The Internet of Things (IoT) is one of the most impressive technologies nowadays. The exponential growth of this technology is being observed in recent years in a broad range of industries. Right now, the crypto news show that IBM and Credits are one of the firms are looking to tap into blockchain technology and improve the field of IoT, e-government facilities, supply chain and smart cities.
This entire smart concept is right now mainly concerned by the privacy and security vulnerabilities. When it comes to IoT, the amount of user data involved is colossal in scale. The cyber-attacks are a reality, as the variety of systems involved and the lack of homogeneity are leaving plenty of loopholes which can exploit and gain access to the data.
As a leader in the field of patents related to blockchain technology, IBM is now prepared to tackle another initiative along with the Credits blockchain platform, which has recently developed a product based on the company’s blockchain infrastructure – the IBM cloud system and IBM Watson.
IBM and Credits are looking to tackle the aspect of security. For instance, companies seeking to get involved in the IoT sector now find it hard to get a decent level of security. However, the combination of Internet of Things (IoT) and blockchain emerged as an effective solution to the issue alongside the integration of a host of other technologies that are aimed at facilitating the process of integration and increasing the processing speeds.
IBM and Credits will work together through the IBM Watson infrastructure, IBM cloud system and the Credits blockchain platforms – all merging as a potential solution. The prototype of the system has proven that it has all the necessary processing speeds and storage capacities needed to handle the immense amount of transactions involved in the IoT field.
“I see a lot of potential in implementing projects based on the Credits platform. A project with IBM, a leader in software, cloud technologies, and services, is a rethinking of how modern business practices work. The solution complements IoT and makes it more flawless. As a result, we get maximum value to enterprise clients, leveraging the strengths of all partners to solve complex business issues”, said the former IBM Director & present CBO at Credits Jennifer Trelewicz in the blockchain news.
The industries which can benefit from a merger of IoT and blockchain now affect every aspect of our lives, and the requirement for data security and verification is only growing. This is why IBM and Credits are expected to make a lot of revolutionary advances in the field.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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