• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
credits, ibm
Nexo Logo

IBM and Credits to Make IoT Data Secure

NewsBTC by NewsBTC
3 years ago
in Uncategorized
Reading Time: 4 mins read
Advertisement

The Internet of Things is here to stay, as an exponential growth of its use is being observed in recent years in a broad range of industries. From wearable devices to agriculture, E-government facilities, supply chain and smart cities, the smart concept is marshaling along the technological frontier. 

Privacy and security vulnerabilities are the main concerns when it comes to IoT, as the amount of user data involved is colossal in scale. Cyber-attacks are a reality, as the variety of systems involved and the lack of homogeneity in the infrastructure makeup are leaving plenty of loopholes that attackers can exploit and gain access to the data. The advent of blockchain has heralded a new wave of interest in IoT as the technology’s characteristics of resiliency, integrity support, anonymity, decentralization and autonomous control are making it an attractive alternative to centralized systems in the fight for security and privacy.

In With The Big Boys

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Corporations and businesses have appreciated the prospects of blockchain technology in its application in the IoT sector and are actively conducting research in the domain of security and privacy issues that users are so concerned about. One of the most enthusiastic and promising projects in this domain is the Credits blockchain platform, which has recently developed a product based on the company’s blockchain infrastructure, the IBM cloud system, and IBM Watson.

Providing a proper level of security is one of the most difficult tasks for companies seeking to get involved in the IoT sector. But the combination of IoT and blockchain has emerged as an effective solution to the issue alongside the integration of a host of accompanying technologies aimed at facilitating the process of integration and increasing processing speeds.

The IBM Watson infrastructure, IBM cloud system and the Credits blockchain platform have merged as a potential solution. The prototype of the system has proven that it boasts the necessary processing speeds and the storage capacities needed to handle the immense amount of transactions involved in IoT. The technical characteristics of the Credits platform make the proposed model applicable in industries, where high efficiency in data collection from sources and reaching consensus is vital for effective business processes.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The hashing of data and the consequent storage of the hash on the Credits blockchain platform with its immutability and high-end security characteristics in conjunction with the IBM cloud system allows businesses to solve the issue of data manipulation. It is not difficult to imagine the application of such a system in retail and logistics databases that involve sprawling networks and massive amounts of user data.

Customers of Solution

The giants of every sector of the economy, including governments, are testing the application of blockchain in their areas of operation.

The supply chain industry is one of the most affected by security and logistics related issues, such as loss and theft of cargo, as well as errors that can happen due to human or technical factors. The ability to trace items across networks that span the entire globe is a major issue. Appropriate solutions have not yet been developed to be fielded adequately. The reputations and profits of logistics and supply chain management companies are directly related to timely and proper package delivery.

The use of solution allows Credits’ customers like LLC Globaltechexport and IVHIMPROM to identify quality issues in the production process and even automate quality verification and certification. The use of the Credits blockchain for validating metrics obtained from IBM sensors and sharing product quality data with supply chain participants is a vital improvement on existing mechanisms. According to preliminary estimates, the presented solution helps to reduce companies’ monthly costs up to 17% transforming them into income.

“I see a lot of potential in implementing projects based on the Credits platform. A project with IBM, a leader in software, cloud technologies, and services, is a rethinking of how modern business practices work. The solution complements IoT and makes it more flawless. As a result, we get maximum value to enterprise clients, leveraging the strengths of all partners to solve complex business issues”, Jennifer Trelewicz, former IBM Director & present CBO at Credits. 

One of the most important factors in the entire business of logistics, or any other business for that matter, is the question of trust and proper performance of contractual obligations. The use of blockchain and Credits smart contracts can allow organizations to automate and simplify partner relations, payments and measure performance KPIs based on real, validated and immutable data.

Combining For a Better Future

The industries that can benefit from a merger of IoT and blockchain touch on every aspect of our lives, as the requirement for data security and verification is only growing. The combination of blockchain and IoT technologies, such as the one involved in the solution offered by Credits and IBM, can help solve the problems faced by current healthcare and supply chain companies. It will take time, of course, but the arrival of a universal and wholesome solution that can spread to other industries is an inevitable development that the blockchain is headed for.

 

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Bitcoin

TA: Why Bitcoin Price Could Explode Above $30.6K In Near-term

10 mins ago
Avalanche

Avalanche (AVAX) Shows Optimism But Is This A Price Reversal?

1 hour ago
Polkadot

Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?

2 hours ago
UST

Nox Bitcoin To Refund UST At $1 To Their Customers

11 hours ago
Cardano

Cardano (ADA) Grapples At $0.524; Bullish Trajectory Coming

13 hours ago
bitcoin hammer reversal

Hammer Time: The Bullish Signal That Could Save Bitcoin

13 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List FidoMeta (FMC) on May 23, 2022

May 22, 2022

Are Mountanaz (MNAZ), Bancor (BNT) and Convex Finance (CVX) the Top DeFi Projects to Watch in 2022?

May 22, 2022

ApeCoin (APE) has a New Rival: The Burgeoning Saga of RoboApe Token (RBA)

May 22, 2022

The Changing Face Of DeFi: What Is The Future Of Fundraising?

May 22, 2022

3 CRYPTOCURRENCIES THAT WILL MAKE YOU A MILLIONAIRE: PACMAN FROG (PAC), POLYGON (MATIC), AND STELLAR (XLM)

May 22, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.