IoT- Internet of Things has been getting a lot of attention due to the obvious potential of it to revolutionize the modern world to greater extents. How amazing it would be to live in a world where every aspect of life is connected to the internet and can be programmed by you. In this fantastic probability, there is one issue though; it is security. Internet on one hand where it floods so many possibilities, on the other hand, due to its all-encompassing nature it becomes important to protect the freedom from malicious people. Here, the blockchain technology coupled with IoT doubles down with power and potential. On the partnership of these two, there are currently many IoT startups that base themselves on the blockchain technology. Let’s walk you through some of the rising startups that are making a difference in the world whether it is healthcare, food, banking, energy, retail, real estate or any other sector of life; there are Blockchain IoT Startups are revolutionizing our world.
This Nevada based startup is all about focusing on safeguarding data in IoT products. It makes hardware and software that are based on the blockchain technology and serves sectors such as construction, manufacturing, energy and transportation industries. Filament’s blockchain suite is called- Blocklet. In its recent creations list, the company created ‘Blocklet USB Enclave. This product is capable of integrating any USB ported device into an IoT device.
Next one in our hot list is from the healthcare sector. BurstIQ, Inc. uses blockchain technology to process health-related data through the help if artificial intelligence. The platform thus acts as a common connecting point between govt, users, pharma, business to business services and so on. It is quite a famous platform that has won several laurels such as the Red Herring award in 2018
This California based startup is about safeguarding the IoT infrastructure. It is a feature-laden service that offers services such as access control, zero interference access credentials, automated safety policies, etc. The sectors this startup caters to are- transportation, utilities, manufacturing, energy, and building management industries.
This startup is based in California. It uses the blockchain technology to allow different IoT devices to communicate with each other through the company’s own designed decentralized mechanism. This offers IoToken which offer a safe digital environment for the smart-devices to interact with each other. As per the company, IoToken can be used in various industries. Recently, NETOBJE joined hands with the Brooklyn Public Library in order to put up a Smart Mobile Phone Charging Station technology.
GRID+ is the world’s first ever blockchain based energy retailer. This startup deals with energy saving the Internet of Things. It makes use of Ethereum blockchain in order to allow its users to use its IoT devices. The use of ETH blockchain allows the agents of the company to pay for electricity every 15 minutes. The company offers this kind of services with the help of high-end blockchain cryptography.
One of its recent energy agents was launched with the name- Lattice1. Lattice1 is capable of recognizing fluctuations in the energy market, and therefore, it is able to tell its users about the best energy rates in the market.
This startup deals with managing the waste, which is a growing challenge of our planet. The concept that this startup uses is to enable waste-bins with blockchain technology. Now, this enabling allows the waste-management companies to monitor the waste content in the real-time in the bins before they send trucks to empty the bins. This saves a lot of effort, time, and resources. For instance, after using this revolutionary idea, the number of waste bins at Dublin Airport got reduced from 1,200 bins to only 98 bins.
This startup makes use of radio technology in order to make the internet connection stronger. It makes use of simple low power IoT machines such as routers, microchips, and so on. This mechanism saves a lot of power, in return. The California based startup recently was in the news about their first ever successful blockchain transaction. The company aims to spread its boundaries across California, Boston, and the UK.