One way to offer honesty and dependability in IoT data is by using the distributed service that is trusted by all users to ensure that the data remains unchallengeable. For AnyLedger, the aim is to provide a platform that the users can verify their transactions to ensure that there is no tempering with the data. With the use of the blockchain and the distributed ledger technology, AnyLedger aims at ensuring that the users can be able to access their data safely without the interference of the third party.
The blockchain approach
Blockchain presents a stylish resolution to the peer-to-peer communication platform dilemmas. It is an expertise that permits the establishment of a distributed digital ledger of communication and connections that is facilitated by the nodes of a network as an alternative of being amassed on a central server. With the decentralization of the transactions, users can be able to access the platform and register/record their transactions. The expertise uses cryptography to identify and authenticate participating nodes and permit them to steadily insert transactions to the ledger. Transactions are confirmed and verified by other nodes taking part in the network, thus getting rid of the necessity for a central authority.
AnyLedger aims at using the tamper-proof ledger that cannot be influenced by malicious actors as the distributed ledger does not exist in any solitary location. Blockchain makes peer-to-peer messaging and trustless possible and it has proven its significance in the world of monetary services through Bitcoin and other well-known cryptocurrencies. This provides a guaranteed peer-to-peer payment services with no need of the brokers or the third-party.
Concrete uses of blockchain in IoT
The blockchain and IoT combination is by now gaining momentum, and is being certified by both tech and startups giants. AnyLedger aims at introducing their platform that uses the blockchain just like the blockchain used by Samsung proof-of-concept system ADEPT. With the use of the platform, the users will be able to carry out hundreds of billions of transactions faster and securely in one platform.
The combination of blockchain and IoT will also create the possibility of a liquefying the capacity of assets and circular economy, where resources can be reused and shared instead of bought once and disposed after make use of them. An IoT hackathon powered mainly by the blockchain podium leader Ethereum put the idea of blockchain-guaranteed IoT to analysis, in which some motivating notions are presented.
With AnyLedger, transactions will be conducted easily and securely though the blockchain and the IoT enabled platform.
For more information, please visit the sites below
Website: http://www.anyledger.io/
Whitepaper: http://www.anyledger.io/#whitepaper
Ann Thread: https://bitcointalk.org/index.php?topic=4771404.msg43091035#msg43091035
Facebook: https://www.facebook.com/anyledger/
Twitter: https://twitter.com/anyledgerio
Telegram: https://t.me/anyledger_announcements
Github: https://github.com/AnyLedger/
Author: gitagiajose
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2303447
