Book Image

Hands-On IoT Solutions with Blockchain

By : Maximiliano Santos, Enio Moura
Book Image

Hands-On IoT Solutions with Blockchain

By: Maximiliano Santos, Enio Moura

Overview of this book

Blockchain has been the hot topic of late thanks to cryptocurrencies. To make matters more interesting, the financial market is looking for ways to reduce operational costs and generate new business models, and this is where blockchain solutions come into the picture. In addition to this, with Internet of Things (IoT) trending and Arduino, Raspberry Pi, and other devices flooding the market, you can now create cheap devices even at home. Hands-On IoT Solutions with Blockchain starts with an overview of IoT concepts in the current business scenario. It then helps you develop your own device on the IBM Watson IoT platform and create your fi rst IoT solution using Watson and Intel Edison.Once you are familiar with IoT, you will learn about Blockchain technology and its use cases. You will also work with the Hyperledger framework and develop your own Blockchain network. As you progress through the chapters, you'll work with problem statements and learn how to design your solution architecture so that you can create your own integrated Blockchain and IoT solution. The next set of chapters will explain how to implement end-to-end Blockchain solutions with IoT using the IBM Cloud platform. By the end of this book, you will have mastered the convergence of IoT and Blockchain technology and exploited the best practices and drivers to develop a bulletproof integrated solution.
Table of Contents (15 chapters)
Title Page
About Packt

Chapter 3. Explaining Blockchain Technology and Working with Hyperledger

Blockchain is a transforming force in a digital world in which people are connected more than ever. To explain it in a few words, this shared, distributed ledger known as blockchain is able to make the process of recording transactions and tracking assets in a business network more secure, easier, and with transparency for all members.

People now often use services such as internet banking, e-commerce, and apps for making purchases such as hotel reservations, taxi services, and other online services. This creates a huge volume of transactions and data. On top of this, IoT also brings new possibilities to this digital world. As products integrate with IoT, the volume of transactions grows exponentially; therefore, the necessity to connect to suppliers, banks, and regulators across geographical boundaries grows.

Blockchain technology provides a huge opportunity to transform operational business in many industries, such...