves as key players in this growing industry. So what is blockchain’s role in today’s IoT landscape?