What is IoT with Blockchain?
IBM Watson IoT Platform enables IoT devices to send data to private blockchain ledgers for inclusion in shared transactions with tamper-resistant records. Blockchain’s distributed replication allows your business partners to access and supply IoT data without the need for central control and management.
All business partners can verify each transaction, preventing disputes and ensuring each partner is held accountable for their individual roles in the overall transaction.
Integrate Watson IoT Platform with Blockchain
The Watson IoT Platform has a built-in capability that lets you add selected IoT data to a private blockchain. The protected data is shared among only the business partners involved with the transaction.
- IBM Blockchain provides the private blockchain infrastructure of distributed peers that replicates the device data and validates the transaction through secure contracts.
- Watson IoT Platform translates existing device data, from one or more device types, into the format needed by the blockchain contract APIs. The blockchain contract doesn’t need to know the specifics of your device data.
- Watson IoT Platform filters device events and sends only the required data to the contract.
IBM IoT Lab Services offers a set of customized service engagements allowing you to experiment and innovate with the IBM Watson IoT Platform and blockchain technologies.
What it means to your business
Leveraging blockchain for your IoT data opens up new ways of automating business processes among your partners without setting up a complex and expensive centralized IT infrastructure. The data protection provided by blockchain ensures faster resolution of breached contracts, stronger working relationship with your partners, and greater efficiency as partners learn they can rely on the information provided.
Kick start your IoT with blockchain project with IoT Lab Services
IoT Lab Services can help you discover use cases and related business priorities, and explore IoT with blockchain as an emerging technology. Learn more about our offerings and solutions today.