From the permissioned blockchain networks of IBM to the newly introduced Hashgraph technology, some of the largest technology and financial conglomerates have been testing the applicability and potential of blockchain with the Internet of Things (IoT) market since the beginning of 2016. Yet, with nearly $4 billion invested in blockchain research and development, not a single company has been able to demonstrate the successful integration of blockchain technology with IoT. In order to integrate with IoT, blockchain developers must treat each device as a unique user of the blockchain; as such, every piece of data transmitted from the IoT device is…
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