What is IoT with blockchain?

The Internet of Things allows devices to send data to private blockchain ledgers for inclusion in shared transactions with tamper-resistant records. The distributed replication of IBM Blockchain enables your business partners to access and supply IoT data without the need for central control and management. All business partners can verify each transaction, prevent disputes, and ensure each partner is held accountable for their individual roles in the overall transaction.

Watson IoT and 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.

The blockchain process

IoT data

1. IoT data

Each transaction is recorded, put into a block, and added to a secure, irreversible data chain

Watson IoT Platform

2. Watson IoT Platform

Select data is managed, analyzed, and customized to share among permissioned clients and partners

The Linux Foundation’s Hyperledger

3. IBM Blockchain Platform

The IBM Blockchain Platform, powered by The Linux Foundation's Hyperledger, provides the necessary infrastructure for developing, operating, and governing data enterprise solutions

Business consumption

4. Business consumption

IBM Blockchain streamlines processes and creates new business value along your ecosystem

Resources

      

Trusting the transaction of things

IoT offers new digital interactions and an infinite number of possibilities for transaction systems

The convergence of IoT and blockchain

IBM® chief architect for IoT security Tim Hahn and IBM Fellow for Watson Internet of Things John Cohn discuss how IoT and blockchain are converging

Transforming business transactions

WIRED uncovers the impact of IBM Blockchain on financial markets and other industries

Rethinking enterprises, ecosystems and economics

IBM Institute for Business Value "Fast Forward" study looks at the ways blockchain can disrupt traditional global trade

Integrate Watson IoT with blockchain

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.

Use cases

Freight transportation

Move freight with multiple transport companies, ensuring transparency and timely delivery

Moving freight is a complex process involving different parties with different priorities. An IoT-enabled blockchain can store the temperatures, position, arrival times, and status of shipping containers as they move through the system. Indelible blockchain transactions ensure that all parties can trust the data and take action to move the product quickly and efficiently.

With IBM Blockchain, you can be confident that contractual obligations are met all along the road.

Component tracking and compliance

Store provenance records for the original and replacement parts of your fleet vehicles

The ability to track the components that go into an aircraft, automobile, or other vehicles is critical for both safety and regulatory compliance. IoT data stored in shared blockchain ledgers enables all parties to see component provenance throughout the vehicle’s life. Sharing this information with regulatory agencies, shippers, manufacturers and more is secure, easy, and cost effective.

Use IoT and blockchain as a shared ledger to maintain an accurate and indelible history of your critical components.

Log operational maintenance data

Store operational and maintenance records in the indelible blockchain ledger for sharing among business partners or for regulatory purposes

IoT devices track the state of safety of critical machines and their maintenance in your organization. From aircraft engines to elevators, blockchain provides for a tamper-free ledger of operational data and the resulting maintenance. Third-party repair partners can monitor the blockchain for preventive maintenance and record their work back on the blockchain. Operational records can also be shared with government entities to verify compliance.

Use IBM Blockchain as a shared ledger to provide a record of operational data and maintenance.