The machine to machine economy is being, and will continue to be, enabled by the broad adoption of industrial internet of things (IIoT). This is already moving beyond the hype cycle into significant adoption. However, the interoperability and intelligence brought about by the IoT is only half a solution when considering the machine to machine economy. Crypo-currencies represent the other half of this exponential rubicon.
But is the blockchain too “heavy” for the billions of micro-transactions needed to enable the machine to machine economy?
Keep an eye on our blog as Gareth Rees digs further into the relationship between blockchain and IoT over the coming weeks.