IOT's complete dependance on Blockchain and crypto by 2027

[cryptomarcianos]

The global internet of Things (IoT) in the energy market will generate a revenue of $41.2 billion by 2027 as per a report by Research Dive.
 

The report also added that the significance of artificial intelligence(AI) in IoT in energy is boosting the global internet of things in energy market growth. With the rise in demand for IoT devices everywhere and also the global internet penetration expected to increase. Security will be a major concern. Blockchain is the only way such security concerns can be effectively put to rest.
 

But use of blockchains at such a large scale would mean choosing robust blockchains who can handle such environments.
 

This is exactly why new generation blockchains like Concordium are working and researching on providing the promise of blockchain for business.

With regulatory compliance by design, privacy and verification of users identity, identity management will become easy for IOT devices to interact with humans. Billions of devices would also mean the network needs to have fast transaction capabilities and high throughput at a global scale with Concordium is building.


Fast finality and easy to deploy smart contracts will give blockchains like Concordium an edge that will help bridge the needs of the IoT industry and the Blockchain Industry.

As years fly by technology will become more accessible to the masses as it gets cheaper. That also means an ubiquitous internet where billions of devices need to autonomously interact with each other.

There will be multiple devices that need to pay for various services and authentication, for all transactions to be hack proof the only solution seems to be a blockchain in pace so all transactions are safe and cryptographically secure.

We will live in a connected world.

[Andruha1993]

Yes, it will most likely happen soon. And I think it's for the best. Because it’s easier and easier to live in such a world. Since it will be very convenient.

[aiviaa485]

IOTA has been promoting the IoT since it was first developed.
IOTA really understands how IOT works and they (the #DevelopmentTeam ) created a cryptocurrency-based IOTA with a coin character that is not centralized and is free for anyone to own it.

I forgot to mention the creation of IOTA but if I'm not mistaken it was first created in June 2017. This is all about IOT from cryptocurrency and that's is IOTA (MIOTA) .

[ansi]

IOTA has been promoting the IoT since it was first developed.
IOTA really understands how IOT works and they (the #DevelopmentTeam ) created a cryptocurrency-based IOTA with a coin character that is not centralized and is free for anyone to own it.

I forgot to mention the creation of IOTA but if I'm not mistaken it was first created in June 2017. This is all about IOT from cryptocurrency and that's is IOTA (MIOTA) .

As good as it looks, the Market Cap they predict it will reach in 2027 is kind of tempting. This probably will make the most profitable coin by that time if you buy it now.
We all know that Internet Of Things is the future but i don't think IoT will reach that goal in 2027 though.

[Senin]

We see the use of blockchain is growing and cryptocurrency is developing at a rapid pace. Of course, a lot will change in seven years, digital technologies will replace conventional ones. However, it seems to me that it will take much longer for us to see significant shifts in finance. She is, in fact, one of the most conservative. Therefore, ordinary trade and paper money will exist for more than one decade.

[Noverteno]

We see the use of blockchain is growing and cryptocurrency is developing at a rapid pace. Of course, a lot will change in seven years, digital technologies will replace conventional ones. However, it seems to me that it will take much longer for us to see significant shifts in finance. She is, in fact, one of the most conservative. Therefore, ordinary trade and paper money will exist for more than one decade.

It's hard to say what will happen to the decentralized cryptocurrency in the next few decades. It continues to grow rapidly, but has not become a ubiquitous means of payment. Now states have begun to actively work on the issue of their national stablecoins en masse, and they, perhaps, will create serious competition for cryptocurrency as a means of payment. Will cryptocurrency withstand this kind of competition?