Blockchain/IoT integration accelerates, hits a 'sweet spot' for the two technologies
Three-quarters of companies implementing IoT have already adopted blockchain or plan to use it by the end of 2020, an indicator of the growing connection between the two, according to a survey of 500 U.S. companies by Gartner.
While the marriage between the two technologies has been expected to be crucial for industry digital transformation, the adoption rate is happening at a “much faster pace than expected,” Gartner said.
“Among the blockchain adopters, 86% are implementing the two technologies together in various projects,” Avivah Litan, a Gartner vice president and report author, wrote in a blog. She called IoT integration "a sweet spot" for blockchain, the much-hyped distributed ledger technology.