Internet of things is arguably one of the most exciting and talked about emerging technology in 2018 with predictions of the IoT to be more than the headcount of human beings as the century progresses. The notion of millions of connected devices is fascinating and unbelievable, but there is a serious problem; the centralized data storage system and architecture. This is where blockchain might be the only solution to properly managing the internet of things for devices to come in the future. Since blockchain will solve the problem by creating a decentralized system, it will be the tool to bring scalability, security, and privacy to the internet of things for devices. The blockchain technology is already disrupting industries like the energy, finance, e-commerce, and now, it is disrupting this exciting field to create a decentralized peer to peer distributed ledger platform for the Internet of Things. Some companies at the forefront of the marriage of blockchain and IoT are:
Disclaimer: The purpose of this list is not to pick the ” best ” cryptocurrency. The fundamental purpose of this list is to encourage community engagement and intellectual debate among the supporters of different cryptocurrency projects. By bringing supporters of different projects together, we hope to unravel the actual value and sentiment of each project via civilized debates. p.s. Nothing in this article should be treated as financial advice.
Note: For submission of ICO Projects/ sponsorship opportunities, please contact @cryptoverze for review.
Waltonchain is a project that is combining blockchain with the Internet of Things, IoT with radio frequency identification technology system to manage the supply chain. The Walton is an acronym for wisdom, alter, label, trade, organization and network and the project is named after the inventor of RFID Technology, Charlie Walton. Waltonchain leverages on RFID identification to track individual product throughout entire journey of production and distribution. They introduce the concept of Value Internet of Things (VIoT) to describe the integration of Waltonchain's proprietary RFID chips with the blockchain technology.
- Ticker Symbol: WTC
- Token type: ERC20
- Website: https://www.waltonchain.org/
- Whitepaper: Walton Chain Whitepaper
CPChain stands for the cyber-physical chain which is a blockchain distributed infrastructure for the internet of things. CPChain is combining blockchain technology, computer language, and scalability through cloud storage to enable IoT devices to interact with one another over data over a cross-chain application. CPChain is the channel for a wide range of data collection, sharing, storing, and application used for IoT devices and also aims to give vendors and suppliers to make money on the platform.
The internet of nodes, INT is similar to IOTA, but it is a decentralized system built on blockchain technology that aims at building a systematic framework to help machines and devices connect across a node. Basically, INT is a decentralized economy driven to better the interconnection for the Internet of Things.
Iota is the first open source permission-less distributed ledger that is not based directly on blockchain technology but on the one of a kind "Tangle". It is designed specifically to power the future of Internet of Things, featuring data integrity for machines as well as feeless microtransactions.
IoTex is a decentralized network system for the Internet of Things powered by a private centric blockchain technology that will solve the problem of scalability, privacy, and lack of values. It is building a fast and secure Roll DPoS consensus scheme by leveraging a blockchain-in-blockchain structural design for different computing systems.
IoT chain is the new Chinese blockchain technology platform to solve the problem of security with the internet of things. The technology combines asymmetric encryption of cryptography technology that will result in sharing for the internet of things in a decentralized and efficient ecosystem where users can monetize data.
Ruffchain is a new decentralized developed software based on the blockchain technology for highly efficient internet of things. It utilizes an open source distribution system that facilitates the atomic flow by information flow, expands the point to point network and consensus mechanism from the virtual world to the real world.