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

Blockchain – simplifying business chains

As business models evolve, they tend to have a leaner approach. In this context, a lean industry is meant to focus only on things that have value to the target client of the product. Whatever procedure, part of the product, or process that creates it that does not provide value to the product is considered useless and must be removed or changed so it adds more value to the end-to-end solution. With the same approach, smart business models tend to only have steps that add value and knowledge to the business model, which means that outsourcing is still a big deal in this area. Becoming lean is not easy and cheap if you don't know how to integrate the end-to-end service chain into the business.

Blockchain comes into action when outsourcing or decentralizing business tasks are vital to the model, by giving the opportunity to decentralize tasks. Let's take a look at a traditional car sales process in the following diagram:

Whenever a customer buys a car...